I think the UTC area is a better value now than north PB, and has better access to high wage job centers for future appreciation. The buildings are newer too so lower costs.
I lived in north PB and really liked it there, very high level of amenities. But the RE there is just as expensive as La Jolla, though parts are in LJ school district. Driving from coastal north PB to the 5 or 52 was a long unpleasant slog that I would not do daily, but working from home there was idyllic.
I don’t have a great deal of confidence in this prediction, but I think the most likely scenario the next 2 years is inflation and rates drop hard starting this quarter and for all of 2023, but the economic weakness causing the rate drop keeps the housing market flat. Then starting in late 2023 prices resume rising.
