[quote=The-Shoveler]That is the biggest complaint I hear from bay area workers, retirees don’t move!!
You do not hear that as much in LA or SD but there is a lot of I am staying until they carry me out here as well.[/quote]I think that’s because SF has been built out for awhile now. Add on to the fact that RE price has drastically increase (well above your average owners from awhile ago), which created this situation. I’m betting that SD will be in a very similar spot 50 years from now if population keep on growing and SD is fully built out. I see some of that now in Mira Mesa. There are a lot of houses around me that have owners who bought 15-30 years ago and either have very little mortgage left or are completely paid off. Those original owners are your blue collar workers who could afford Mira Mesa 15-30 years ago. If they sell today, they can’t afford to buy a bigger place in Mira Mesa or better. So, they just stay put.
