Contractors are either very young renters or have young families that live in places like Temecula, Marietta and Escondido.
I don’t see sequestration having an effect on real estate sales in San Diego.[/quote]
And that’s why Temecula is so much more vibrant than San Diego.
My dad has lived in Point Loma for more than 30 years (near the fresh and easy which used to be lucky’s), and it’s like the walking dead around there.
Inventory levels in Temecula are very low right now, about 70% lower than this time last year (which was already low).
20+ offers on a house in the 250k-300k range not uncommon at all.
Most of my co-workers live in San Diego, a few of us live up in Temecula and beyond. On the other hand, most of my co-workers who do live in Temecula do you have younger families.
Sounds like I may need an exit strategy.[/quote]
paramount, I’m not sure where your work location is (SD County?). If it is, you and some of your co-workers have made a choice to live far from work and commute.
There was never any need to do so as there are plenty of listings (yes, even SFR’s) in SD County which are under $350K. Some were even that cheap during the “millenium boom!”
I take it from your post that you are originally from Pt Loma? I’m very familiar with your dad’s area.
Why do you think it now looks like the “walking dead” around there? When I go there, I see plenty of strollers and youngish families (not particularly Gen Y), especially at Kellogg Beach, OB and Dog Beach. Perhaps some of those families are only visiting for the day or live in the military housing there.
If you were raised there, you must know that PL is a wonderful community to raise a family in! Besides nearby OB, there’s also plenty of organized recreation there for young kids.
Had you purchased a cosmetic-fixer property there 10-12 years ago (when many were still available), you would have likely had far more equity today than you could ever obtain by buying properties in Temecula. PL values were affected very little by the RE crash of 2008 :=]
I always remind myself of these facts but did not have any choice in the matter on where to live at that time :=[
Due to current “low inventory, perhaps you can fetch enough from the sale of your properties in Temecula in 2013/14 to move back down to SD County :=]
