She’s Left You For Good — San Diego Real Estate Market No Longer Your Sweetheart
Posted @ 12:58 pm - Filed under Builders, Investment Lessons, Market Correction, Real Estate Investing, Real Estate Markets, Retirement, San Diego Property Owners, Weekend Thoughts
The San Diego real estate market has been courted by investors since I’ve know what a real estate investor was. She’s always been a flirt, but when the chips were down, she’s been there for you. Now she’s singing a different song, one you’ve never heard. She’s changed the way you think of her, and the worst part is, she doesn’t care.
Has your retirement Plan been put on hold while you wait for ‘normal’ to resume? Normal isn’t coming back — it’s being redefined by the pretty lady you’ve always loved — San Diego’s real estate investment market.
How many ways has she chosen to break your heart?
By swaying developers to build everything and anything but residential income property. By allowing existing income units to age for the last 20 years without providing new product. By ensuring over time your units will require huge down payments just to break even. She’s deliberately allowed neighboring states to compete effectively against your product. And maybe worst of all — she’s made these changes permanent. She’s still leading you on, making you believe she’s still your girl when she hasn’t been for a few years now. Lies are the only way she keeps you hanging in there, hoping against hope she’ll come back to you.
Show her she’s not so smart, and you won’t believe anything she says. She’s long gone, walked away, and isn’t the least interested in coming back. Developers know this, and have for some time. They haven’t built residential income properties in any kind of numbers that matter for the last 20-25 years. They’re her new love — you’re already forgotten. Don’t allow her to keep you here with her lies.
The San Diego real estate investment market has left you. The sooner you acquiesce to that reality, the sooner you’ll be able to adjust. Your birthdays are gonna keep comin’ and goin’ whether you adjust or not. She ain’t comin’ back. There are more fish in the sea.
Leave her — she left you long ago. There are others who want your capital and will treat you the way the San Diego market used to. Make the move — contact me — I’m a great matchmaker.
For those who remember this song when it was new, notice the ‘go-go’ dancers. They’ve sure evolved since then, haven’t they?
This entry was posted on Sunday, April 13th, 2008 at 12:58 pm and is filed under Builders, Investment Lessons, Market Correction, Real Estate Investing, Real Estate Markets, Retirement, San Diego Property Owners, Weekend Thoughts. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
