I think we’re far more likely to go up 12% this year than have a correction of even -2%.
That would mean a return of over 50% on a downpayment of 20%.
I have a rental house and condo. The condo is much simpler. The HOA is a bit of a hassle in minor ways but overall not worrying about exterior maintenance is very nice.
I would certainly buy ASAP if I didn’t already own 3 San Diego properties. And I would buy a fourth if a perfect place hit the market.
Purely for a low cost investment, I’d get a small condo in City Heights, Loma Portal, or Linda Vista and ride the last leg of gentrification. They are mostly there already, but not quite.
