[quote=The-Shoveler][quote=flyer]Since inquiring minds want to know–without going into specific detail–the homes that many in the family still live in or have handed down to family members are in Point Loma, Sunset Cliffs, La Jolla, Del Mar–etc.–all with bay or ocean views. I grew up in a home in LJCC, and family members still live in that home as well.
My wife and I purchased homes in CV and RSF in the late 80’s and 90’s, and, by today’s standards, those prices would also be considered “steals,” and, actually, I was able to afford homes over $70K in my “prime” working years, which (as an airline pilot, among other things), are not over yet.
My point was, that I realize many of the younger people (I’m in my mid 50’s), have not yet had the opportunity to realize the tremendous appreciation on property as those who purchased in San Diego many years ago, and it will be interesting to see if that level of appreciation can ever be repeated.[/quote]
Watch Japan, were next but not quite as extreme, see Israel in similar example from 1980-1985.[/quote]
I’m confused. Are you saying that homes flyer purchased for $70k, in Carmel Valley will go back to those prices?
Even with decades of no growth, that’s not going to happen.
flyer was fortunate to be born in a time, and to purchase in a time, before the long trend upward in prices. It’s hard for folks who bought in the 90’s or later to realize just how much lower prices were back in the 80’s and earlier.
