[quote=poorgradstudent][quote=flyer]Have lived in RSF for years, and, yes, there are a lot of homes for sale right now. As mentioned, many things could be going on, but, most people we know who have been here as long as we have or longer are fine, and never plan to move, but the nouveau riche do tend to come and go in cycles.
It does seem that many are unprepared to stay in San Diego through retirement, so it’s not too surprising to see this happening. We have investment properties here and elsewhere, and have noticed there does seem to be a growing demand in less expensive areas around the country.[/quote]
Considering how high home prices are right now, it wouldn’t shock me if some of the Smart Money is looking to cash out.[/quote]
Yes, that was my thought as well. The current RE bubble (probably near peak) and the water issue would certainly push some people off the fence.
