While the general idea about San Diego condominiums is that there are too many of them, investors have been buying them for rentals – and in San Diego, that appears to be a good thing. San Diego’s rental homes have a 95 percent occupancy rate, and rents are expected to increase by at least another one percent over the next two years.

Spurred on by California’s 10,000 tax credit and the national $8000 credit, buyers are showing up to take advantage of bargains in the San Diego area.

The market still has a way to go, but with the glut of foreclosures on the market, buyers are looking for deals in the top San Diego neighborhoods of Hillcrest, Mission Hills, and Ocean Beach. The volume of downtown San Diego condos still is very high, which means more flexibility for the buyer.

Discovery at Cortez Hill is a luxury condominium situated in a residential neighborhood in San Diego’’s downtown. Cortez Hill is bounded by Interstate 5 to the north, Little Italy to the west and downtown, Petco Park and the Gaslamp District to the south. Sitting atop San Diego’’s highest point, residents at Discovery enjoy views of the San Diego skyline, San Diego bay, Balboa Park and the mountains to the east. Within walking distance are the shops and restaurants in Little Italy, the Gaslamp and Horton Plaza, downtown employment centers and …