I look around and ask myself where are the well paying jobs going to come from? Consumer debt is at all time highs, the major driver to our economy is too far in debt and too many without jobs at all, let alone good jobs.
Our leaders seem to have no plan for future job growth and with the consumer tapped out and debt of every kind up to our eyeballs, another credit driven bubble at the consumer level seems out of the question.
Lot’s of smart people are calling for sustained high employment for a very long time and falling wages (supply and demand will do that).
Love the cycle theory though.
What’s would a deflation based, 2025 price prediction for the SD median home price look like?
I know San Diego is preferable to Florida in many ways, yet for me that is one of the most comparable markets (weather, recreation, beaches, life style) the devastation in the RE market there is my precurser to SD prices (with a SD premium)
