It ia different this time because (1) structural changes to the economy reward cities like San Diego (2) demographic, economic, and political changes worldwide have led to permanently low nominal interest rates, new construction, and inflation.
Partly why we had a bubble in the first place: prices overshot the trends.
The 1999 Internet stock bubble was the same: it didn’t mean the Internet was a fad or a bad place to invest.
San Diego is great to work hard in and be retired in.
Work low stress 30 hour a week job? Not so much. Much of the rest of America is better for this, many family members in the midwest feel like you do, and they make it work because large nice houses cost $100,000 and basic apartments are $400 a month.
