Reasons why a San Diego real estate bottom may not equate to San Diego real estate appreciation:
A. Very high unemployment rate in California.
B. California state government's massive debt.
C. More people are leaving California than moving to California.
D. 60% of Option ARMS (worth approx $750B in loans) of the entire nation are within California, the fact the majority of these loans will recast within the next 2-3 years.
E. Only about one in five can qualify for the average San Diego home (and that's after prices have already dropped almost 40% from their peak).
F. The myth of ‘you can’t lose investing in real estate’ has been broken.
G. San Diego recently has seen a softening in the rental market. San Diego MLS listings
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