Long term view is good. As ugly as RE appears now, the fact of the matter is that nearly everybody I know who is in their late 40’s and older in the SD area, and has big money, made most of it thru real estate.
There are a few who hit big with qcom, a few who earned it simply from their jobs (I have a plastic surgeon friend), and a smattering of others, but the vast majority of ‘regular’ folks I know who did well attribute it to California RE.
I don’t know what lies ahead in the near future, but a lot of people have done very well in this state over the long haul with RE.
You have to go a long way east to get the Coronado, LJ, Del Mar, Solana Bch, Enc, Carlsbad scene anywhere else, if you can even find it on the other coast…
