Thinking about buying a place in downtown for investment purposes...

With the way the economy is now, I want to capitalize on the low rates and prices of homes and purchase an investment property in downtown San Diego.

Anyone know if the downtown area of a city in general is a good investment location? Will prices in the area rise substantially in the next 10-20 years as opposed to a developed, well-established suburban area?

 

Going to depend on what City more then anything, also its going to depend on what type of growth the city it trying to generate. Generally speaking cities also go through phases were one part of the city is growing and being renovated/redesigned every 20 or 30 years.

 

The Hard Rock hotel has some relatively cheap, small studio's for around $100,000. I would think that location, being in the gas lamp as well as proximity to the convention center would be an ideal investment location.

Though, like any investment, you should only spend money that you are prepared to lose. No telling what the market will do here. Can almost guarantee we won't see the runaway prices like we did over the past 10 years or so.