If you really look at San Diego overall, it’s not worth the price. It’s a debt trap. The house owns you. Its a speculative investment jungle. Nobody in their right mind would buy a postage stamp tract home for $1Million UNLESS they believe they will make a FORTUNE on it. Psychology drives California Real Estate Period in my opinion. 1+1=1,000 here in Cali. Like the CEO of Qualcomm said, “The only part that is really nice in San Diego is the first 5 miles from the ocean”.
