You are confusing a sub-market, distressed fixers for investors and certain strategies that I am talking about, with the whole market. Apparently you assume that t the local and national economies be healthy before people buu real estate too???
Mira Mesa looks very interesting, especially in light of Asiannauticas comments. I am not saying everybody go buy today.
I am talking about making money in real estate not calling the bottom and buying a “trophy” house or even a “nice” house. That market stinks(except maybe in Temecula) but even in that there are occasionally good deals.I posted about a successful flip in Chula Vista on a Chula Vista thread. Somebody else just posted what appears to be a smoking REO deal on a house in Point Loma.
“For some reason, I thought you were more bearish on housing…. and that you predicted a longer recovery. … anyways..”
Yes, I think I have been bearish and honest(sometimes too honest). Every house and every deal on every block is not created equal. Guts,sacrifice, enterprise and sweat equity will find room in this market to prosper before we read about the bottom here or anywhere else and long before I call it or even predict it.Even some people who go “upside down” are going to make more money going forward than people who are compulsively negative and lacking in knowlege about real estate investing.