Is San Diego overpriced or is it just corrected?

[kewp]

I’ve long speculated that the SD housing bubble was largely a result of a *lack* of strong fundamentals here.

Flipping houses was the only way to make money!

[lniles]

I agree, it’s got weather but not much else. Unless you like not being able to find an open restaurant after 9PM (10PM on weekends), or you like the restaurant service typical of tourist spots (they’re not aiming for return customers, so jack up the prices and forget about quality). There are dozens of cities which rank much higher on public art, parks, libraries, etc. Balboa Park is a joke. I feel like there must be some subliminal brainwashing that hasn’t penetrated my thick skull but is convincing others that “San Diego is great, you are happy here, life is good here, marry here, consume here, reproduce here, have a beer and don’t think about it”. It’s like a retirement home for old folks.

Wow now I’m raving. Anyhow, a simplistic (read: San Diegan) rebuttal might be: so why don’t you leave? Well smarty-pants it’s simply because I make good money here in Telecom and I’m hooked on ocean/beach related sports. Really if it weren’t for the telecom industry, I wouldn’t be here. I wonder if that is the same for others. I think San Diego is darn lucky that the world needs telecom. I thank Irwin Jacobs.

[lniles]

I agree, it’s got weather but not much else. Unless you like not being able to find an open restaurant after 9PM (10PM on weekends), or you like the restaurant service typical of tourist spots (they’re not aiming for return customers, so jack up the prices and forget about quality). There are dozens of cities which rank much higher on public art, parks, libraries, etc. Balboa Park is a joke. I feel like there must be some subliminal brainwashing that hasn’t penetrated my thick skull but is convincing others that “San Diego is great, you are happy here, life is good here, marry here, consume here, reproduce here, have a beer and don’t think about it”. It’s like a retirement home for old folks.

Wow now I’m raving. Anyhow, a simplistic (read: San Diegan) rebuttal might be: so why don’t you leave? Well smarty-pants it’s simply because I make good money here in Telecom and I’m hooked on ocean/beach related sports. Really if it weren’t for the telecom industry, I wouldn’t be here. I wonder if that is the same for others. I think San Diego is darn lucky that the world needs telecom. I thank Irwin Jacobs.

[lniles]

I agree, it’s got weather but not much else. Unless you like not being able to find an open restaurant after 9PM (10PM on weekends), or you like the restaurant service typical of tourist spots (they’re not aiming for return customers, so jack up the prices and forget about quality). There are dozens of cities which rank much higher on public art, parks, libraries, etc. Balboa Park is a joke. I feel like there must be some subliminal brainwashing that hasn’t penetrated my thick skull but is convincing others that “San Diego is great, you are happy here, life is good here, marry here, consume here, reproduce here, have a beer and don’t think about it”. It’s like a retirement home for old folks.

Wow now I’m raving. Anyhow, a simplistic (read: San Diegan) rebuttal might be: so why don’t you leave? Well smarty-pants it’s simply because I make good money here in Telecom and I’m hooked on ocean/beach related sports. Really if it weren’t for the telecom industry, I wouldn’t be here. I wonder if that is the same for others. I think San Diego is darn lucky that the world needs telecom. I thank Irwin Jacobs.

[SD Realtor]

Pretty good analysis lniles. If it wasn’t for Telecom I wouldn’t be here either. Lots of other people in our boat. Really it seems to me that San Diego is a destination location for people who have alot of money. There are certain neighborhoods that also have alot of housing for those with high paying jobs. Beyond that however I think there is a larger disparity then many people realize.

SD Realtor

[SD Realtor]

Pretty good analysis lniles. If it wasn’t for Telecom I wouldn’t be here either. Lots of other people in our boat. Really it seems to me that San Diego is a destination location for people who have alot of money. There are certain neighborhoods that also have alot of housing for those with high paying jobs. Beyond that however I think there is a larger disparity then many people realize.

SD Realtor

[SD Realtor]

Pretty good analysis lniles. If it wasn’t for Telecom I wouldn’t be here either. Lots of other people in our boat. Really it seems to me that San Diego is a destination location for people who have alot of money. There are certain neighborhoods that also have alot of housing for those with high paying jobs. Beyond that however I think there is a larger disparity then many people realize.

SD Realtor

[cr]

Is San Diego overpriced or is it just corrected?

Overpriced.

[cr]

Is San Diego overpriced or is it just corrected?

Overpriced.

[cr]

Is San Diego overpriced or is it just corrected?

Overpriced.

[what_a_disasta]

The weather isn’t all that great either. It’s certainly not ‘vacation weather’. A bit cloudy and chilly for my tastes.

[what_a_disasta]

The weather isn’t all that great either. It’s certainly not ‘vacation weather’. A bit cloudy and chilly for my tastes.

[what_a_disasta]

The weather isn’t all that great either. It’s certainly not ‘vacation weather’. A bit cloudy and chilly for my tastes.

[cyphire]

Yup… It’s no Orange County which has the same weather by the way! Our industry is second tier and the housing prices are insane. I don’t think that San Diego – sleepy as it is ever had the same type of neighborhoods and money that a lot of other cities have. I like it here… Don’t get me wrong. But I’m from New York City and this place is cow town. I have recently looked at Seattle and liked what I saw. But after a week there with no sunshine, decided I couldn’t hack it.

I think that it is insanely overpriced. As the economy softens a lot of people will be trying to sell to cash out. They are in for a rude awakening. We have diversified here in town, but we are still tiny industry-wise compared to other places. The level of debt here matches or exceeds any place in the country because of the home prices.

More importantly – the cost of doing business here is very high. Home prices for employees, electricity, water, wages, a work force that goes surfing!!!!, ahhh for a wet weather climate where people stay at their desks!

I think that the corrections will stay in place for many years to come. I have no crystal ball though – time will tell.

[cyphire]

Yup… It’s no Orange County which has the same weather by the way! Our industry is second tier and the housing prices are insane. I don’t think that San Diego – sleepy as it is ever had the same type of neighborhoods and money that a lot of other cities have. I like it here… Don’t get me wrong. But I’m from New York City and this place is cow town. I have recently looked at Seattle and liked what I saw. But after a week there with no sunshine, decided I couldn’t hack it.

I think that it is insanely overpriced. As the economy softens a lot of people will be trying to sell to cash out. They are in for a rude awakening. We have diversified here in town, but we are still tiny industry-wise compared to other places. The level of debt here matches or exceeds any place in the country because of the home prices.

More importantly – the cost of doing business here is very high. Home prices for employees, electricity, water, wages, a work force that goes surfing!!!!, ahhh for a wet weather climate where people stay at their desks!

I think that the corrections will stay in place for many years to come. I have no crystal ball though – time will tell.

[Author]

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