IMO I believe Otay and Eastlake in general will lead the charge… correction, continue to lead the charge in detached home depreciation for resale homes as well as foreclosure. This area has all the ingredients needed for the recipe… it was thoroughly built out, it was chocked full of buyers financing with 100% and/or reset financing, it has a high degree of speculation (flippers etc..). I am not positive but I think it is leading SD County in foreclosures right now at least for detached homes. (Purely a speculative statement)
