Housing Bubble 2: Return of the Ugly

San Diego: City of small "starter" houses built 60+ years ago that haven't been repaired or upgraded since. Expect asbestos, no insulation in the walls, rusted and cracked cast iron plumbing, failing and dangerous wiring, crumbling exterior stucco, water damage in the bathrooms, dry rot in the exterior wood, all for well over $1mm. Oh and your nextdoor neighbor has been living there since the 70s and is paying about $80/mo in property taxes.