[quote=sdrealtor][quote=XBoxBoy][quote=deadzone]Long term, it will take strong growth in high paying industry to keep prices high here.[/quote]
Don’t count this possibility out. Suppose for a second that your are correct that work from home is a temporary thing. People who have moved here and then are told they have to report back to an office in LA or Silicon Valley. What do they do? You seem to assume they move back. I on the other hand assume they quit and start their own companies here in SD. Some of these companies will fail, but some will succeed. We could have the next Google, or Facebook, or Apple, here in SD. There is no reason those types of companies have to be in Silicon Valley.[/quote]
Exactly. Or two kids in a dorm at UCSD come up with the next tech unicorn. There are so many possible paths to this happening here. Not just one
And skateboarding is blowing up worldwide. The epicenter of talent and industry is right here in Encinitas. One more log on the fire[/quote]
Some of the people that relocate here clearly have plenty of fuck you money and never need to work again at a traditional “job”, especially from the bay area.
Irwin Jacobs started Linkabit and then Qualcomm here in San Diego because he liked San Diego. Talent pool came here.
I moved back from the bay area to here in the early 2000’s as burnt out techie that wanted to have a better QOL. The comp package earned there allowed me to purchase where I live here, and I’ve managed to find good opportunity here a numerous of times that wasn’t that far off in comps from up there. (Then again, I never asked very a ridiculous comp package up there to begin with).
San Diego has one big advantage that people haven’t thought about. It’s a 1.5 hour flight away to Silly Valley. There was a period of time I was working up there and flying down here over the weekend and flying back up on a Monday morning. I use to book 5 months worth of Southwest flights every week and if I cancelled my trip up there, I would just roll the credit into the next flight. Even if some sort of hybrid model does go into effect, it’s totally doable with a bay area company, because frankly many people have done this well before covid economy started (inclusive).
