Wednesday, April 2, 2008

Desirable Yes, Immune No

For years, people claimed that because San Diego was such a desirable place to live, local real estate was immune to price declines. We know how that turned out. Yet these days that same argument is often applied to San Diego&039;s more upscale areas.It seems, at first blush, to hold up. High-end San Diego homes have certainly weathered the housing bust far better than their lower-priced counterparts. This can be seen in last week&039;s Case-Shiller home price graphs, which sh[...]

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[Source: The Money Blogs]

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