You are planning on buying a 500K asset, knowing that
you will be moving in 5 years and knowing that it won’t cash flow?
Tell you what, why don’t you just start sending me
$1000/month and I’ll send you a cool picture of a beach in hawaii.
After the bubble finishes bursting, SD real estate will be in the shitter for a decade or more.
There are no current growth industries and the Military is headed towards a secular decline.
Also as the Baby Boomers retire, there will be pressure down on real estate for a generation.
Boomers are retiring and the Echo Boomers are headed to college.
Unless we allow open immigration from china, i wouldn’t worry about being priced out of north county.
