There will always be *some* construction going on. Just drive around LaJolla and see all the n-million dollar homes being torn down in order to make way for new n+1-million dollar ones.
I’m saying there will be no new big developments in SD for a *long* time. There is too much overhang. Look at all the inventory now and consider whats going to happen when all the FB’s toss their keys in ’08 and ’09. Especially during a recession.
I’m not sure what Radelowe is working on, but unless his time frame is 10+ years out I don’t see it being a profitable investment.
