If you haven’t closed yet RUN don’t walk away from your purchase. If you have to give up your deposit, do so – take a small hit now or a huge hit later.
Condos values are going to drop significantly as more and more condos come online downtown and throughout San Diego.
When I am analyzing where San Diego prices are headed I look at three categories of property: trash, decent, premium.
ALL condos fall into the ‘trash’ category and I am expecting a 50-60% decline for them.
Not to mention that your current HOA fees are only going to go up from here.
