[quote=utcsox][quote=FormerSanDiegan][quote=EconProf]
But I must correct a couple of commentators that suggest San Diego is not losing population. As reported in early May, it lost 11,183 people from July, 2020 to July 2021. You can google it for the various news sources.
That’s population declining for the past two years.[/quote]
I googled it and the first thing I found was the opposite of what you stated.
In God we trust. Others must bring data.
[img_assist|nid=27720|title=San Diego population|desc=|link=node|align=left|width=100|height=46][/quote]
Oftentimes the first thing that shows up in your google search query might not be the best one. In this particular case, data that is cited by EconProf is of higher quality. Per U.S. Census Bureau population estimates, San Diego County has a population of 3,286,069 in July 2021 and 3,297,252 in July 2020. If you subtract the 2021 population estimate from the 2020 population estimate, you get exactly 11,183.
Under Incorporated Places and Minor Civil Divisions Datasets: Subcounty Resident Population Estimates: April 1, 2020 to July 1, 2021 (SUB-EST2021) section.[/quote]
2020 number is an official number and 2021 number is an estimate. Comparing official numbers to estimate is not good. Official 2010 number is 3,095,313. So, SD County officially gained 6.569% over those 10 years period. We’ll see where SD counter will officially be in 8-9 years when they release 2030 numbers. Seems like we’re debating over rounding errors at this point.
As they say, there’s lies, damn lies, and statistics. Total population changes only tell you part of the picture. Now, as for how population affects RE price, it’s more important to know what’s the population changes for people making over $200k.
Also, if population decrease as dire as portrayed, then I don’t understand why rent has gone up the way it has been over the last couple of years. Rent is as capitalistic (econ 101, supply vs demand) as you can get, IMHO.
