[quote=flyer]”San Diego County gained an estimated 11,600 residents through foreign migration but lost about 8,700 people due to “domestic migration” — individuals who relocated to other parts of the country — resulting in a net positive migration of about 3,000 people, according to the finance department.”
The Trulia article I posted may not have reflected the net mentioned above, but it’s still very interesting that we lost 8,700 people due to “domestic migration,” with a net of only 3K out of 11,600, and that’s just in San Diego.[/quote]flyer, I looked at the charts in your trulia article, which, IMO, were a bit confusing. I’m not seeing domestic “out-migration” from where I sit but my area is full of very well-established senior citizens and younger retirees who were/are longtime business owners, as well as longtime property owners. Some of them now have at least one of their kids working in the “family business.” I’m speaking of the “free-and-clear” personal residence crowd (which is present in every single well-established city in CA) who many also own other local properties, including multi-family residential and commercial.
I strongly suspect the SD out-migration figure in Trulia’s chart is representative of families with minor children who moved here in the past 15 years without the ability to purchase a home and thus never really got established here and/or they are straggling homedebtors from the “Great Recession of the Aughts” whose 5 and 8 year (exotic) Option ARMS recently reset to a level they couldn’t pay every month so they are walking away from their mortgages. In that case, they never should have purchased a home they couldn’t afford in the first place. Another reason younger residents move out of a CA coastal county is that they have unrealistic expectations of the type of living arrangement they feel they should be able to afford on their income(s) versus the reality of what they actually can afford and they end up shopping online in a distant, lesser-expensive locale, realize they can get the type of home (rental or purchase) that they want there and secure a job there . . . very often not realizing, of course, that there are other drawbacks to the new locale that they didn’t consider when making their decision :=0
In other words, you pay for what you get in this life.
I’m using “families with minor children” in my out-migration example because this type of household is most vulnerable to overspending and debt (I maintain that one can raise kids on much less than a lot of other people do), which leads them to a situation where they must make hard choices about their living situation. In any case, this type of household does not typically reside in the well-established, urban areas of SD County unless one or both of the parents in the household grew up in the immediate area.
