[quote=sdrealtor]The population has grown by about 1,000,000 since the mid 1980’s. The 100,000 units you referenced would not have begun top accomodate that growth.[/quote]
Year first CFD in SD County was formed was 1987
“Infill” units built on non-CFD land in SD County since 1987 (approx):
80K in 92108
8K in 92109
2K in 92104
.5K in 92116
40K in 92121
55K in 92101
.5K in 92102
4K in 92105
.5K in 91941
.5K in 92114
.5K in 91977
1K in 92113
4K in 92106
2.5K in 92173
14K in 92020
.5K in 91913
2K in 92124
+2K of finished student housing at UCSD and SDSU (which made former rentals available for rent or resale).
+1K finished family units at NAS Miramar (making rentals available)
+1.5K of finished bachelor(ette) units at NAVSTA 32nd St (making rentals available)
Total 220K units.
By no means is this all. And this is just in Metro/East/South SD County. I am not familiar enough with North County to list all those infill projects.
sdr, you made no mention of the consistently 12-20K of resale SFR and condo inventory that has been offered on the MLS since then, as well, which needs to be added to this “mix.” Plus all the rental vacancies.
Ask yourself why SD County “grew” by 1M over the last 23 yrs, sdr. Could it be because *newer* housing was available to buy?? Might these newcomer-workers or newcomer-retirees NOT chosen to take a position offered to them or retire here if *newer* construction was not available for them to buy??
SD County has 22 4-year universities. All but one existed in 1987. There was (and is) more than enough degreed labor in every occupation who were already SD residents, so many that there is not enough local jobs for them all. There was never any need for SD companies to recruit elsewhere (but this is a subject for another thread…lol)!