Miami the No. 1 riskiest real estate market in the country
A real estate analyst for Forbes.com on Thursday explained why he ranked Miami the No. 1 riskiest real estate market in the country. He blamed the unflattering ranking on escalating insurance costs, a high number of adjustable rate mortgages, unaffordable housing prices and high vacancy rates.
This sure sounds almost identical to downtown San Diego real estate market.[tags]Miami real estate,real estate bubble,housing bubble, downtown San Diego real estate[/tags] overpriced real estate market downtown San Diego real estate San Diego Century 21 agent
3 Comments
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Just get it over and done with, a recession is required to weed out the crap in the market.
The UK & US both need a hard landing. Bring it on!!
Tyler
San Diego California Real Estate
The housing market is in balance, when you can buy your house with your income. Can you? There is still long way to go!
Eddie
San Diego California Real Estate
A house is worth no more than what someone is willing to pay you for it. No buyer? Value = $0. House prices have held steady throughout the past 100 years in the US at 3x median income of whatever area you study… because every house you build must be affordable to the workers within the surrounding area.
Jamie
San Diego Family Dentists