I believe anywhere most people want to live in prime areas of CA (SF, SD, LA) are already priced out for most kids that are graduating and growing up…
Heck, most of these areas are out of priced for working professionals
Sure, you have less desirable areas and maybe people should reset their expectations, but I’d recommend kids just move to cheaper areas and start their lives instead.
Sorta like if you grew up in Hawaii, you LEAVE since there’s no way really many jobs will allow you to make a great living compared to most places on the mainland…to save for buying a house, raise a family, save for retirement, travel, etc…unless you factor in family wealth/help again.
Personally, if I owned a lot of real estate in prime areas, I’d rather the prices just keep going up to insane levels and kids be damned, they can just live in a rental I own or they can move and learn what it’s like to not get everything handed to them (I have family who lives in one of their parent’s home)…
As bad as it is, I think a lot of people just rather do financially better and have more options than see low cost high density real estate…
I expect to eventually leave SD honestly…(immigrant anyways to US/SF/SD…) Not tied to this area or most areas really.