Here’s a nightmare scenario. Prices rebound next year and steadily increase at a slow rate afterwards. How many thousands of you will flee the county once all hope is lost that prices will sink further? Today there is still hope of further declines. Once they rise steadily for a few years all but the most steadfast will give up hope of ever being able to afford a home. Some have already given up that hope – over 50,000 at last count. The rest are living in rented homes and condos while pulling 75+ a year in professional jobs, and a few blog here on piggington. This next wave of departures will become known as the next ‘great migration’ and will send the region into turmoil. Cheaper regions in the country will thrive, while cities like San Diego will start to resemble Mexico City with a landed white and Asian elite and millions of poor who will mow their lawns, build their roads and babysit their kids. Not to self: this transition is already well under way!
