So, who are the new buyers? Heck, at least Miami with all those unsold condos have the south and central American buyers and European buyers. Maybe they can sell them eventually. SD is alot different. Where are the economic power players coming to buy all these 1mm houses? Retirees? Don’t think so. Relocation buyers from the east that sold their homes at top of the market 6 months ago?
Can the new Miramar airport workers support these homes in CV? Don’t think so? Will more corporations move to SD with better air transportation?
Here is a better thought, have that huge seaport built( not sure if you heard about this idea) on the east coast of Baja and have a rail line come into SD and then corporations will build distribution plants here. Being a surfer, this project will not be good for the surfing in particular parts of Baja, but we cannot control Mexico politics. Surfrider is great, but……
Maybe I need to find what new jobs have been created in SD county this year and average salaries that are paid.
