[quote=flyer]It’s interesting to try to figure out “why” San Diego and CA housing prices continue to escalate in desirable areas, but, that said, “it is what it is,” and potential buyers need to evaluate things based upon their personal situation, and decide if they want to get into the game or not.
The largest group of “whiners” we have been encountering on this topic are those who have kids who want to find jobs and buy homes here after college.
Most of these folks are thrilled that their property values have skyrocketed, but, for reasons that escape me, they don’t seem to be able to understand why their kids can’t just walk into the jobs and homes they want, where they want them. Apparently, they didn’t plan for this eventuality.[/quote]
flyer, I think there are hundreds (if not 1000+) entry-level resale homes on the market in SD County at any given time. I do not feel that Gen Y suffers from a lack of available homes in SD County.
This group’s main problem is the substandard pay here in relation to the pay the same job commands in other metro areas of the state. This pay gap will never be closed, imho, partly due to a very porous international border (yes, thousands of “professionals” working in SD County live on the other side and thus can …. and will …. work for less money).
Unfortunately, SD’s “Sunshine Tax” is still alive and well after all these years and isn’t going anywhere.
