There are many people out there that do not put a premium on living right next to the ocean. I have heard many people say that they prefer to be inland a little ways as the weather is more favorable…you don’t get the “May-gray” and “Jun-gloom” that you get on the coast.
Yeah, I know some people who would rather have more land, and more freedom to do whatever they want on it without the constraints of HOA or uppity neighbors — like tinker on old cars that don’t run or have room for trailer and RV parking.
If you look at the map of San Diego County, Santee, is smack in the middle and that area has a lot of appreciation potential in the next 1/2 century as the region develops — perhaps like the Pasadena area in LA.
I would think that higher priced properties will get hit with a higher penalty when they start to drop.
I also thought higher $$ property appreciated less though. So I may be wrong on 1 or both counts.
Cool.
Cow_tipping.
To be clear I was discussing only high end coastal residences not your garden variety single family home.
I do not know if the current prices will be sustained.
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