[quote=Eugene]There are 80 or so large high schools in the county. Of these, SRHS is currently #8 by test scores. That should create enough of a drive to keep prices high. Many original owners are sitting on 400-500k of equity by now, it’ll be 600-700k ten years from now … faced with a choice to keep maintaining a big expensive 4br occupied by two people, or moving into a condo in Del Mar, many will cash out and move.[/quote]
the prices in Scripps proper will likely remain out of reach due to both the schools as well as the folks with equity that don’t want to “give it away.”
you think these folks would cash out and move. my problem with that theory is you can’t find enough new families that can afford their price. therefore these folks end up staying put.
remember, there’s a lot of newer and nicer homes in PUSD nearby that are enticing well to do 30-40 somethings of today. faced with established Scripps homeowners that won’t “give it away,” they’ll just pick PUSD locations that have more distress and therefore better bargains.
