[quote]Biotech and Pharmaceuticals have major R&D centers in Torrey Pines area and Carmel Valley is their home. However, with oversea outsourcing of R&D going on, they will be greatly affected.

With the likely outcome that Demos sitting in both white house and capitol hill, I think the R&D outsourcing will take up a notch pretty soon.[/quote]

Most folks in biotech like myself got priced out a while ago. The ones who have homes are mostly those who have owned for a while already in areas older than Carmel Valley. High Tech relos would likely do more damage to San Diego RE due to higher pay for engineers IMHO.