I guess if you consider the quality of life in 92024 in the 90’s it probably wasn’t really under-priced. But given its choice location it was certainly ripe for major appreciation as it got flooded with new money. The people that saw this and had the $$$ back in the 90s made out good even if they didn’t sell at the peak. They locked in a low tax base and now have a phenomenal quality of life.[/quote]Yeah, the thing to remember is that everything in San Diego “appreciated” at roughly the same rate. Hell, even all the way out the Temecula Valley from what I’ve heard.
Again, I think this is somewhere in the middle. I think prices were on the low side in the 90’s but quickly went overboard in the 00’s.
