[quote=sdduuuude]Thanks, FSD, for the clarification.
So, good discussion – lets hear your final answers – “Why is San Diego real estate still so expensive?”[/quote]
My final thought…
San Diego is an expensive place to rent because there are too many tenants with too much income vying for too few units. Rent levels and current interest rates put a floor on home prices (at least post-bubble) based on the ability to potentially rent out these untis.
