BG, It was the older commercial districts I was referring to. The older cities in SD county had them (La Mesa, Lemon Grove), as opposed to the suburbs that didn’t (Clairmont, Allied Gardens). I’m not sure why I even brought it up.
I don’t know a single development name in the newer part of Chula Vista. I’ve driven through the area maybe a dozen times since eastward expansion started 25 years ago. It was just my probably unqualfied observation that there is a pretty large price point mix. Even after your comment, I’m not sure if it’s mostly lower or mostly higher price points.
I guess where we really differ is how much the CFD’s contributed to the problems. Surely if the homes hadn’t been built, it would have been a non-issue. But it was the lenders making all those loans. And the builders facilitating. Should the cities and municipalities that approved the CFD’s known what was going to happen? In hindsight it looks pretty obvious. But in 2000-2004 when many of them were approved? I don’t know the answer to that. By the end of 2004 I was pretty sure that absorption levels were going to be an issue by 2007, and the state would be overbuilt. But I had over 3,000 hours in my project studying it, and it was done for builders, not cities. I’m not sure they should have known just because I did.
That doesn’t mean I don’t think there weren’t foolish mistakes made.
