right, 30-somethings can’t afford scripps now. but they were able to before the bubble.
Scripps Ranch Village development in the 90’s to early 2000 added 4-5000 housing units to SR, assuming mostly 30-40-somethings purchasing at that time, that would explain why the 40-59 age bracket is so strong in SR now.
the question is where is this 40-59 bracket going? majority of them have the equity and would not need to sell. some of them would consider downgrading if the price is right, but I don’t believe we will see enough 30-somethings (even when they become 40-somethings) have enough earning power or down payment to satisfy this current 40-59 bracket’s asking price. the end result is these 40-59 group will just stay put and not move.
with no new housing stock within the SRHS draw area, you will see the decline in native Scripps student population when this current batch (from Scripps Ranch Village era) move thru the system.
