Jason Bernabei, TriCastle Realty
DEL MAR, January 9 2012 -- Goooood Monday Morning San Diego!!!! Did anybody catch the waves that came barreling onto our shores throughout this past week? One word: WOW! Gotta love America’s Finest City, just too many reasons why SD is where it’s at. And if you ask an industry type such as myself, the investment opportunities surrounding housing is at the very top of that long list (despite the fact that surfing was a major attraction in my decision to come west nearly a decade ago).
DEL MAR, January 9 2012 -- Goooood Monday Morning San Diego!!!! Did anybody catch the waves that came barreling onto our shores throughout this past week? One word: WOW! Gotta love America’s Finest City, just too many reasons why SD is where it’s at. And if you ask an industry type such as myself, the investment opportunities surrounding housing is at the very top of that long list (despite the fact that surfing was a major attraction in my decision to come west nearly a decade ago).
As I’ve alluded to in previous weeks on this blogspot, the economy and housing are so inter-related that you can’t accurately forecast one without considering the other. So what does all the “good news” of late surrounding improving jobs data mean? Well, first let’s examine what precisely the good news is. The mega payroll-processing firm ADP released new info, indicating that 325,000 new jobs have been added nationally in December, up from 204,000 added in November. The National Unemployment Rate has dropped to 8.5%. Indications are that the U.S. labor market is improving inch by inch. While these hundreds of thousands of new jobs add up to just a few drops in the bucket when considering the sheer amount of adults in the U.S., the trend continues to afford us a little optimism.
Could this mean a turn-around for housing? Could this be an indicator that this still-softening market may soon flat-line? Many experts think so. There are varying opinions on when, and for how long values will stagnate, but there is a growing belief that value stagnation is in the foreseeable future. And if that’s not a vague enough statement for you, I won’t ask you to consider all the considerations that go into forecasting the when, how, and at what expense, etc. that this economy’s prospects finally turn around. But one thing is certain, housing won’t turn around if the economy doesn’t. The encouraging jobs data reveals that we are pointed in the right direction, even though we still don’t know how long the road goes and how much bumpier the way will be. It is for this reason that there ought be BIG, BRIGHT, FLASHING NEON LIGHTS jumping out at anybody who is considering buying. There is still time to get a piece of America’s Finest City at a bargain basement deal. Pay attention to the economy, heed its hard lessons, and make 2012 the year you make a great investment by buying property on the low end, right here in SD, with a return on the high end somewhere down the long and winding road. And to those of my clients who are burning money every month on rent, please stop. Call me today and get some of SD while the getting’s good!
Give me, Jason Bernabei, a holler at jasonb@tricastle.com, and check me out each and every Monday at www.tricastle.com for more, and be sure to tune into “The Realty Insiders” to see myself, and our various local investors and rehabbers flip SD.
Jay’s Outlook:
Partly Sunny
Jason Bernabei, TriCastle Realty
