[quote=bearishgurl][quote=The-Shoveler]While I can see the exurbs taking longer to recover, over the long term in SoCal we are forecast to keep growing population at a fair clip. I think the exurbs will look a lot less exurbesh in 20 years.
SoCal is not quite Detroit either. The two are different, I think Shiller was painting with a wide brush.[/quote]
Re: the bolded stmt, this will only happen if a plethora of well-paying jobs move to the four CA “exurban-poor” areas as shown on the CNN/Money map.
Blue or white collar … doesn’t matter … the jobs need to pay a living wage and have benefits. For the most part, the families moving to these communities by necessity don’t have a gasoline budget of $400+ month for one vehicle.
I don’t think “retirees” are necessarily attracted to these exurban areas, unless they are originally from there (and I DO know some that are). Most “retirees” or “near-retirees” in CA that would consider moving for retirement already own a longtime home in a more desirable area of CA so would have no incentive to relocate in a “Cali-armpit” in the absence of family there.[/quote]
I remember when Poway was considered a distant burb. Heck – when I first moved to UC (as a kid in the early 60’s) it was a distant burb.
I also know retirees who raised their kids in San Diego, kids still live in San Diego, but sold and bought in Murrieta. Wanted a newer home, lower maintenance, quiter, less urban lifestyle.
