Is San Diego overpriced or is it just corrected?

[fsbo]

Exactly as PC pointed out, the big problem is the San Diego Camry has been sold at BMW price.
It will not be corrected until REO/NOD hits (with ARM reset?)….

[CardiffBaseball]

There is a certain class of rich that does retire here, namely many ex-professional athletes. The more recent retirees (last 10-15 years) have a very comfortable nest egg and gravitate to this area.

I realize that a baseball pitcher is probably not the cultured type of rich person that you are talking about in terms of saving a housing market. However, it’s not hard for some of these guys to have $60-100 million dollars in career earnings these days. RSF and coastal areas are chock full of these guys.

I’d say many of these guys retire here because relatively speaking they are fairly young to have amassed that fortune and want a good place to raise kids. In general folks that would rather be somewhere like RSF which has big lots, and tucked away properties.

[CardiffBaseball]

There is a certain class of rich that does retire here, namely many ex-professional athletes. The more recent retirees (last 10-15 years) have a very comfortable nest egg and gravitate to this area.

I realize that a baseball pitcher is probably not the cultured type of rich person that you are talking about in terms of saving a housing market. However, it’s not hard for some of these guys to have $60-100 million dollars in career earnings these days. RSF and coastal areas are chock full of these guys.

I’d say many of these guys retire here because relatively speaking they are fairly young to have amassed that fortune and want a good place to raise kids. In general folks that would rather be somewhere like RSF which has big lots, and tucked away properties.

[CardiffBaseball]

There is a certain class of rich that does retire here, namely many ex-professional athletes. The more recent retirees (last 10-15 years) have a very comfortable nest egg and gravitate to this area.

I realize that a baseball pitcher is probably not the cultured type of rich person that you are talking about in terms of saving a housing market. However, it’s not hard for some of these guys to have $60-100 million dollars in career earnings these days. RSF and coastal areas are chock full of these guys.

I’d say many of these guys retire here because relatively speaking they are fairly young to have amassed that fortune and want a good place to raise kids. In general folks that would rather be somewhere like RSF which has big lots, and tucked away properties.

[an]

SD Realtor, I completely agree with you. San Diego is not for everyone. If you crave culture, this is definitely not the place to be. I’ve bitch and moan about the cost of living here but the countless time I’ve tried to start looking for work somewhere else, I’d go outside and see/feel why I’m still here. We all have our wants/needs/dislikes. We all are living here because at the current moment, San Diego fits the bill. Some of us continue to live here because although SD is changing, it still fits the bill. Although I was not born here, after living here for over 17 years, SD is still the place for me, even after traveling to countless other cities and other countries. If I want culture and go see some fantastic Broadway shows, I’ll just make a weekend get away to NY, SF, etc. But day in and day out, after getting out of work, I want to be able to relax and enjoy the weather. Although we do not have seasons, that’s the main reason why I love it year.

[an]

SD Realtor, I completely agree with you. San Diego is not for everyone. If you crave culture, this is definitely not the place to be. I’ve bitch and moan about the cost of living here but the countless time I’ve tried to start looking for work somewhere else, I’d go outside and see/feel why I’m still here. We all have our wants/needs/dislikes. We all are living here because at the current moment, San Diego fits the bill. Some of us continue to live here because although SD is changing, it still fits the bill. Although I was not born here, after living here for over 17 years, SD is still the place for me, even after traveling to countless other cities and other countries. If I want culture and go see some fantastic Broadway shows, I’ll just make a weekend get away to NY, SF, etc. But day in and day out, after getting out of work, I want to be able to relax and enjoy the weather. Although we do not have seasons, that’s the main reason why I love it year.

[an]

SD Realtor, I completely agree with you. San Diego is not for everyone. If you crave culture, this is definitely not the place to be. I’ve bitch and moan about the cost of living here but the countless time I’ve tried to start looking for work somewhere else, I’d go outside and see/feel why I’m still here. We all have our wants/needs/dislikes. We all are living here because at the current moment, San Diego fits the bill. Some of us continue to live here because although SD is changing, it still fits the bill. Although I was not born here, after living here for over 17 years, SD is still the place for me, even after traveling to countless other cities and other countries. If I want culture and go see some fantastic Broadway shows, I’ll just make a weekend get away to NY, SF, etc. But day in and day out, after getting out of work, I want to be able to relax and enjoy the weather. Although we do not have seasons, that’s the main reason why I love it year.

[Alex_angel]

If you are calling San Diego a Camry then what city is the BMW? NY? Get real. NY is an old beat up, dented 1978 Audi.

San Diego has a lot, you just need to get up and leave your little area to find it. problem with San Diego is
1. Traffic is getting worse each day.
2. You have to use the Freeways to get anywhere so you relate to problem 1.
3. We don’t have a downtown.
4. Tijuana
5. Rancho Santa Fe

[Alex_angel]

If you are calling San Diego a Camry then what city is the BMW? NY? Get real. NY is an old beat up, dented 1978 Audi.

San Diego has a lot, you just need to get up and leave your little area to find it. problem with San Diego is
1. Traffic is getting worse each day.
2. You have to use the Freeways to get anywhere so you relate to problem 1.
3. We don’t have a downtown.
4. Tijuana
5. Rancho Santa Fe

[Alex_angel]

If you are calling San Diego a Camry then what city is the BMW? NY? Get real. NY is an old beat up, dented 1978 Audi.

San Diego has a lot, you just need to get up and leave your little area to find it. problem with San Diego is
1. Traffic is getting worse each day.
2. You have to use the Freeways to get anywhere so you relate to problem 1.
3. We don’t have a downtown.
4. Tijuana
5. Rancho Santa Fe

[sdrealtor]

While I dont think celebrity/ex-pro atheletes will suport this market I have seen several buy in my area. It’s not just superstars buying in RSF. For example, an Academy award winning actor bought a relatively modest house in La Costa Oaks. A recently retired former NFL Pro Bowl player bought in Arroyo Vista. A current journeyman infielder now starting in the NL recently bought in Encinitas Ranch. These are just a few that I know of but its interesting that they bought essentially cookie cutter homes in planned community tracts. It surprised me that they bought where they did and I’m sure it will surprise a few of you.

[sdrealtor]

While I dont think celebrity/ex-pro atheletes will suport this market I have seen several buy in my area. It’s not just superstars buying in RSF. For example, an Academy award winning actor bought a relatively modest house in La Costa Oaks. A recently retired former NFL Pro Bowl player bought in Arroyo Vista. A current journeyman infielder now starting in the NL recently bought in Encinitas Ranch. These are just a few that I know of but its interesting that they bought essentially cookie cutter homes in planned community tracts. It surprised me that they bought where they did and I’m sure it will surprise a few of you.

[sdrealtor]

While I dont think celebrity/ex-pro atheletes will suport this market I have seen several buy in my area. It’s not just superstars buying in RSF. For example, an Academy award winning actor bought a relatively modest house in La Costa Oaks. A recently retired former NFL Pro Bowl player bought in Arroyo Vista. A current journeyman infielder now starting in the NL recently bought in Encinitas Ranch. These are just a few that I know of but its interesting that they bought essentially cookie cutter homes in planned community tracts. It surprised me that they bought where they did and I’m sure it will surprise a few of you.

[mixxalot]

Professional retired wealthy ex-athletes and actors

Are usually not too bright when it comes to level and desire to possess culture and education. Granted, there are exceptions but by and large these folks won the genetic lottery and were in the right place at the right time to get lucky with their wealth. Yes, I am sure they all did some hard work along the way but pure luck is more like it.

I am in San Diego only because when I was layed off in 2002 from a software company in the bay area, there were few jobs left after the dot coms busted. I found work in San Diego for an investment bank in technology. The market improved and I jumped ship for greener pastures. I moved back to Sacramento in 2005 for a brief period and after a while disliked it even though I grew up in Sacramento and have a lot of friends and family there. So.. I moved back to San Diego! For me, I work a lot anyways and having great weather and easy access to the beaches is relaxing and better than pure culture. I can always hope a flight to SF or NYC for the weekend if I need opera or broadway.

My only beef- traffic is way worse; and, housing is not affordable for normal professional. Hence, I am seriously looking at places like Texas and Arkansas for a home purchase. They are not as nice weatherwise as San Diego but fit my budget and pocketbook a lot easier. I signed a 15 month lease so I have some time to wait and see what actually happens to the San Diego real estate market.

Hopefully it keep go down and I can buy a small 2 bedroom 2 bath townhome with a real 2 car garage. Ideally, I would like to buy a duplex and rent the other side out to a good friend but duplexes are few and far between here in San Diego and VERY EXPENSIVE.

[mixxalot]

Professional retired wealthy ex-athletes and actors

Are usually not too bright when it comes to level and desire to possess culture and education. Granted, there are exceptions but by and large these folks won the genetic lottery and were in the right place at the right time to get lucky with their wealth. Yes, I am sure they all did some hard work along the way but pure luck is more like it.

I am in San Diego only because when I was layed off in 2002 from a software company in the bay area, there were few jobs left after the dot coms busted. I found work in San Diego for an investment bank in technology. The market improved and I jumped ship for greener pastures. I moved back to Sacramento in 2005 for a brief period and after a while disliked it even though I grew up in Sacramento and have a lot of friends and family there. So.. I moved back to San Diego! For me, I work a lot anyways and having great weather and easy access to the beaches is relaxing and better than pure culture. I can always hope a flight to SF or NYC for the weekend if I need opera or broadway.

My only beef- traffic is way worse; and, housing is not affordable for normal professional. Hence, I am seriously looking at places like Texas and Arkansas for a home purchase. They are not as nice weatherwise as San Diego but fit my budget and pocketbook a lot easier. I signed a 15 month lease so I have some time to wait and see what actually happens to the San Diego real estate market.

Hopefully it keep go down and I can buy a small 2 bedroom 2 bath townhome with a real 2 car garage. Ideally, I would like to buy a duplex and rent the other side out to a good friend but duplexes are few and far between here in San Diego and VERY EXPENSIVE.

[Author]

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