More flexible work I think has just made SD an option for far more well paid people than it was in the past. I think it is the overall best city on the west coast if you dont need to be in the largest business hub.

Will be interested to see how the SD real estate market performs in Q2 and Q3. If demand stays flat and inventory continues the upward trend, the prices should come down a bit. We are in the "wait and see" camp before we jump in and actively start shopping.

I think it’s to risky to buy real estate considering macro /global environment , yield curve, and potential for rising or persistently high rates. There’s a good Real Estate will go up in value. There’s also a good chance it will go down, we’re at the very least there will be more selection in one year Not sure how many people understand how mortgages rates are created

Good presentation of stats; however, inflation and interest rates are fluctuating to the point where demand is going to tank. Buyers, even the well-to-do, are forecasting an economic bust.

@DanPBestLifeSD

2 ай бұрын

I appreciate the comment, but I just don't believe that is accurate. Inflation is proving to be very difficult to get down, and I think people are really feeling it right now. But I also don't think demand can get much lower than it is currently. And it's fairly certain fed rates aren't going to go up. There will ALWAYS be a need for a certain percentage of people to buy homes. The best we can ask for is a slow increase in supply through the end of the year.

Love your channel man! Looking at redfin is a hobby of mine. I'm finally seeing price cuts all over the county and single family homes in the 600s and even high 500s (granted the 500k ones are usually dilapidated, but still that was a unheard of recently) I feel like this is indicative of a greater macroeconomic trend. Economies run on a boom and bust cycle. Doesn't mean every bust will be like 08 but its basically inevitable for markets to correct and the government really put off our last correction with spending and printing. Now that the Powells printer is drying up I feel like the logical next step is a dip. I honestly feel bad for those who bought into the hype at the beginning of the year expecting rates to drop this year. I hope they turn out ok because that was almost me. Keep up the work man. I'm curious to see how this turns out and I'm sure you'll be a primary source of information on it for myself and many others!

@MzJones-wo4oj

2 ай бұрын

600’s what neighborhood

@Yugiohplayer5

2 ай бұрын

@@MzJones-wo4oj I've seen some 600 in Lakeside and El Cajon, so not exactly high demand areas lol

@MzJones-wo4oj

2 ай бұрын

@@Yugiohplayer5oh ok I was wondering cause my 3 story 1700 sq feet townhome is estimated at 799k

Up. Geography of San Diego and inability to build. Migration Too much dry powder itching for a drop in the market or rates to come down will bolster it. Believe it or there’s a lot of money sitting that would love to pick up deals if the market crashed which would essentially just lock it up again. Buy now, hold it ten years, make a million.

Do you think this market is shifting? Crash incoming? If you're looking for more personalized advice or need help navigating the San Diego real estate market, feel free to reach out at info@bestlifehometeam.com or give me a call at 619-719-1122.

why cant the guy just 1031 the property and then he wont pay capital gains

@DanPBestLifeSD

2 ай бұрын

Because it's not an investment property, and because he's looking to purchase a property half as expensive and cash out the proceeds. I always suggest my clients speak to their CPA and/or financial advisor to see if there are opportunities to avoid the capital gains, but that would have to be quite a workaround on this one.