Over the next 5 years, San Diego is going to see about 12-billion dollars invested in local and regional infrastructure. This includes, new highways, transit projects, street improvements, etc. This is the first time that San Diego will ever experience such a large amount of Govt funding to the region. This huge load of money, per Transnet II and Prop 1B and Prob 2B. This will offset any job loss in the housing industry and will likely float SD’s economy for another few year. How does San Diego factor this in to the fact that we will see a significant up swing in construction related jobs over the next two years?
Bottom line is there are way too many factors involved with this market we are in right now. some house will continue to sell above their value and some will settle down below their value.
Have fun waiting on the fense, you’ll be there for a long time. Maybe so long you retire with out ever owning. Then because your rent will adjust to inflation every year, by the time you’re 80, your fixed income won’t be able to afford it and you’ll move into Govt housing, unless your kids are nice to you and let you move in there nice new home.
