meshugy: why are foreclosures rising in San Diego?
Meshugy,
I am very interested in hearing your explanation as to why San Diego has been seeing a rise in foreclosures, and general weakness in real-estate (e.g. rising inventory, lower sales numbers, etc)? Is the San Diego region's economy generally weaker than Seattle's? Does it have lower median incomes than Seattle?
I have ready many of your comments as to why the real-estate market won't turn down in the Seattle area, but most of those arguments would seem to apply to other regions (like San Diego) as well. So it would be very interesting to understand why you feel the situation in a place like San Diego is fundamentally different than Seattle, which would allow them to have a downturn, but leave us unscathed.
I am very interested in hearing your explanation as to why San Diego has been seeing a rise in foreclosures, and general weakness in real-estate (e.g. rising inventory, lower sales numbers, etc)? Is the San Diego region's economy generally weaker than Seattle's? Does it have lower median incomes than Seattle?
I have ready many of your comments as to why the real-estate market won't turn down in the Seattle area, but most of those arguments would seem to apply to other regions (like San Diego) as well. So it would be very interesting to understand why you feel the situation in a place like San Diego is fundamentally different than Seattle, which would allow them to have a downturn, but leave us unscathed.