“flyer, your kids grew up inside the covenant, no? Do they and their peers (who also may have grown up inside the covenant) feel that they must have a comparable home in a comparable area for their first home? You’ve posted several times in the past here that your kids’ HS friends and your friends and neighbors’ kids became highly disillusioned and depressed because they were unable to land a job in their fields in SD after graduating from college so I was just wondering if they expected that they would be able to have their first home inside the covenant”

Yes, BG our kids grew up in RSF, and we’ve now been here for over 20 years. Along with our other investment properties, we invested in homes in CV for them many years ago. One still lives there, and the other two have kept their homes as rentals, since their careers took them elsewhere in CA.

Since we were in a position to do so, we tried to give them an edge in the real estate market, and this planning worked out well for them, but they clearly realize they were not entitled to any of this, and are very appreciative of our efforts.

In most of the cases in which their friends have wanted to stay in San Diego to pursue their desired careers and buy homes, but were unable to do so, they and/or their parents were not able to take the steps we took, so, in order to make use of their very expensive degrees, they have had to relocate, and not by choice.

I don’t know if these young people expected to easily walk into a life similar to what their parents provided for them with little or no effort on their part, but it does appear that many of them may have, based upon their disillusionment.