The only semi-IE area I’m looking at is Jamul because I need space and I’ve heard such good things about it from Rustico and other residents. That place is for me to live.
For rentals I’m looking in Mira Mesa (I’m sticking West of Cam Ruiz), Sorrento Valley, and Clairemont/Bay Park. I’m never going to the Stepford wife towns of CV or 4S, I just don’t like it and reminds me of the movie Little Children (do see this movie). This is just my personal opinion. The premium to live in those areas is, IMO, not worth it. Of course, those places are also depicted in Weeds.
Anyhow, prices are still about 25% off what would work for me. We know about foreclosures and we speculate about shadow inventory. One fact is that rates will rise and I think that factor alone is enough to warrant a 25% drop in price so I’m fine, just saving my money for that day. There is no hurry at all.
