As one of the most exciting and prosperous housing markets in Southern California, San Diego is sometimes subject to hearsay and misinformation that can devolve into myth status. Here are 4 myths about downtown San Diego that prospective homeowners should learn to recognize and ignore.
1. Downtown San Diego Is Always a Seller’s Market
San Diego is one of the most stable housing markets in Southern California. There is some very desirable real estate in downtown San Diego, but sales activity has not always favored homeowners. In 2010, the market leaned heavily in favor of buyers, and it stayed that way for several months.
2. There Are Mysterious Restrooms Under the Horton Plaza Fountain
This luxurious and historic San Diego landmark is the subject of many myths. There used to be restrooms below ground level near the fountain many years ago, but they are gone these days and they were never directly underneath the fountain.
3. Renting in San Diego Is Too Expensive
According to a 2016 CNNMoney survey, the most expensive rental zip code in the U.S. is located in Lower Manhattan. San Francisco, San Jose, and Los Angeles are all also more expensive than San Diego.
4. San Diego Attracts Too Many Homeless Residents
This myth was dispelled in recent years by officials from the Regional Task Force on the Homeless, which estimated that 70 percent of individuals who lack housing or shelter are local residents who have fallen on hard times. San Diego is very proactive in providing shelter to those who need it.
One statement that’s never been made into a myth about downtown San Diego: it’s a great city to live in. There’s never a shortage of fun things to do, and there are a wide variety of attractive condos, penthouses, and lofts in downtown San Diego. If you’re searching for properties such as these, reach out to the real estate experts at 92101 Urban Living. Call 619-649-0368 today to start the search for your downtown dream home. ')}