I would have to agree with Briansd1 and Ravinos that we are under some sort of illusion here that the San Diego area (especially coastal) is acknowledged worldwide as paradise and to own a home here is the ultimate real estate purchase.
Although it’s obviously got fabulous weather and amazing natural beauty (and happens to be where I will choose to live for a long time to come), there are reasons that people don’t flock here in droves, and real estate prices in other parts of the country hold up a little more consistently, even in a downturn.
I moved to Del Mar several years ago after owning homes in both Manhattan and Fairfield County, CT, and I can tell you that many wealthy and well-traveled people in those areas don’t even know that the north county coastal area exists. They spend their millions purchasing homes in Manhattan, the CT/NJ/Westchester suburbs, the Caribbean, the Hamptons, etc.
It’s a different mindset, and I often find it kind of funny that people around here assume that our real estate (as much as I love it myself!) is coveted and highly valued by everyone in the world.
