[quote=sdrealtor] The “sdr areas” held up because there are enough people that can afford them, enough people coming to replace that who cant and enough people who will pay big rents to be here allowing many distressed homeowners to rent it out and hang on for better days. Bring on the next recession, I’m sure it will be as ugly as the last but I have confidence in the staying power and long term growth of my community. Quite simply, I beleive it is as good as it gets anywhere in the US if not the world.[/quote]
Then why have inventories in Encinitas gone up about 40% since December? Even more so in South and West Carlsbad.
Your area hasn’t “held up” to anything yet. Folks in the area are holding out longer because thay can, hoping for a return to “normal” 2005 prices.
Good luck with that.
