A 20-30 yo 1900 SF home in San Marcos sold for $1.1M this month. Thinking it was an anomaly, I looked over other recent sales. Nope, not an anomaly.
Prices are absolutely insane. San Marcos is where normal middle-class folks can buy. Or at least *could* buy.
This can’t continue.
Either that or we are seeing some sort of seismic change in an extremely short time period.
Personally, I don’t think its healthy. It feels like we are well on our way to becoming the new silicon valley, given prices like these.
I’d rather go back to being sleepy San Diego myself.[/quote]
I agree with everything except for:
[quote=svelte]
I’d rather go back to being sleepy San Diego myself.[/quote]
I like where we’re heading and don’t mind just being the next Silion Valley. Maybe BioTech Valley?
