[quote=no_such_reality][quote=bearishgurl]
Couldn’t have said it any better myself …. except for one caveat. In SD County, we already DO currently have hundreds of “affordable” residential listings within 20 miles of job centers. The areas they are situated in were “affordable” decades ago and are still “affordable” now.
[/quote]
Minor nit, with 1.1 million housing units, you don’t hundreds, you need ten’s of thousands.
Owner occupied housing vacancy in SD is 1.9%. Owner occupancy housing is 591,000 units. At a reasonable turnover rate, you need 85,000 sales a year, or just over 7000/month.[/quote]
I was going to say,
And the next 4-6 million people SD expected is to grow will fit where?
