If you work/play around regular San Diego, it’s worth considering a smaller house/better location combination closer to town. If you don’t mind spending over $1 million, I think you are going to see some reasonably-good buys in Carmel Valley/Del Mar Heights/PB and hopefully even La Jolla in the coming months.
On the other hand, if you want/need a big house and want better value, Encinitas and Carlsbad offer both, around $200/sf or so.
Simple advice: buy the right-sized house that you can comfortably afford as far south as possible.
Thanks for the ideas, suggestions, and well-wishes for the blog!
How long will foreclosures persist?
Flat or bumpy pricing isn’t enough - because homeowners on a tight budget can have a single life-changing event that forces them to sell. They need a rising market to be able to break even with costs, and with little or no penalties or stigma attached, we’ll probably see a steady trickle/stream of foreclosures from now on.
I saw one today where the seller, who purchased using FHA on 9/30/09, was already short-selling!
We offered to help here, where the previous owner had lasted less than a year:
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