[quote=The-Shoveler]It’s just the project growth for SoCal, L.A. is out of build-able land and has been for a while.
Sure some of that will end up being in Riverside county but they will be commuting into SD one way or the other.
Population growth is expect to accelerate as well in the USA over the next 30 years.
(going from 300 mill to 400 mill)
Year Projection Actual result
2010 310,232,863 308,745,538
2020 341,386,665
2030 373,503,674
2040 405,655,295
2050 439,010,253
Charlton Heston said it best maybe in a 1970’s movie.[/quote]
That’s BS. If newcomers scout out a prospective new “hometown” anywhere in the US and can’t find anyplace to live at a price they’re willing or able to pay, they won’t move there to begin with … plain and simple. Please reread AN’s previous post here where he was contemplating moving to SV (he was a “prospective newcomer”):
[quote=AN][quote=UCGal]Back on the topic of silicon valley prices… Friends moved up there last year when he left Qcom for Goog. They sold their paid off Carmel Valley 4Ksf home for well over $1M. They are renting a 1600sf beater house in Palo Alto for almost $4k/month. They are having no luck finding a house for $2.5M or less in Palo Alto.
The increased google salary was not enough to compensate for the HUGE increase in housing costs.[/quote]This is why I’m still in SD and completely rule out the bay area as a possible relocation spot, unless something change (either income there has to go up EVEN MORE, say 50% more, or housing has to decrease). A year ago, as I was pondering moving up there, I ran the numbers and look at housing cost for comparable areas (for me, it’s distance to work and school). For anything that have the distance to work and school like Mira Mesa, you’re look at 2x the price. The salary was higher @ ~25-35%, but with that higher W-2 income, you’ll be paying more taxes, and potentially losing out on some government perks for making less $, so to me, the income increase turn out to be only ~10-15%. There’s no way the number work out.[/quote]
