[quote=sdrealtor]If location is the prime driver of prices in SD County why did many of the most central locations including downtown, Southwest SD, National City and South Bay get hit as hard or harder than any other areas? Surely their locations being so close in and the primary driver would have protected their property values. I just dont get it?[/quote]
I suspect that these central locations are: 1) not the most popular locations for families, 2) many of the homes were bought as “investment properties” with little or no money down.
Look at coastal properties where the values have dropped much less.
