After giving this considerable thought, I have to agree 127% with Alex.
I just checked into it and realized that they aren’t making any more land here West of the I-5. Alex you hit the nail on the head !
I also looked at what happened during the last downturn in the early 1990’s. I discovered that back then the County Gov’t had a secret land manufacturing deal with some insider developer types, including some former gray-haired SD mayoral candidates. This secret process resulted in land actually being manufactured west of the I-5 in the early 90’s. This resulted in an oversupply of available land in the 1990’s and contributed to the decline in real estate values west of I-5.
Without this land manufacturing subsidy in place in, this time will be different and coastal properties will not decline in value.
Alex- thanks for bringing this wonderful topic forward and forcing us to re-think our positions.
Guess what, I also did some research and just realized that the coastal weather is an idyllic 75 degrees most of the year. Imagine that, room temperature outside. I also just heard that you don;t really need A/C west of the I-5. Just wait until that news gets out in the South or Midwest. People will move here in droves.
