[quote=AN][quote=flu]Unfortunately, you’re daughter is renting in an area where rental is in high demand due to the proximity to Sorrento Valley tech center. Short of something catastrophic to said the major tech companies there (*cough* qualcomm *cough*), it’s unlikely this will subside. There is a huge luxury condo complex being built at the end of Mira Mesa Blvd/I-15. I am pretty sure that whomever owns that complex has done extensive research into this submarket, probably with more data than any of us combined. And folks that scoffed at the new Pardee SFH and attached communities off of Flanders have been pretty much been proven wrong… Most phases are sold out….[/quote]Correction, Camino Santa Fe & Calle Cristobal/Sorrento Valley Blvd., not Flanders. There’s no new houses going up on Flanders AFAIK.[/quote]
Corrected. I was thinking about a business off of flanders….We’re talking about the same thing…Basically where Pardee is constructing new homes that are identical to the ones in Carmel Valley Carriage Run development for not much less than Carmel Valley old prices, and to my surprise. Pretty successful in selling them out…
One point to also factor in though is CA has prop 13…and real estate is always local.
Just know what you’re doing and do your homework. I’m not advocating one way or the other.[/quote]
Hehe! Robert Shiller is the friendly face of real estate. I think he’s “right” in both senses, but his words of wisdom are overshadowed by the huge emphasis on housing as a driver of economies. He always strikes me as being bemused by the media attention he attracts for what he obviously considers as stating the obvious
I think that with the fed money printer ongoing, that what we’re going to have is even more asset inflation (stock, real estate,etc)….Meanwhile, I think paychecks are going to fall even further behind.
Looks like the wealth gap is about to get even bigger imho….
