[quote=deadzone]No, seriously it isn’t even close in La Jolla (or PB, or Pt Loma, etc..). Recently things are starting to inch down, but still looking at 2003-2004 prices. The rent vs own comparison is no contest. Only reasonable prices in La Jolla (relatively speaking) are for run-down places, or on the landslide area of Soledad, or places with ridiculous (> $500) HOAs so the economics just don’t make sense vs renting.[/quote]

I think problem # 1 is you’re looking at the attached markets.