So the housing bubble burst and people are wondering how they are ever going to refinance and keep their over priced condos except

Star Point Properties LLC, who are based in Beverly Hills and just announced:

a $100-million acquisition program that targets San Diego and the surrounding areas for 2008. The first acquisition is a circa-1924 apartment building located in the Hillcrest area of San Diego. The 58-unit complex, located at 1571 University Ave., sold for $6.2 million.

I've said it before, I'll say it again, pretty soon LA will be completely obsolete as you can just go to "Little LA" AKA San Diego. Welcome to the city, Star Point Properties LLC.