I think you are correct. Very excellent and thorough analysis, backed by a lot of supporting data. That’s right, they are not making any more land. Coastal CA is doing great.
Not only that, I am sure that you are extremely successful, have an exceptionally high IQ, and can spot a great deal when it drops in your lap.
Since you are so cool and the coastal housing market and economy are so great, I am willing to give you a once-in-a-lifetime opportunity to purchase my coastal rental property at a 5% discount to current value, determined as follows :
Take my original purchase price and apply the percentage gain in the San Diego Resale median from the month I purchased it to the current month. Then take a 5% discount for you for being such a great person.
I bought in October 2002 for 340K. SD median increased by 58% from 10/02 to 5/07. Today’s value = 340K *1.58 = 537K. I’ll give it to you for 510K. It’s like I’m giving you 27K.
Just post your email and I’ll send you all the details.
