[quote=bearishgurl][quote=sdrealtor]If you haven’t bid on, won and closed on a house in the last 30 to 60 days you are operating on yesterday’s news. It was what it was. It ain’t anymore. It is what it is.
How is that for a gaggle of cliches?[/quote]
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]
bearishgurl, MM is close to the home of one of the biggest and successful company in the world is one redeeming quality you CANNOT ignore. In addition, MM is located closed to the freeway, beach, and fairly close to the other job centers in San Diego, i.e, UTC. Isn’t real estate is always about “location, location, and location”? Really, who care if is there any “redeeming qualities” in MM construction? You are NOT buying a house in San Marino or South Pasadena. You are buying a house in MM! No offense to those of you who own in MM.
