[quote=The-Shoveler]Near the coast there is just not a lot of buildable land IMO and what is there is very costly to develop.
Out in east county and SWRC there is a lot more buildable land so I would expect that to keep a lid on prices for a while yet.
Near the coast I would expect things will get more and more ridiculous as far as price. JMHO.
The above might change if something like super storm sandy hit SoCal. I guess we wait and see.[/quote]
Shoveler, there is NOT `a lot of buildable land’ in SD East County. The vast majority of east county areas within 30 miles of dtn SD are very well established, some est as far back as 1930.
Building is not allowed on rocky mountaintops. And there is too much community opposition to increasing density in areas of 1 AC+ lots so that will never happen, IMHO.
If you are referring to rural east county and the mountains, what available parcels with utilities at the ready are far and few between and a construction or take-out lender would still require a VERY costly fire policy to be in place before the commencement of construction. Those parcels without utilities will undoubtedly be VERY costly for today’s specuvester to bring them in. MWD access and utility meter fees, in every jurisdiction, have risen repeatedly since 2000.
The above also applies to semi-rural and rural SD North County.
The reality is that there is VERY little to zero land available in SD County for tract or spec development, period, which is not already owned by developers or a single infill lot with a demolishable structure on it.
And I would not advise “waiting” to see if a tsunami hits the CA coastal areas to buy there.
If the “coast” where you want to move next, I would advise selling your inland property forthwith, lowering your standards re: your dwelling “requirements” and buying a coastal property ASAP. OR, buying a coastal property and renting out your inland property after you close escrow, if you can afford to do so.
It doesn’t get any better than this, folks. The (native San Diegan) horse left its barn several years ago and is “lost” on the trails.
