Great post and I feel the need to chime in as well. I would like to think I am still a 20 something, but I am actually 31, but at least I have recent memories of that decade! Anyway, I am married with two kids and make over 80k a year in sales, and as you may have guessed, I STILL cannot afford a house in San Diego. We currently live with relatives and are trying to determine our next move. For anyone out there who is worrying about the next generation of buyers, you should worry about people like myself and anxvariety. My wife and I are both college educated, and I am also a former military officer who wants desperately to buy a home in a decent community with good schools where I can play an active role in the community, assume leadership positions etc. We live in an area that fits the bill right now, but prices are an insane 800k-1Mil, and you wont be surprised to hear that there are only families with children aged 12+ here because they all bought when prices were cheap. People should be worried about families like ours not being able, or willing to afford their homes and condos being flipped for insane prices, but they should have a more urgent concern as well. Increasingly, the most logical choice for families like ours is to simply leave town! We recently flew to Colorado for this very reason – to check out jobs and housing, and at the airport happened to sit next to another young couple from San Diego. They were both consultants and had just purchased a home in Colorado Springs. They couldn’t deal with housing prices in SD anymore, and felt no hope of ever being able to afford, so they moved. Before you stop reading, consider this…ALL of our friends are seriously considering moving away from San Diego, save a few who happen to be wealthy enough to have mommy or daddy buy them a house!