Comments on: 6 Reasons Why Downtown San Diego isn’t Over Built

By: Denny Oh

Denny Oh — Mon, 02 Feb 2009 19:17:49 +0000

Hey Doug,

For someone who thinks I’m an idiot, you seem to spend a lot of time on my site…aren’t there any better blogs out there?

Going back to your question though, sure there may have been a bubble. That doesn’t mean that downtown San Diego is/was over built. I still think there’s tremendous value downtown and that buyers are getting incredible deals. I doubt that even you could argue that downtown isn’t a great investment.

By: doug

doug — Sun, 01 Feb 2009 09:19:24 +0000

Denny

In hindsight, now that it is painfully obvious, can you at least say there may have been a bubble?

Doug

By: Denny Oh

Denny Oh — Sun, 24 Feb 2008 21:30:26 +0000

The UT is notorious for slamming the market and then ending it’s articles with the “but it’s not that bad” statement. My take is, if you see something you like, why not let me try and get it for you?

If I can’t negotiate the price and terms you’re happy with, what have you lost?

By: Mike

Mike — Sat, 23 Feb 2008 01:33:35 +0000

BTW…congratulations on your blog. You present some good information about the Downtown San Diego Real Estate Market. Exactly, what are buyers waiting for? You hit it on the nose when you said that Doom and gloom makes for better headlines. Often times the Union Tribune articles will post good information and statistics, only to have them overshadowed by a general negative tone in the writing. The “perception” of what is going on has created a “buyers” market where people are unsure of what to do. It comes down to Econ 101…supply and demand. The fact is, this is a great time to buy…not a great time to sell. Money is cheap again, and the inventory provides some good choices. As we go thru the year, I suspect that most of the “valuable” units will be picked over.

By: Denny Oh

Denny Oh — Fri, 22 Feb 2008 18:46:21 +0000

Very true mike. We have Mexico to the south, Camp Pendleton to the north, desert and mountains to the east and of course, about 70 miles of coastline to the west.

Downtown is young, in it’s teenage years, and finally at an affordable price point again! People complained that home prices were too high to ever be able to buy a few years ago and now they have an opportunity.

What are they waiting for? The newspapers to tell them homes cost too much?

By: Mike

Mike — Fri, 22 Feb 2008 15:27:39 +0000

San Diego isn’t going anywhere but up. Literally, we are almost out of buildable land so all construction will have to go vertical. The communities of the future will be the loft and condo buildings, cities within cities. There is so much infrastructure being developed that will only raise the value of Downtown San Diego property in the future.

By: Denny Oh

Denny Oh — Wed, 26 Dec 2007 22:57:32 +0000

Thanks j lester.

Pt. Loma is also a great area – only a few minutes from Downtown, great views(depending where) and you get a yard! How much did you put down? Downtown units require about 30% down to break even – depending on what you’re buying that is…but you can get some great rents in the “city” as well.

By: j lester

j lester — Wed, 26 Dec 2007 19:39:03 +0000

There are some good deals in SD – The City ain’t one of them now.
Picked up a Point Loma, ans they rents are A+.
Be careful y’all.

By: Melina

Melina — Thu, 20 Dec 2007 16:45:43 +0000

very interesting. i’m adding in RSS Reader

By: SanDiegOh » 6 Months as a New Blogger

SanDiegOh » 6 Months as a New Blogger — Fri, 16 Nov 2007 23:46:28 +0000

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