It’s a good point and the underlying theory also illustrates how one should approach purchasing property for the long haul. In a blazing hot market such as we have seen in recent years in SD, buyers could seemingly do no wrong. The mantra was “buy anything – just get in the game”. That philosophy only works over the short term and during a red hot market. As the market cools, it is likely that the least desireable areas and properties will get whacked the worst. To insulate oneself, one should always looked for properties with what I call a “hook” – such as an ocean view, or an end unit, or on a cul-de-sac, a vibrant walkable neighborhood, a well-situated lot, etc etc. Adhering to the first 3 rules of real estate will protect you and always serve you well over the long haul. Guess I’m just rambling and stating the obvious, but so many people have bought so much junk over the past several years that I thought it was worth saying.
