You’re right bugs I have seen some things that pencil out but at the same time we have a bunch of people buying in areas like Mira Mesa and Clairemont. IMO they are exhausting their resources on lower quality purchases and if/when much nicer homes start to hit the market at reduced prices there will be much less competition. I’d rather be a slum lord in a nice area than a slum lord in a real slum (not saying MM or C is a slum). Inventory in nicer areas is increasing while inventory in poorer areas is decreasing.
