[quote=flu][quote=rockingtime]If they want to contain cost, they’d need to reduce their headcount in SD and increase # in low cost places like India/China
They can still keep their chip biz running with few k less engineers in sd.
A simple engineer in SD is no less/more than an engineer in China/India although a lot of folks here may argue against it[/quote]
The said focused group that are buying in said area I mentioned aren’t aren’t necessarily the local enginerd worker bees salary workerbees. In fact, if we haven’t already been priced out, a lot of us are going to get priced out really soon if this trend continues…
The bulk these 1:3 make up the 0.1% wealthy overseas, or if they are enginerd types, they are kids of parents overseas with sufficient cash reserves. To put the that in perspective… 0.1% of 1 billion people is still 1 million people…And when the economy does turn south overseas, those folks are going to have a pretty big target on their back…So I’m wondering if this trend is a flight to safety for them.
That’s why I’m considering the worst case scenario wrto what may happen to RE prices in certain areas/demographics, similar to what sort of happened in Vancouver, pockets in NorCal, and pockets in L.A. Up until recently, San Diego was under the radar so to speak. I’m not so sure now. I will say one thing though. I doubt these people will be looking in the low end. Maybe, North County is their definition of low end. Prices won’t go up forever. Where it stops though, that’s to be determined. And I’m not so sure it has anything to do with what us worker bees make here. It will be interesting to see what happens when interest rates go up. Though, I have some suspicion it won’t do that much in this group.[/quote]
Should be interesting to see if this plays out–making San Diego more and more unaffordable for more and more people.
