I have been following the Mission Valley (92108) market for the past 2 years as a potential investor for a rental condo. 2 years ago there was NOTHING listed for under $200K. Currently there are 31 units available for under $200K. If I were not very educated in where the market is going, I would probably think that now is a good time to jump in and start picking up investment properties.
However, there are also 95 properties in Mission Valley that are currently in default. I think I’ll wait until the default numbers start to decrease before I even think about jumping in.
