15+ yrs in San Diego – watched Clairemont houses rise through the $100K level way back when
owned 15+ rental units locally – sold them all between 2002 and 2005 – kept personal residence because of low tax basis and family vs money reasoning (if it were just me I’d be renting right now) – will be buying again when/if rentals make sense as an investment (vs a speculation) – also plan to buy a view property (or several) during this correction
I believe there will be ‘entry level’ view properties in La Jolla, Pt Loma, Mission Hills, etc for around $800K in 2011/2012 – these houses are currently selling for $1.4 to $1.8 mil
San Diego is paradise – natives don’t realize that until they live somewhere else
