San Diego Housing, A Cushion for The Next Recession

Is the market going to crash? My answer…

It should have, at least in my opinion it should have at the beginning of 2018. What saved us then was the business tax rate decreasing from 35% to 21%. It freed up a lot of money and kept the markets going. But now it is 2020, so…

If you are out of the area and own a property here…and have thought seriously about selling, then this is a good time to sell. If you live here in San Diego and own your home, it may be a good time to sell if you are moving out of the area or if you are intending to upgrade and buy another home.

…and February is the new Spring for both sellers and buyers, but Why?

With the over 1 Trillion dollars in student debt that is seeing alarmingly high defaults, as well as extremely high consumer and business debt, my outlook is that the stock market is bound to crash soon, September at the latest, which is usually closely followed by a real estate crash.

Sellers, this means you’ll want to sell now in order to sell for a higher price with less market time then in the Spring and avoid competition from other home sellers.

Buyers, this means you can buy now and get better deals due to lower competition from other buyers. Don’t deal with the same challenge that has happened in San Diego for the past 7 years with no end in site…that is the challenge of low inventory! Outsmart other home buyers and buy now with less competition.

Analysis for San Diego property sellers: SELL NOW as the high pries are a sure thing.

The Graph Below shows how ripe we are for a correction in the economy! But even if the economy slows prices won’t see as drastic of a drop compared to the last market correction!

For Buyers, suggest to buy coastal and or buy with a long term strategy to live in and hold the property for at least another 5-6 years. Rates are RIDICULOUSLY low…still! So if you are looking for a place to buy and live in, do it now while rates are low, as even if prices go down a little, interest rates will surely increase. The only thing good about that is more inventory, but you would have lost the excitement of living in a house you own and the tax advantages that come with it…but your landlord will certainly love you while you wait for that so called ‘slightly better deal’ which could be out there in another 2-3 years.

Want clarity as to your options for San Diego property and find out about property that most agents and buyers don’t know about?

Our 10 minute conversation can save you thousands and eliminate future stress!

As Your Resource for Everything Real Estate Related,

Reach me by email or by leaving me a message via phone.

PS I read all my emails so send me your real estate questions!

In Service,

Brad Brinkman and Dave Criddle 858-225-7385

Meeting with Dave and I will Give You A Clear Picture of All Your Options So That You Feel You Are Making the Best Decision!

Brad and Dave at the Beach Seller got our PB two on one under contract quickly . They stayed on top of deadlines, handled any issues that came up immediately and we closed as contracted. I sold real estate in my younger years, and it was a real pleasure to work with these two! They are consummate professionals! Thanks guys for making this so painless and ending my 40 years of land lording! On to the next chapter.

R Lewis Seller in Pacific Beach

All info is from SDAR San Diego Association of Realtor Data and Statistics

Check out more stats here: https://www.sdar.com/fast-stats.html

BradBrinkman.com

The Beach Seller

Over 500 Homes SOLD Since 1997

Author of Three Books in the Real Estate Survival Guide Series Published on Amazon and Kindle

I currently have no SPAM. If you no longer wish to receive my proven successful market strategies and updates, then Unsubscribe, Thank You!

Brad Brinkman, The Beach Seller, Inc. 4155 Mission Blvd San Diego, California 92109 United States (858) 225-7385