SD with perhaps a few exceptions you have simply enumerated the areas with the best schools in San Diego County. I noticed you didn’t put in Carmel Valley or Del Mar and I don’t regularly hear that San Carlos and Tierra have great schools although they certainly are steller locations.

I think people expecting a meltdown in these areas may be in for a long wait if it ever comes at all. Many of the areas you mentioned are either built out or the current building sites are undesirable. For example all of the new development that I know of in Scripps has a 1.5 tax rate (Stoneridge) and what about La Costa? Try 1M+ for La Costa Greens and La Costa Ridge only to be in the San Marcos School District. (I do think Warmington is doing some
homes soon in the 700k-800k range but again SM schools).

A lot of the recent run-up in these areas can be rationalized because of the
desirable schools and lack of new land to develop on. Folks looking for bargains during this next cycle may have to look at less desirable areas and think long term. In general follow the money.

I personally wasn’t willing to take a chance on say Ocenside and so loaded up the car in 2004 and headed to North Carolina where I currently live in one of the best school districts in the country. I can assure you if Encinitas or Scripps or even La Costa take a major hit I would likely be one of the folks waiting in line to get back in.