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Updated over 16 years ago on .

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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,128
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Real Estate News & Current Events

San Diego "foreclosure sanctuary"?

Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorPosted

So, the city of San Diego wants to become a "foreclosure sanctuary"? Sounds to me like the likely outcome is that you can't get a home loan in San Diego. Prices plummet because there's no demand. Investors with cash buy up all the property. Anyone needing to sell a home takes a bath. Anyone who would like to sell, but doesn't have to, is stuck.

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