Buying in SEH is a very bad idea right now. Anyone doing there homework could easily see there will be an HUGH TSUNAMI of Short Sales and REO’s comming in the next year. Just to get an idea, goto the San Diego Property tax collectors site
Click on “pay your property tax link”, then punch in one of the biggest streets in SEH, Hollowbrook and the zip 92078 (leave the rest blank).
The RESULTS: 17 HOUSES OUT OF 68 have not paid their property taxes for April. THATS 25% OF THE STREET.
I rent here in SEH for a fraction of the price to own and its very sad to see some really nice people talking about walking. But as said earlier, its business.
