sdrealtor, your posts are usually both informative and lucid
in contrast to some others here. Your comments above are for the most part accurate, I am glad you qualified them with “rough example” though. Today, I can’t help but think the 75th percentile is optimistic.
“the median income household does not generally purchase the median priced home” I assume you are speaking to current market times here?
I think it’s wonderful that so many here must be pulling down 3,4,5,6 etc. times the median income in San Diego. A 55,000 to 60,000 income seems to be the most common for San Diego.
It’s often said here (or was) that the SD market will correct to the point that homes become affordable for the middle class here – market fundamentals. From my infrequent visits lately it seems to be that opinion is/has disappeared.
I can’t help but think of a post from a realtor who was showing a home in Clairemont in the 400k range with a “good price” comment. I can’t help but feel that many are becoming desensitized(?) to these prices.
Regardless of the price IMO Clairemont will always be a lower middle class neighborhood like it started out as.
Although I’m rarely here it’s still home and I always looked forward to returning.
I guess San Diego will become a big city version of Palm Springs, how depressing.
