Here is something to consider. Over the next 20 yers San Diego will continue to import high net worth individuals and area like La Jolla and Del Mar will continue to expand. We have already seen Encinitas and Carlsbad real estate benefit from what I will call the La Jolla effect. Drive around Pacific Beach and every plot of land has the ability to be a million dollar home for an good contractor. Eventually this will be the case. PB will become unaffordable for anyone other tha the super rich and people will move to the South or to the East. If one were to speculate I would say that Imperial beach would have long tem prospects aswell. Why? Because people who have money will continue to come here for the climate. And unless they open up the Mexican border, or figure out how to push back the Ocean you are goingto be challenged to increase the supply of homes on the coast.
