I think that the newnest of Sunset Cove will appeal to many buyers.
I agree with the buy low and rehab strategy (I’m planning to do just that in Point Loma in the future).
Few buyers see the potential of a house. If they did, the small contractors and flippers would be in the poor house.
The one thing that a new development has going for it is design and presentation. Most people have ugly houses and bad taste. They wouldn’t know how to rehab a house; and when they do, the project is not down right. Builders are able to give buyers a completed product they can enjoy right away. Remember, we live in an instant-satisfaction society.