[quote=4plexowner]I believe Bay Ho, Bay Park and Clairemont will ‘pop’ in the next real estate cycle – we will see people scraping the 1950’s houses and building whatever is considered high-end housing at the time – this trend is especially likely for the view properties in Bay Park / Bay Ho and for the Clairemont houses along the canyon rims
that’s the good news – the bad news is that the next appreciation cycle won’t even start until 2017 or later depending on how numerous economic factors play out (bankruptcy of California and America, loss of reserve status for US dollar, retirement of boomers, peak oil, etc)
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I hadn’t heard about increased health risks from living around the bay – I tell my kids and visitors to NEVER swim in Mission Bay – I have heard / read (?) that the water does not circulate well through the Bay so the water is relatively stagnant – combine a lack of circulation with the toxic remains of a landfill and you have the potential for a big, nasty, toxic body of water
when I first moved to San Diego 18 years ago I read a story in the Reader about unexplainable and incurable skin rashes and skin conditions that swimmers and surfers were developing – the article attributed the problem to our off-shore dumping of wastewater – made the point that every toilet in every hospital and medical facility in San Diego flushes into the ocean about 2 miles off-shore after the minimal amount of treatment required by law[/quote]
Bay Park has considerable room for price depreciation, as very little is moving priced over $500K, so if someone is serious about the area, I’d say make an offer considerably lower than the asking price.
As for the dirty bay water, it really is sad to see tourists with their children swimming in the bay not knowing that they are putting their health at risk.
