[/quote]I don’t believe the “scarcity of land in SAN” affects ALL millenials. Maybe a small fraction who are insisting on new construction for their first home.
We just had a new poster post on this thread last night (scottinob) who believes, as a millenial, that he should be able to buy or rent in the area where he grew up in. Essentially, he feels he should be able to live near extended family. Assuming arguendo that his screen name denotes his current area of residence (OB), this must have been the area where he posted he recently got a rent increase of $250 month. If OB (or nearby PL) is where he is from and his “extended family” resides, then naturally, he will not be able to afford to buy in there for his first home, unless he gets substantial help from family. He can shop for SFRs in nearby Linda Vista and Clairemont when he gets a downpayment saved up. The scarcity of land for new subdivisions in the “north 40 full of 1500 lb boulders to clear on a rugged, hilly swath of land east of Rainbow, 7 miles east of I-15 off Lilac Rd” does not affect this (native San Diegan) poster who may want to buy in OB! Whether or not the “suburbs of Valley Center” are ever even subdivided and developed … or not … is not going to affect the RE prices and rental prices in OB one iota.
Scott, please feel free to chime in, here. I’m just using your post for an example and the way I read it between the lines may or may not be accurate.
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I wasn’t talking about living in OB, I was talking about San Diego City and County as whole. Trust me I understand I can’t afford to buy at the beach. My point is that all areas are getting increasingly unaffordable due mostly to the lack of supply in San Diego city and county.
I’m looking to buy a house or condo. the rent increase was a wake-up call. I found this site while doing research into prices. I felt the need to join this forum and speak up after reading so many of your comments and anti-growth sentiment. I want you to understand that there are real people that affected by your anti-growth and anti-density mentality.
Density is good, and its the only reasonable solution. Look at the cities of europe and japan, they are much more dense, and quality of life is still good. We can be more like them if people are open to it.
