Yes, I also believe that submarkets can change on a dime. They can also fall in popularity on a dime. That dime is only as shiny as the nearby job market is stable and lucrative.
MM is only “semi-hot” today because of nearby well-paying jobs. There are really no other “redeeming qualities” in MM construction over and above other SD County submarkets. If companies close to MM should relocate or decide to import H1B workers instead, MM will fall in value commensurate.[/quote]
1. Explain how an import of H1B workers will cause MM to fall?
2. Since when does any of the latest properties sell based on “redeeming qualities” in the construction these days?
3. If you predict a big doom and gloom like the major employers changing in SD…At that point…Mira Mesa is the last place you have to worry about…Or for that matter coastal areas….Everyone in SD gets hit..So in that scenario (which is unlikely), it’s suck for everyone….Including your hood.
