Avatar Posted by Mcanultyjane 807 days ago - Average Rating: 5 with 1 vote(s) (http://knol.google.com)
Category: Education | Tags: san diego real estate housing market
With the median one year San Diego home price decline approximately 30% and the San Diego residential housing market having been in a steady decline since the summer of 2005, renting has been far better than purchasing. When one loses 30% or more home equity in one year, dont buy the old cop-out line of "in the long run the housing prices will return to their old highs." For San Diego residential real estate, this is the worst market since the great depression. Unlike a normal correction or pull-back, this once in a lifetime evaporation of real estate values will not soon be forgotten. Partially because of the trauma inflicted on the publics perception of ever-escalating real estate values, will the San Diego real estate market snap back anytime soon. If you are interested in reading the full article, please visit: http://knol.google.com/k/bob-schwartz/2009-san-diego-real-estate-predictions/3imm48dqye6u3/5#
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