[quote=sdrealtor]My neighbor went to Idaho. He complained about all the things in CA he didn’t like. Truth be told he made money here he never would have made anywhere else and now doesn’t want to pay taxes or give back to the system that made him wealthy. He sucks. I’m glad he left
Utah is growing on the excess overflow of CA. If CA suffers Utah is toast. There is nothing unique or remarkable about it other than a few national parks[/quote]
sdr, you often make some good points and add useful data to Piggington. But sometimes your emotion shows and you get too catty or irrational.
“If CA suffers Utah is toast” for example. The data is clear that as CA deteriorates, based on many metrics, people flee to other states. So what exactly do you mean?
Also, you dwell on the past and project it into the future. Yes, CA RE in the past outperformed most other states. Right now, CA RE has the veneer of prosperity, as do most other states and cities due to COVID handouts and temporarily low interest rates. But the policies are in place to make the big cities of CA less livable in all except gated communities. The sugar high SD RE is experiencing is due to an outflow of the wealthy from the Bay area and LA. When combined with our limited land to expand and our silly environmental regulations, of course existing RE goes up. But SD is following the policies that made those two coastal cities crappy, so we will follow in their footsteps.
While you dwell on current and past data and anecdotes from your own experience as a broker, I am bringing up underlying trends that will loom large in future RE values.
That said, I enjoy your solid data about North County Coastal and Mira Mesa Monitor.