Though the California real estate market is definitely going through one of its tough phases, the increasing number of homes included in San Diego foreclosure listings does present some potential opportunities for real estate investors and home owners seeking the take advantage of a number of properties sold less than its real value. The city is considered quite a beautiful place to live in, with lots of sunshine and long stretches of beach perfect for an outdoor-oriented lifestyle. Among the popular recreation in the area is surfing, skateboarding, hiking, and biking. And if these features weren’t enough to convince a potential buyer to acquire properties included in San Diego foreclosure listings, add the decreasing crime rate and the ongoing process of urban development the city is going through, and you have the most ideal location for living and working in. Much of San Diego’s economy is geared toward biotechnology, with lots of research facilities and pharmaceutical companies establishing their headquarters here. The Navy has its largest fleet docked in the waters of San Diego, while several other government facilities call this city home. Consequently, many defense contractors have made the decision to make their headquarters in San Diego, just like General Atomics did.
Though one would be hard pressed to find a home below the $100,000 price mark in listings of San Diego home foreclosures, a lot of properties are available within the $200,000 to $400,000 price range. Potential buyers attracted to the affordable prices of foreclosure homes would also get to experience the considerable Hispanic influences on the city, manifested in historic buildings and culture. Sites like the Spanish missions and the Balboa Park are popular tourist destinations, while the metropolitan center enjoys a thriving art scene. Its proximity to the sea has made the city a popular mecca for surfers and other water sports enthusiasts. These and more has encouraged the average American to search and acquire properties through San Diego foreclosure listings to experience living the typical American dream without necessarily having to break the bank.
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