This probably gets argued monthly here. But it makes no difference if it is coastal or not. People who live in that zip code can only spend so much on housing. Living by the beach (if you call clairemont by the beach) doesn’t give you non-reportable income. . .
So either the place is swimming with imported retirees which in Clairemont I highly doubt. Or Californians are irresponsible SOB’s (this has been proven time and time again). .[/quote]
jstoesz, I don’t know about 92117 but 92111 IS “swimming with retirees” (of the domestic variety).
The numbers on this site refer to the average “market value” today, NOT what those retirees paid for them. The avg. (Mtn Street) L-shaped 4/1.5 or 4/1.75 cost $13K to $17K “new” in 1961, depending on sf, lot location (many canyon rim) and lot size/elevation. The average monthly “retirement incomes” for these households is probably $2800 – $4000 today (union pension + SS). The average “retired” homeowner in 92111 OWES NOTHING on their house and the average annual property tax they are paying is $675 to $800 annually, pursuant to Prop 13 caps.
Your site numbers are “skewed” and don’t tell the whole story.
