Tuesday, February 12, 2008

Looking for some nice property in Point Loma?

The housing slump has hit all levels of housing, creating a unique opportunity for those looking for new housing. Although its effect on the lower-end homes has been remarked on, its effect on higher-end homes has been almost ignored. In San Diego foreclosures apply to all homes, even those on Point Loma.


Point Loma features some of the most expensive real estate on the West Coast. Featured in MTV's Real World San Diego, Point Loma is known for its golf courses and military presence (featuring both a naval base and the Space and Naval Warfare Center, as well as a cemetery for fallen soldiers). There is also the Cabrillo National Monument, which celebrates the Juan Rodriguez Cabrillo, the first European explorer to see San Diego Bay, which features the Old Point Loma Lighthouse. For those interested in more current affairs, there is also a Sports Arena, featuring anything from hockey games to rock concerts.


Point Loma real estate is family-friendly, but still upscale. With a population of just over 45,000, it has a small town feel, making it great for those looking for place to raise children. For families looking for the future of their children, Point Loma Nazarene University is on the peninsula. The military presence isn't felt as heavily as one would think, and adds to the feeling of security, both in terms of physical security and that there is a stable economic base.


At the same time, there is everything you would ever need nearby. There is plenty of beach; it is a peninsula, after all! For those interested in boats, the marina is known for its yachts. And you can find just about anything for sell in the Midtown District, which features almost every consumer good known to man. With San Diego a short drive away, with its own stores, universities, and sights. Just a little further away is Mexico, making Point Loma near just about anything you would ever want it to be near.


It's a sign of just how nasty the housing slump has gotten is that some of this gorgeous property has shown up on the San Diego foreclosure lists. Although there is more to Point Loma than just the swanker properties, and it is known for its seedier side, there are nonetheless a number of housing opportunities in the upscale parts.


There a number of foreclosure properties in San Diego, with a wide variety of options available. It's important that you not only inspect the property in question, but that you also spend a day looking at the nearby area, ensuring that the property is what you are looking for. After all, even with the slump, a home is still a home, and you need to feel comfortable in any house that you buy; you will be spending a lot of time there, and it just doesn't pay to be somewhere you don't like. Wherever you live should be a home, not merely a house.