It has been reported that, currently, over 40,000 people a year are moving to San Diego. If this trend continues, even to a far lesser degree, it would seem housing prices and availability are bound to be effected.
According to the articles I’ve read, many people are concerned that their kids may never be able to buy a home in San Diego–or even rent here–if they want to stay.
There’s only so much buildable land left to develop, and when it’s gone–it’s gone. On that basis, it will definitely be interesting to see how the last few possible projects like One Paseo play out over the next few years.[/quote]
Laugh, I’d say it’s already been happening for the past 10-15 years already. I’d say nearly EVERYONE I know has had family help in purchasing their home…Of course, these homes are all 700k – million plus. Maybe they don’t want their grandkids to live in da “poar” neighborhoods, but I’m amazed so many people has had help.
flyer, could your kids afford a place now without help? It sounds like they have good jobs and good connections, but saving for the down payment takes a bit of time.
