JohnAlt you don’t have to buy anything. Your own statement confirms what I said. San Diego as a whole simply is an expensive place to live. It costs more here and it will always cost more here. Conversely more people will be priced out of housing. In fact because of the climate more people will indeed spend more. It may not be important to you but it is to them. They will live coastal and those that don’t wanna spend that money will live inland or in condos.
That is the point of the entire post to begin with. There is only a finite coastal space. Those that want it pay. Those that hope for it to go down to their own level of affordability may get lucky but probably will not.[/quote]
I’m just trying to point out the fallacy of relying on anecdotal information coming from those who come into contact with a disproportionate number of rich people.
Of course the coasts will always be more expensive than inland. Nobody argues with that. And I’m not hoping it goes down to my level of affordabiliy. I know that’s not happening. I just think the coastal areas are not as immune to this correction as SDR thinks just because it’s more delayed than other areas. People with deeper pockets have more time to hold out “until the market improves”, but not necessarily enough time.
