Home › Forums › Housing › Shall we buy or never in San Diego or wait for more depreciation? › AN wrote:patb
[quote=AN][quote=patb] obviously the OP is smoking crack.
California has a 50% state budget deficit.
California has a couple million surplus dwelling units.
So what’s the thing that’s going to drive property values?[/quote] Inflation?[/quote]
My answer at least at the low end (may not apply so much to coastal SD at current prices)
Is new household formation !!
More than enough to soak up any existing inventory over the next few years assuming the economy improves.
But if the low end gets pressure then it may extend somewhat to the higher end area’s as well.
