47% decline? How much was the appreciation runup? 100%,150%, 200%? If the market is going to become “affordable” to the “average” San Diegan 47% isn’t close.
While some(very few) areas of Clairemont are nice most is/was always lower middle class. Lol, so a 400,000 dollar home is “middle class”?
IMHO, it still comes down to basic fundamentals. The median income for San Diego single or family doesn’t come close to putting someone into a median priced home, in a relatively decent community, one where all the houses aren’t barred up.
