Job change, company relocated me out here. Sold my house in another high priced market. I moved with intention of renting, learning the area, waiting out the bubble. I see a number of other folks doing similar things, many recent hires in my company are also playing waiting game. These are highly educated folks making > six figures. Many are also waiting because because they simply can’t afford the market.
I think that this data point offer a glimmer of hope for the long term real estate market in SD. Although there may be net outflow of people from San Diego, the ones that do come here may tend to be higher salaried, higher educated. When the SoCal Real estate market bottoms out in 2-5 years, we can all get back on the real estate rollercoaster here in SoCal.
