All:
Good point about UCSD enrollment growth. I checked SDSU’S numbers, but not UCSD. It always had a better academic record, and now has going for it a direct trolley, enabling students to live far away in cheaper neighborhoods. And as a Pacific coast location, proximity to Asian students plus emphasis on STEM subjects helps.
As I’ve always said, San Diego is the best of the CA coastal cities, enabling it to offset some of California’s disadvantages. And the UCSD neighborhood is perhaps the hottest of San Diego’s areas. So price trends there don’t necessarily indicate CA’s future.
PS: I once owned three condos at La Jolla Vista Townhomes–mostly student tenants. One I bought for $117,000 which Zillow now puts at over $700,000. I vaguely remember I happily sold at about $220,000.