[quote=FlyerInHi]BG, Vegas recovered better than San Diego, from the bottom. The operative words being “from the bottom”. Same goes for riverside and San Bernardino counties. The returns are wonderfu, if you had bought at the bottom.
I love the Strip in Vegas. The crowds of people and the excitement. MGM will start charging for parking because they can. Tourist traffic is up. They are talking about light rail along the strip and to the airport. I bet they will accomplish that before San Diego because they learned the lesson from the crash and they need to diversify the economy. I like it here. A lot of the news articles you read are based on comparison to the peak. It’s a different story compared to the bottom. Happiness and satisfaction is all about perspective.
Anyway, I’m lucky to have choices. I like to be on the move and I can go back to SD when I feel like it.[/quote]
I suspect that a lot of LV’s population influx from SoCal in the past decade has been from residents who were renters in SoCal and felt they would never own a home if they stayed. OR residents who over-borrowed on their longtime home or bought it at the peak and lost it to foreclosure or short sale and wanted a “fresh start” (especially from the inland empire where the real estate values really got hammered during the depths of the recession). In the ensuing years, many were able to raise their credit scores enough to buy something in Clark Co, NV. Now, if they wanted to come back to SoCal, they likely wouldn’t make enough off their LV-area home for a downpayment to re-enter SoCal because the values have completely rebounded or more than rebounded in most areas.
