Bugs, you make a very good point regarding the financing. That is certainly something to consider. It might be best to build while the market is on the way down, so that banks don’t shut the door in my face when I say I want to borrow money!!
Regarding the employment situation in Julian. My understanding is that something like 1/3 of all housing in Julian is second-home/vacation housing. Given that, would the risk still be higher?
Also, what is your general feeling about baby-boomers and their demand for second houses? I’m thinking about building a cabin, enjoying it for 5-10 years, and then selling it to a boomer that wants to move out of San Diego to that lovely little place with the apple pies. Your thoughts?
