Personally I think San Diego real estate may decline again, dragged down by commercial real estate unless the government continues to aggressively intervene with cash infusions and if the Fed keeps the interest rates low. I see long term a slow increase, but not like the bubble we just experienced.
I also found this prediction that is a bit negative, but worth looking at, but I hope he is wrong about the terror attack:
Gerald Celente predicted a crash in 2010. According to Celente, last year’s economic collapse never hit bottom because government bailouts kept things propped up. To make matters worse this year, there will be a collapse in the commercial real estate market, he continued. Celente anticipates a 9/11 level terrorist attack that banks will use as an excuse to devalue our currency. He suggested people refrain from debt spending, keep some cash on hand, and buy local (American made) products when possible.
Gerald Celente has a knack for getting the zeitgeist right.— USA Today http://www.trendsresearch.com/
He may be a bit out there for most of you, but I know some of you will at least consider the possibility. Happy New Year to all.
