Lots of fun anecdotes here about skateboarding, baseball cards, and relocations of rich people to San Diego’s coastal areas. But yesterday a factoid came out from the Hoover Institute of Stanford University that is more relevant to RE trends. CA has lost more businesses to other states so far this year than all of last year: 74 so far in 2021 vs. 62 in all of 2020. So the exodus of people (as per Census Bureau) and businesses is accelerating.
San Diego’s advantages for the wealthy elite will always make it a destination for the refugees from LA and the Bay area, pushing up prices in desirable neighborhoods. But it is still in CA, where governmental policies continue to drive away businesses and people.
