San Diego Housing Market News and Analysis
San Diego Population Grows Despite Continued Domestic Outflow
Submitted by Rich Toscano on May 17, 2010 - 7:50pm
Here's something we haven't looked at for a long time: San Diego population growth and migration patterns.
This was a favorite topic of mine back in the day when San Diego's housing bubble cheerleaders implied some sort of population explosion via their favorite catch-phrase, "Everyone wants to live here." In fact, San Diego's population was growing quite modestly at the height of the boom. And San Diego's supply of housing was growing faster than its population. And domestic migration was firmly negative, meaning that more Americans were moving out of San Diego than moving in. The mild population growth was in fact due to foreign immigration and, moreso, to new San Diegans being born. (My little joke at the time was that even Countrywide wasn't yet making home loans to fetuses).
But I digress. The point is that this once-popular topic has lately been neglected here at Nerd's Eye View. Let's have a look at the latest numbers:
continue reading at voiceofsandiego.org
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|* Rich Toscano is a registered representative of and offers securities and investment advisory services through Girard Securities, Inc., a registered Broker/Dealer, Registered Investment Advisor, and member FINRA/SIPC. Pacific Capital Associates is not a subsidiary or affiliate of Girard Securities. The views and opinions expressed on this site are not those of Pacific Capital Associates or Girard Securities, Inc. The information on this site should not be construed as investment advice.|