This guy is talking about what he is calling the “State of the Bleeding Edge San Diego Market”. What is a “Bleeding Edge Market”? I have never heard of this. I have read the articles and I think what he is saying is no matter how you look at it this place is going to hell in a hand basket. I do think however, you are probably correct in assuming he has predicted an end too soon. When it ends, and it will, where will San Diego end up, the way of San Francisco…I think so. Everything here is too expensive.
I recently read something on Forbes, that was talking about where housing would be in 2016. It talked about the ups and downs and “look at the bumpy road ahead”.When I looked at the graph they had for San Diego there was a steady line up from a median of about 600k to 850k in 2016. This was an article about the coming housing slump, San Diego is the worst market, and they are predicting the highest increase here, in that time frame.
Forbes.com
Table: A bumpy ride to 10-year gains
To get a feel for the volatility between these price points and a full description of the communities included in each metro area, view the Forbes.com slideshow here or click on each city’s name in the table below.
Metro area Median price, 2Q 2006 Est. median price, 2Q 2016 % increase
Washington D.C. $435,899
$450,747
3%
