I’m not sure I would feel too comfortable buying a rental in South San Diego. I just read an article describing how illegals are leaving their rentals with no notice and heading back across the border due to the lack of construction work. Additionally, as we head into a recession and more of the vacant pre-foreclosure homes come back on line, I would expect rents to decline. Of course, folks who buy rentals now will be a heckuva lot better off than those who bought ‘investment’ properties two to three years ago.
