[quote=Blogstar]I believe the bubble before this big last crash officially took SD housing down only 17%.. However there were plenty of houses down much much more. So, while the next downturn may not look to be a set up for large overall decline , it may offer plenty of opportunities in certain areas.
I don’t have any ideas on where, haven’t been thinking about it , but there will be good buying opportunities.
If it is blue collar areas , would piggs buy? Which investors would?
If it were Eastlake or Santee( just 15minutes from La jolla shores).[/quote]I don’t doubt that there will be opportunity at the bottom of the next cycle. I just don’t think we’ll see 50-60% off peak like we did in 2008-2010. I also like to follow the lazy landlord philosophy as well, unless I’m presented with a killer opportunity further away. I wouldn’t go out of my way to look for properties in Eastlake/Santee. I like to buy where I think major job center is. It’s much easier to find renter when it’s close to jobs and university.
