I am looking at the possibility of purchasing a property in the San Diego costal area, however I wanted to get some feedback from people that know the economic outlook better than I would. Is it a wiser time to buy a property in this type of area at the prices that the homes are currently demanding? We would ideally like to make sure that we are not buying at a time when the prices are so inflated that our economy may not be able to hold the value and be stuck paying for a property that we can’t sell for anywhere near what we bought it for.
Will there be a better time to buy in the future if we can wait, or will the prices continue to rise?
Can our current economy support continued upward increase in value.
Just looking for some feedback for decision making and understanding what economically the future state of the investment would look like.