So do you really honestly in your heart believe that the more desireable neighborhoods in San Diego will ever, EVER revert to “fundamental” ratios of say 3-4x median income?
In 1999, median SFH price to median family income ratios were:
In Rancho Bernardo: 3.36
In Scripps Ranch: 3.51
In Carmel Valley: 4.28
In Encinitas: 4.43
In Point Loma: 5.41
We can revert to that if interest rates get to 8-9%.
