Sell? or hold and rent condo downtown San Jose

[Lenore C.]

Hi All,

We own a 2 bd/ba condo in a luxury high rise in downtown San Jose.  We purchased it when we lived up there, and then have had it rented for about 5 years. We are living in San Diego now and we are trying to get a sense of what is happening in the downtown area of San Jose.  I know there is a lot of construction starting for rental and sales of condos.  We were wondering if there was about to be a glut in the market and property values and rents would go down?  Or if San Jose downtown would finally become a more desirable place to live and property values would start climbing?  I was wondering if anyone who is up there has a feel for the direction things are headed in the downtown area?

Thank you!