Let’s revisit my claim of ‘ominous trends” for San Diego and CA I mentioned that got a lot of criticism. CA’s now declining population is a result of many “push factors” that are causing people and companies to make the very exensive decision to leave. Our taxes, utility costs, homelessness, and increasingly leftist government at the city, county, school district, and state level are driving this exodus. None of these trends show any sign of reversing. If you are in RE in any capacity, you know that your estimate of the future should determine today’s opinion and actions.
San Diego’s relatively good RE picture today may be largely due to the well-off buyers fleeing the more disfunctional LA and Bay Area cities, as others here have mentioned. But the same push factors are now becoming evident in SD.
People and businesses are fleeing the difunctional cities and states at an accelerating rate which could well accelerate if there is increasing civil disorder. Great weather and beaches are nice, but not enough for many people and businesses.
