InmanTV

Wednesday, July 26, 2006

Investment Idea: San Diego Condos

Where to look:

San Diego Condos in the Gaslamp/Downtown.

I have a hunch that downtown San Diego condos are a great place to start looking to make big bets. Many people are bearish on the San Diego housing market and they are justified to an extent. But what is causing this sentiment? Lost jobs? Stagnant growth? Poor weather or government? Interest rates on mortgages? Well they are higher but relatively very low, historically. Is San Diego less desirable today than yesterday?

To the contrary the Gaslamp district is getting better and more attractive. Job growth is healthy. Do the research! It was voted 5th best big city to live in.

No my friends the correction or cheapening of downtown condos is due to excess supply and low demand which comes from an increase of supply or overbuilding by zealous developers. Watch this market. Look for a comfortable bottom or create a comfortable bottom with low ball offers and snatch up these bargain priced condos while you can. Sit out for at least 3 months and study and get ready to pounce on adjustable rate mortgages adjusting upward and an uptick in defaults. This is my theory:

There was an extreme pendulum to the positive in condo prices from 2002-2005. Now that same pendulum is swinging negative due to oversupply, not new land on the beach being built or major job losses. In the next 18 months we will witness the pendulum come back to where the market price should really be, a market derived medium with mid 7 interest rates and personal income growth.

Ex. 2BD 2BA condo at 1100 sq ft.

Peak: $535K in 2005
Predicted Lows Sellers will accept: $365-405K late 2006
TRUE MARKET PRICE: $450-$470K Early 2008

Whether I am right or wrong you have to respect the fact that I have an opinion. Also this assumes no major event changes things such as a 9/11, an earthquake or stock market collapse. Or an event like the Fed cutting rates back down to 1%. If one of this events happens all bets should be off. Stalk this very unique market and prepare to pounce.

5 comments:

Kely said...

Hello I want to congratulate to you. This site is fantastic, looks like entertained and very good to me it elaborated. I invite them to that they explore a little on my site of the Web
Our real estate listing includes great opportunities on Costa Rica Central Valley’s provinces such as San Jose, our Capital, with remarkable cities as Escazu at the west, or Curridabat at the east, experiencing a great development on both commercial and residential properties, making their real estate pricing highly attractive to investors; on other hand, Alajuela city gathers places with a very special warm weather such as Grecia, La Garita and Atenas, or beautiful farms for agricultural, cattle or nature preservation purposes as those located on San Carlos or Sarapiqui. We also offer land properties in Guanacaste, which is the province, along with Puntarenas, with the most beautiful tropical beaches on the Pacific Coast such as Tamarindo, Playa Grande, El Coco, Playa Hermosa, Nosara, Samara, Herradura, Jaco, Manuel Antonio, Dominical and Golfito, where the real estate business occupies the first place as the local economic activity.
Great investment opportunity at Costa Rica Pacific Coast, Preconstruction condos in costa rica
Condo sales in costa rica, Retirement property in costa rica. Visit us for more info at: http://www.costa-ricarealestate.com/

Omar Cruz said...

I like this blog is fantastic, is really good written. Congratulation. Do you want to see something more? Read it...:Great investment opportunity in Costa Rica: costa rica for retirement, properties in costa rica, costa rica land for sale. Visit us for more info at: http://www.costarica4retirement.com

Omar Cruz said...
This comment has been removed by the author.
kabir said...

Excellent content - as you always provide and inspires me to come again and again.

There is one more valuable resource I'd like to share with others readers. It's called Secrets of Successful Traders that teaches you…

Do you make these mistakes in trading?
Would you like to turn just a small amount of $1000 into $1,000,000.00 in 5 years or less- Guaranteed?


For more info visit: http://www.2stocktrading.com/affiliates.html


kabir

kabirinnovative@gmail.com

kabir said...

Excellent content - as you always provide and inspires me to come again and again. You are on my RSS reader now so I can read more from you down the road.
By the way, there is one more valuable resource I’d like to share with others readers. It’s called Secrets of Successful Traders that teaches you…

•Would you like to turn your $1000 into $1 Million by the end of Year 2012- guaranteed?

•Recently, I reviewed a very unique stock trading company that has helped thousands of people to make money from the stock market- safely, easily and consistently...

and, for a small fee, they are willing to show you exactly how they did it.
For more info & special discount, visit: http://www.2stocktrading.com/discount.html

Kabir

kabirinnovative@gmail.com

http://www.2stocktrading.com/discount.html