I don’t think there is any debate about the state of San Diego housing prices and how overpriced they got to be and still are. Without question there is a high probability of large declines in many of the more desireable areas. Will they go to 2002 prices? 1998 prices? who knows? Some areas are indeed already at 2002 prices.
Fixing up your rental property is orthogonal to the housing bubble. Many as witnessed on the post have had a very positive rental experience and fixed up the rental they live in. I would expect every situation to be different. We had one of those long talks with our previous landlord prior to moving in as well to our last rental about how he would never sell the home… Guess what he tried to sell the home 14 months after we moved in. Nothing is gauranteed. I would also submit that having a couple of toddlers and large dogs makes it a hell of alot different. Just wondering for those of you who have put all the time to add these improvements what the ages of your kids are, how many pets you have etc… My point here is that family dynamics have a large impact on your life and are of a much higher priority then a rental. I have no time or desire to put money into something I do not own. All I am doing is biding my time until I do buy. Most people who rent actually have no problems even with large families and young toddlers. It is different for everyone.
