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Quietly and without notice, a sad chapter for a University City neighborhood has in a way, ended. Two homes destroyed by the crash of a Marine Corps fighter jet in December 2008 have been rebuilt and occupied. The catastrophe became an international news story with the accident investigation ultimately attributing the event to a mechanical failure and ground personnel negligence. One family has returned to their home after multiple years away in a rental. The other Cather Avenue home, where four family members tragically lost their lives is now occupied by a new family. A real estate website now lists the beautiful new homes at a fraction of the value of nearby properties, perhaps not updated, indicating the value of the land alone. Overall, the value of area homes ($500-700K) do not seem to have been negatively affected by the accident; instead closely tracking the rest of San Diego’s fluctuating real estate market. Very soon after the accident however, a number of sale signs were spotted throughout the area. It appears 21 area homes were sold in the immediate area of the accident during last 3 years.
Quietly and without notice, a sad chapter for a University City neighborhood has in a way, ended. Two homes destroyed by the crash of a Marine Corps fighter jet in December 2008 have been rebuilt and occupied. The catastrophe became an international news story with the accident investigation ultimately attributing the event to a mechanical failure and ground personnel negligence. One family has returned to their home after multiple years away in a rental. The other Cather Avenue home, where four family members tragically lost their lives is now occupied by a new family. A real estate website now lists the beautiful new homes at a fraction of the value of nearby properties, perhaps not updated, indicating the value of the land alone. Overall, the value of area homes ($500-700K) do not seem to have been negatively affected by the accident; instead closely tracking the rest of San Diego’s fluctuating real estate market. Very soon after the accident however, a number of sale signs were spotted throughout the area. It appears 21 area homes were sold in the immediate area of the accident during last 3 years.