Is San Diego overpriced or is it just corrected?

[garysears]

You are right. It is a new permanently high plateau.

I guess the only ones who don’t get it are the renters. Those are some pretty compelling arguments. I feel pretty dumb for undervaluing San Diego. I want to pay double! I’m going to the office tomorrow to renegotiate my rental contract upwards…

Once I start paying the new correctly valued rent, I can only imagine how much better my S.D. experience will be. It’s going to be awesome!

I was renting a home in San Carlos last year for $1,975. It recently listed for $600K so I believe we’ve just hit bottom. I want to get it before an astute investor jumps on the 300X rent multiple. Can anyone hook me up with a 110% LTV I/O?

P.S. Just imagine if people were to begin valuing speculative appreciation over plain ownership. The lid would absolutely fly off the market!!!!

[kewp]

You guys should try living in New Jersey.

SD is a paradise by comparison!

[kewp]

You guys should try living in New Jersey.

SD is a paradise by comparison!

[kewp]

You guys should try living in New Jersey.

SD is a paradise by comparison!

[lniles]

Right on, cyphire. I agree completely.

[lniles]

Right on, cyphire. I agree completely.

[lniles]

Right on, cyphire. I agree completely.

[PerryChase]

I think of San Diego as air-conditioning. Living in SD is like living in a well air-conditioned house. Thanks to the weather, it always feels the same, boring but very comfortable and, well… boring. Everything has a Fashion Valley, Disneyland-esque feeling (that’s because The OC is kinda like the same but SD is better).

I agree, lniles, San Diego is definitely not a cultural mecca. Your description of restaurants and museums is right on.

My foreign friends who visit San Diego get bored in a few days. They feel trapped because they can’t go anywhere by themselves. Can’t even catch a cab to hang out in the city.

San Diego is comfortable but soul-less and impersonal. But it’s a physically comfortable, easy to live in place.

My all time favorite city is Paris, France. I don’t mind living there 1/2 of the year then come back to San Diego’ to my comfortable bubble, when it’s cold. Maybe a goal for retirement.

NYC would be my favorite American city but you need a lot of money to live there and to insulate yourself from the elements and the urban grunge. I love NYC urban fashion but you can’t wear that in SD.

It’s always good to travel and get out of San Diego to see what you’re missing in the world. It gives you a better perspective of what SD truly is compared to other cities in the world. We do some things pretty well but we’re not the greatest.

[PerryChase]

I think of San Diego as air-conditioning. Living in SD is like living in a well air-conditioned house. Thanks to the weather, it always feels the same, boring but very comfortable and, well… boring. Everything has a Fashion Valley, Disneyland-esque feeling (that’s because The OC is kinda like the same but SD is better).

I agree, lniles, San Diego is definitely not a cultural mecca. Your description of restaurants and museums is right on.

My foreign friends who visit San Diego get bored in a few days. They feel trapped because they can’t go anywhere by themselves. Can’t even catch a cab to hang out in the city.

San Diego is comfortable but soul-less and impersonal. But it’s a physically comfortable, easy to live in place.

My all time favorite city is Paris, France. I don’t mind living there 1/2 of the year then come back to San Diego’ to my comfortable bubble, when it’s cold. Maybe a goal for retirement.

NYC would be my favorite American city but you need a lot of money to live there and to insulate yourself from the elements and the urban grunge. I love NYC urban fashion but you can’t wear that in SD.

It’s always good to travel and get out of San Diego to see what you’re missing in the world. It gives you a better perspective of what SD truly is compared to other cities in the world. We do some things pretty well but we’re not the greatest.

[PerryChase]

I think of San Diego as air-conditioning. Living in SD is like living in a well air-conditioned house. Thanks to the weather, it always feels the same, boring but very comfortable and, well… boring. Everything has a Fashion Valley, Disneyland-esque feeling (that’s because The OC is kinda like the same but SD is better).

I agree, lniles, San Diego is definitely not a cultural mecca. Your description of restaurants and museums is right on.

My foreign friends who visit San Diego get bored in a few days. They feel trapped because they can’t go anywhere by themselves. Can’t even catch a cab to hang out in the city.

San Diego is comfortable but soul-less and impersonal. But it’s a physically comfortable, easy to live in place.

My all time favorite city is Paris, France. I don’t mind living there 1/2 of the year then come back to San Diego’ to my comfortable bubble, when it’s cold. Maybe a goal for retirement.

NYC would be my favorite American city but you need a lot of money to live there and to insulate yourself from the elements and the urban grunge. I love NYC urban fashion but you can’t wear that in SD.

It’s always good to travel and get out of San Diego to see what you’re missing in the world. It gives you a better perspective of what SD truly is compared to other cities in the world. We do some things pretty well but we’re not the greatest.

[cashflow]

Having just moved back down here from Ventura Cty., we have recently gone through the job search/offers. San Diego jobs definitely DO NOT pay the high salaries as other areas. The employers call it the ‘sunshine factor’. Yeah great, so I get sunshine but pay the same cost of living. This is the reason the housing prices started slipping here first in ’05 when the rest of So Cal hadn’t seen much impact….yet.
The pricing is overpriced here, or you can look at it in the reverse, the employees are underpayed!

Also there was some discussion before on various industries here in SD. We are still believers in the Biotech world. There are companies that provide drugs that can greatly increase a patients quality of life. Hopefully more of the SD start ups will hit on something big to bring more jobs here. With UCSD research as a center to all of this, it is still very likely that over the next 10 years SD will develop some strong home grown Biotech firms. Also, I don’t believe this work will be farmed out so easily to the Asian countries. This avenue has been looked at by the major biotechs and it was deemed NOT favorable. The only slight possibility is that Singapore may be able to come up to the standards that are necessary to manufacture. Other than that, not going to happen. There are many other places that offer enough tax shelters that would offset risks of going to someplace like China where quality is not even in the vocabulary.

[cashflow]

Having just moved back down here from Ventura Cty., we have recently gone through the job search/offers. San Diego jobs definitely DO NOT pay the high salaries as other areas. The employers call it the ‘sunshine factor’. Yeah great, so I get sunshine but pay the same cost of living. This is the reason the housing prices started slipping here first in ’05 when the rest of So Cal hadn’t seen much impact….yet.
The pricing is overpriced here, or you can look at it in the reverse, the employees are underpayed!

Also there was some discussion before on various industries here in SD. We are still believers in the Biotech world. There are companies that provide drugs that can greatly increase a patients quality of life. Hopefully more of the SD start ups will hit on something big to bring more jobs here. With UCSD research as a center to all of this, it is still very likely that over the next 10 years SD will develop some strong home grown Biotech firms. Also, I don’t believe this work will be farmed out so easily to the Asian countries. This avenue has been looked at by the major biotechs and it was deemed NOT favorable. The only slight possibility is that Singapore may be able to come up to the standards that are necessary to manufacture. Other than that, not going to happen. There are many other places that offer enough tax shelters that would offset risks of going to someplace like China where quality is not even in the vocabulary.

[cashflow]

Having just moved back down here from Ventura Cty., we have recently gone through the job search/offers. San Diego jobs definitely DO NOT pay the high salaries as other areas. The employers call it the ‘sunshine factor’. Yeah great, so I get sunshine but pay the same cost of living. This is the reason the housing prices started slipping here first in ’05 when the rest of So Cal hadn’t seen much impact….yet.
The pricing is overpriced here, or you can look at it in the reverse, the employees are underpayed!

Also there was some discussion before on various industries here in SD. We are still believers in the Biotech world. There are companies that provide drugs that can greatly increase a patients quality of life. Hopefully more of the SD start ups will hit on something big to bring more jobs here. With UCSD research as a center to all of this, it is still very likely that over the next 10 years SD will develop some strong home grown Biotech firms. Also, I don’t believe this work will be farmed out so easily to the Asian countries. This avenue has been looked at by the major biotechs and it was deemed NOT favorable. The only slight possibility is that Singapore may be able to come up to the standards that are necessary to manufacture. Other than that, not going to happen. There are many other places that offer enough tax shelters that would offset risks of going to someplace like China where quality is not even in the vocabulary.

[cyphire]

PerryChase – once again you took the words right out of my mouth. I agree completely with your analysis.

My wife and I have been looking around the US and thinking about the world where to go to. It’s hard to get away from SD, but it’s also hard to stay.

Don’t get me wrong – it’s soft and comfortable here. It’s just not alive enough……

[cyphire]

PerryChase – once again you took the words right out of my mouth. I agree completely with your analysis.

My wife and I have been looking around the US and thinking about the world where to go to. It’s hard to get away from SD, but it’s also hard to stay.

Don’t get me wrong – it’s soft and comfortable here. It’s just not alive enough……

[Author]

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