[quote=CA renter]I totally understand what jp is talking about.

Yes, you can pull purchases forward by opening the mortgage market to people who wouldn’t have been able to buy until later in their lives, hisorically-speaking.

I bought in early 1998, and was not competing with other buyers. San Diego was not “unknown” back then. “The rich” have known about San Diego for a long time. La Jolla, Del Mar, Carlsbad (esp. La Costa area), RSF, etc. have been known to the BIG money crowd for many decades.[/quote]

I don’t doubt the rich have known about those areas of exclusivity… I’m more referring to main stream upper middle class (folks that still depend on a W2)….When did the techie/lawyer/biotechie dudes first start cropping up here? Wouldn’t you agree there was definitely an influx of these people starting around 97 onward? Aren’t these upper middle income folks the same people that would happen to be buying in places like CV, Carlsbad?
(These aren’t exactly the folks looking in LJ or RSF or DM I would think)…