My detractors here disagree with me mainly because I am looking at long-term trends in demographics, governmental policies by state, and COVID-influences on changing workplace choices by businesses and individuals. The current and recent bounce in SD prices and rents are due to its haven for escapees from the Bay area and LA, the sugar-high of temporarily low interest rates, its everlasting shortage of buildable land combined with nimbyism, and the ongoing appeal of San Diego for its weather and amenities. In future years these advantages will be offset by the differing governmental policies among the states. The exodus from blue states and cities to red will continue and likely accelerate. COVID-induced changes in the workplace has pushed people to outlying suburbs of all the big cities, but also prompted the high-earners to pick low-cost, low-tax areas and “check in” at the home office in the big city only when necessary.
These likely future trends are well-documented, and it is not surprising that many do not agree.
