Yes, it has been happening for a long time, joe, but the topic seems to be getting “hotter” as the county gets closer to buildout–at least I’m reading about it more and more.
To answer your question as far as our kids go. We planned for this a long time ago. As the signs started to appear that real estate in San Diego was “heating up,” we started investing in property for them years ago, because we had a feeling things were going to explode. I realize this may not have been possible for everyone, but it made sense for us.
Of course, they haven’t necessarily stayed in the homes we originally invested in for them, but it has given them a launching pad as far as real estate is concerned to buy other homes, etc., and no one (us or them) has had to take on excessive debt or bleed retirement funds for housing.
