The weather in San Diego is worse now that it used to be 20 years ago. When I came to San Diego in 1986, we rarely needed air conditioning. Now, because of global warming, I’m having to use A/C in the summer, and I live near the coast.
We’re not even started on the downward slide. If you go to dinner parties, we can still hear people talking about real estate investments, albeit with caution. It won’t hit the general public that RE is down, until they experience the financial pain of having to sell.