San Diego has a large number of well-paying jobs, is a favored place for the wealthy to vacation, have second homes, and retire, and has basically run out of nice locations to develop.
I also think it is only a matter of time before mainland Chinese buyers start branching out from their favored UTC-centered buying habits into other areas of San Diego.[/quote]
All the above are facts not fiction.
A lot of people told me the same thing in 2007 when I was exploring real estate in san diego. Per them becaus eof above stated facts, real estate in SD would never go down.
I was not convinced though and finally bought in 2011 :-)[/quote]
Well then. Since you are looking to upgrade…why haven’t you sold your existing home and just rent if you are so sure prices are going to go down significantly enough? If you are looking to upgrade, and you think prices have peaked, now would be a great time to sell, right? After all, even if prices do fall and you can get a better house later, holding onto your existing primary won’t help because that will go down too.
