Is San Diego overpriced or is it just corrected?

[mixxalot]

San Diego nice balance

I have lived in many places and San Diego has nice mellow feel to it that is missing in NYC and LA. Jobs pay low here and real estate is high. Thats the major down points. But.. I feel it will change.

[TheChaz]

This is the strangest thread I’ve ever seen on Piggington. Isn’t this a site for reasoned analysis of real estate data? What’s with all the crazy San Diego bashing? Clearly one’s personal feelings about the city will factor into how much one values the location, but did it really warrant dozens of posts on what each of us hates about the city where we live? San Diego is a city with its faults and strengths, like any other. This is big news?

[TheChaz]

This is the strangest thread I’ve ever seen on Piggington. Isn’t this a site for reasoned analysis of real estate data? What’s with all the crazy San Diego bashing? Clearly one’s personal feelings about the city will factor into how much one values the location, but did it really warrant dozens of posts on what each of us hates about the city where we live? San Diego is a city with its faults and strengths, like any other. This is big news?

[TheChaz]

This is the strangest thread I’ve ever seen on Piggington. Isn’t this a site for reasoned analysis of real estate data? What’s with all the crazy San Diego bashing? Clearly one’s personal feelings about the city will factor into how much one values the location, but did it really warrant dozens of posts on what each of us hates about the city where we live? San Diego is a city with its faults and strengths, like any other. This is big news?

[cyphire]

Yeah it is big news….

The reason is that San Diego is way to expensive for what you get…. Thats the position behind this part of the thread. I do find it hard to get away from San Diego, but when you look at the price you pay for the laid back, mellowness it makes you wonder…..

I think the problem is that the prices of real estate have gone up disproportion ally to the value of the area. I think that that may be the overwhelming sentiment of the Piggington site in general.

I lived in NYC in my 20’s, in Long Island for my early 30’s and back to the most expensive part of Manhattan for a couple of years in my late 30’s (before moving to San Diego). NYC does have its pros and cons… And it is way more expensive than San Diego… Part of the problem is our setting of definitions, of apples and oranges.

Manhattan and downtown San Diego do not compare… This is part of the comparison problem. Downtown San Diego is almost non-existent. One tiny area of Manhattan has more action, more people, more nightlife, more parks, more interesting attractions, more museums, culture, and personality than the entire downtown experience combined. Manhattan has more cool clubs on one street than exist in all of San Diego.

I live in La Jolla, and the only comparison I can make is one of the Nassau County towns which have money – but the difference is that a lot of people there can hop a train to Manhattan and be there in 30-40 min… (by the way right downtown). In Westchester it’s even better (15min-30min) and really in midtown. Subways, buses, Central Park, etc.

Both places have bad traffic, but San Diego has no other options, NYC does (real mass transit – even the wealthy use the subways (including the mayor – but he drives a convoy to get there!).

As to the rest of San Diego (including the north county) it’s a vast wasteland of brutally overpriced homes, suburban shopping and little else. It’s a nice place to raise kids, but doesn’t seem to have the real sense of community that you get in other places. (Just my opinion – probably because of it’s massive growth and the influx of foreigners!! (I mean me and the other Mid-west, North-East, North-West big city leaving folks!)

I’m not trying to bash San Diego here!!! I’m not! I somewhat like my life-style, but I’m an anomaly. I am just trying to be realistic about it’s economy, it’s job prospects, it’s business costs, it’s quality of life in comparison to it’s real estate prices. I am semi-retired (currently) and am looking at the next big thing business wise, and I’m not sure that its the place to be. I know I absolutely wouldn’t be here if I had to work for a living, getting a mediocre salary and had to accept sub-standard quality housing and traffic at big city prices and expenses.

This brings me to another point… San Diego’s more exclusive areas are funded and built up by the very wealthy, the very elderly wealthy! It’s our growth industry – a soft climate and old folks…. I almost can’t stand La Jolla for the combination of little old rich people and tourists who seem bored out of their minds.

I think that as the air is let out of the bag, this place will suffer far worse than most other parts of the country. I think that it is a microcosm of the US but sort of one on steroids…. I think that because it lacks the underlying fundamentals and it has been built by speculators and bubbles that it will fall further and harder than most other areas. I talked to a couple from Switzerland yesterday – I asked why don’t they buy a condo here? With their economy and purchasing power. They said that they were bored, ran out of things to do, felt like they were in an old folks home, it’s too far away for them to ever use it, and they were on their way to NYC for the next 10 days. I think that the foreign investment was also speculator money – they aren’t coming here in droves and they aren’t here to stay – they bought into the cheap (to them) home/condo prices but see that the prices aren’t holding up.

[cyphire]

Yeah it is big news….

The reason is that San Diego is way to expensive for what you get…. Thats the position behind this part of the thread. I do find it hard to get away from San Diego, but when you look at the price you pay for the laid back, mellowness it makes you wonder…..

I think the problem is that the prices of real estate have gone up disproportion ally to the value of the area. I think that that may be the overwhelming sentiment of the Piggington site in general.

I lived in NYC in my 20’s, in Long Island for my early 30’s and back to the most expensive part of Manhattan for a couple of years in my late 30’s (before moving to San Diego). NYC does have its pros and cons… And it is way more expensive than San Diego… Part of the problem is our setting of definitions, of apples and oranges.

Manhattan and downtown San Diego do not compare… This is part of the comparison problem. Downtown San Diego is almost non-existent. One tiny area of Manhattan has more action, more people, more nightlife, more parks, more interesting attractions, more museums, culture, and personality than the entire downtown experience combined. Manhattan has more cool clubs on one street than exist in all of San Diego.

I live in La Jolla, and the only comparison I can make is one of the Nassau County towns which have money – but the difference is that a lot of people there can hop a train to Manhattan and be there in 30-40 min… (by the way right downtown). In Westchester it’s even better (15min-30min) and really in midtown. Subways, buses, Central Park, etc.

Both places have bad traffic, but San Diego has no other options, NYC does (real mass transit – even the wealthy use the subways (including the mayor – but he drives a convoy to get there!).

As to the rest of San Diego (including the north county) it’s a vast wasteland of brutally overpriced homes, suburban shopping and little else. It’s a nice place to raise kids, but doesn’t seem to have the real sense of community that you get in other places. (Just my opinion – probably because of it’s massive growth and the influx of foreigners!! (I mean me and the other Mid-west, North-East, North-West big city leaving folks!)

I’m not trying to bash San Diego here!!! I’m not! I somewhat like my life-style, but I’m an anomaly. I am just trying to be realistic about it’s economy, it’s job prospects, it’s business costs, it’s quality of life in comparison to it’s real estate prices. I am semi-retired (currently) and am looking at the next big thing business wise, and I’m not sure that its the place to be. I know I absolutely wouldn’t be here if I had to work for a living, getting a mediocre salary and had to accept sub-standard quality housing and traffic at big city prices and expenses.

This brings me to another point… San Diego’s more exclusive areas are funded and built up by the very wealthy, the very elderly wealthy! It’s our growth industry – a soft climate and old folks…. I almost can’t stand La Jolla for the combination of little old rich people and tourists who seem bored out of their minds.

I think that as the air is let out of the bag, this place will suffer far worse than most other parts of the country. I think that it is a microcosm of the US but sort of one on steroids…. I think that because it lacks the underlying fundamentals and it has been built by speculators and bubbles that it will fall further and harder than most other areas. I talked to a couple from Switzerland yesterday – I asked why don’t they buy a condo here? With their economy and purchasing power. They said that they were bored, ran out of things to do, felt like they were in an old folks home, it’s too far away for them to ever use it, and they were on their way to NYC for the next 10 days. I think that the foreign investment was also speculator money – they aren’t coming here in droves and they aren’t here to stay – they bought into the cheap (to them) home/condo prices but see that the prices aren’t holding up.

[cyphire]

Yeah it is big news….

The reason is that San Diego is way to expensive for what you get…. Thats the position behind this part of the thread. I do find it hard to get away from San Diego, but when you look at the price you pay for the laid back, mellowness it makes you wonder…..

I think the problem is that the prices of real estate have gone up disproportion ally to the value of the area. I think that that may be the overwhelming sentiment of the Piggington site in general.

I lived in NYC in my 20’s, in Long Island for my early 30’s and back to the most expensive part of Manhattan for a couple of years in my late 30’s (before moving to San Diego). NYC does have its pros and cons… And it is way more expensive than San Diego… Part of the problem is our setting of definitions, of apples and oranges.

Manhattan and downtown San Diego do not compare… This is part of the comparison problem. Downtown San Diego is almost non-existent. One tiny area of Manhattan has more action, more people, more nightlife, more parks, more interesting attractions, more museums, culture, and personality than the entire downtown experience combined. Manhattan has more cool clubs on one street than exist in all of San Diego.

I live in La Jolla, and the only comparison I can make is one of the Nassau County towns which have money – but the difference is that a lot of people there can hop a train to Manhattan and be there in 30-40 min… (by the way right downtown). In Westchester it’s even better (15min-30min) and really in midtown. Subways, buses, Central Park, etc.

Both places have bad traffic, but San Diego has no other options, NYC does (real mass transit – even the wealthy use the subways (including the mayor – but he drives a convoy to get there!).

As to the rest of San Diego (including the north county) it’s a vast wasteland of brutally overpriced homes, suburban shopping and little else. It’s a nice place to raise kids, but doesn’t seem to have the real sense of community that you get in other places. (Just my opinion – probably because of it’s massive growth and the influx of foreigners!! (I mean me and the other Mid-west, North-East, North-West big city leaving folks!)

I’m not trying to bash San Diego here!!! I’m not! I somewhat like my life-style, but I’m an anomaly. I am just trying to be realistic about it’s economy, it’s job prospects, it’s business costs, it’s quality of life in comparison to it’s real estate prices. I am semi-retired (currently) and am looking at the next big thing business wise, and I’m not sure that its the place to be. I know I absolutely wouldn’t be here if I had to work for a living, getting a mediocre salary and had to accept sub-standard quality housing and traffic at big city prices and expenses.

This brings me to another point… San Diego’s more exclusive areas are funded and built up by the very wealthy, the very elderly wealthy! It’s our growth industry – a soft climate and old folks…. I almost can’t stand La Jolla for the combination of little old rich people and tourists who seem bored out of their minds.

I think that as the air is let out of the bag, this place will suffer far worse than most other parts of the country. I think that it is a microcosm of the US but sort of one on steroids…. I think that because it lacks the underlying fundamentals and it has been built by speculators and bubbles that it will fall further and harder than most other areas. I talked to a couple from Switzerland yesterday – I asked why don’t they buy a condo here? With their economy and purchasing power. They said that they were bored, ran out of things to do, felt like they were in an old folks home, it’s too far away for them to ever use it, and they were on their way to NYC for the next 10 days. I think that the foreign investment was also speculator money – they aren’t coming here in droves and they aren’t here to stay – they bought into the cheap (to them) home/condo prices but see that the prices aren’t holding up.

[San Diego Native]

As a Native San Diegan (La Jolla) who has also lived many other places in the world for extended periods of time, the lifestyle my family and I enjoy here, is perfect for us. Both my wife and I (who are in our 40’s) work in the very fast paced world of entertainment–film and television–in Hollywood (which, by the way, is where the REAL money is these days) but wanted to raise our kids in a more normal atmosphere near both of our very large extended families. We’re never bored, because we have the best of both worlds, and love every minute of it!

[San Diego Native]

As a Native San Diegan (La Jolla) who has also lived many other places in the world for extended periods of time, the lifestyle my family and I enjoy here, is perfect for us. Both my wife and I (who are in our 40’s) work in the very fast paced world of entertainment–film and television–in Hollywood (which, by the way, is where the REAL money is these days) but wanted to raise our kids in a more normal atmosphere near both of our very large extended families. We’re never bored, because we have the best of both worlds, and love every minute of it!

[San Diego Native]

As a Native San Diegan (La Jolla) who has also lived many other places in the world for extended periods of time, the lifestyle my family and I enjoy here, is perfect for us. Both my wife and I (who are in our 40’s) work in the very fast paced world of entertainment–film and television–in Hollywood (which, by the way, is where the REAL money is these days) but wanted to raise our kids in a more normal atmosphere near both of our very large extended families. We’re never bored, because we have the best of both worlds, and love every minute of it!

[CardiffBaseball]

I have thought about splitting myself, but I’d be uprooting the kids again. I can take a transfer to say Atlanta, and keep the same salary, but that place doesn’t interest me. Possibly one of the Texas cities, and of course Cleveland (due to family reasons) but I don’t want to go anywhere if there is a cut in pay involved, I have too many good things going on outside of work in the two years I’ve been here.

I am not quite 40 and some day I’ll probably go to NYC, but it’s never been a priority. From Youngstown where I previously lived it was around 400 miles away. Thinking back I should have just driven there at some point, but I was too provincial. I remember being in Tokyo in early 2001 and how my co-workers could not believe I had never been to NYC. The funny thing was I flew threw Newark, and remember looking out at the twin towers thinking, I ought to come out here some day. Now I can barely afford to fly home to visit family, and where I come from, you visit family before taking vacation.

In general I hate traveling anywhere. I probably burned out when I used to be a consultant who had to get on a plane and go somewhere every week. The flight to Tokyo was looonng. I also flew to Amsterdam a couple months later, and to Glasgow, and those weren’t too bad, but it does get tiresome sitting in that smelly tube.

[CardiffBaseball]

I have thought about splitting myself, but I’d be uprooting the kids again. I can take a transfer to say Atlanta, and keep the same salary, but that place doesn’t interest me. Possibly one of the Texas cities, and of course Cleveland (due to family reasons) but I don’t want to go anywhere if there is a cut in pay involved, I have too many good things going on outside of work in the two years I’ve been here.

I am not quite 40 and some day I’ll probably go to NYC, but it’s never been a priority. From Youngstown where I previously lived it was around 400 miles away. Thinking back I should have just driven there at some point, but I was too provincial. I remember being in Tokyo in early 2001 and how my co-workers could not believe I had never been to NYC. The funny thing was I flew threw Newark, and remember looking out at the twin towers thinking, I ought to come out here some day. Now I can barely afford to fly home to visit family, and where I come from, you visit family before taking vacation.

In general I hate traveling anywhere. I probably burned out when I used to be a consultant who had to get on a plane and go somewhere every week. The flight to Tokyo was looonng. I also flew to Amsterdam a couple months later, and to Glasgow, and those weren’t too bad, but it does get tiresome sitting in that smelly tube.

[CardiffBaseball]

I have thought about splitting myself, but I’d be uprooting the kids again. I can take a transfer to say Atlanta, and keep the same salary, but that place doesn’t interest me. Possibly one of the Texas cities, and of course Cleveland (due to family reasons) but I don’t want to go anywhere if there is a cut in pay involved, I have too many good things going on outside of work in the two years I’ve been here.

I am not quite 40 and some day I’ll probably go to NYC, but it’s never been a priority. From Youngstown where I previously lived it was around 400 miles away. Thinking back I should have just driven there at some point, but I was too provincial. I remember being in Tokyo in early 2001 and how my co-workers could not believe I had never been to NYC. The funny thing was I flew threw Newark, and remember looking out at the twin towers thinking, I ought to come out here some day. Now I can barely afford to fly home to visit family, and where I come from, you visit family before taking vacation.

In general I hate traveling anywhere. I probably burned out when I used to be a consultant who had to get on a plane and go somewhere every week. The flight to Tokyo was looonng. I also flew to Amsterdam a couple months later, and to Glasgow, and those weren’t too bad, but it does get tiresome sitting in that smelly tube.

[CardiffBaseball]

I have thought about splitting myself, but I’d be uprooting the kids again. I can take a transfer to say Atlanta, and keep the same salary, but that place doesn’t interest me. Possibly one of the Texas cities, and of course Cleveland (due to family reasons) but I don’t want to go anywhere if there is a cut in pay involved, I have too many good things going on outside of work in the two years I’ve been here.

I am not quite 40 and some day I’ll probably go to NYC, but it’s never been a priority. From Youngstown where I previously lived it was around 400 miles away. Thinking back I should have just driven there at some point, but I was too provincial. I remember being in Tokyo in early 2001 and how my co-workers could not believe I had never been to NYC. The funny thing was I flew threw Newark, and remember looking out at the twin towers thinking, I ought to come out here some day. Now I can barely afford to fly home to visit family, and where I come from, you visit family before taking vacation.

In general I hate traveling anywhere. I probably burned out when I used to be a consultant who had to get on a plane and go somewhere every week. The flight to Tokyo was looonng. I also flew to Amsterdam a couple months later, and to Glasgow, and those weren’t too bad, but it does get tiresome sitting in that smelly tube.

[CardiffBaseball]

I have thought about splitting myself, but I’d be uprooting the kids again. I can take a transfer to say Atlanta, and keep the same salary, but that place doesn’t interest me. Possibly one of the Texas cities, and of course Cleveland (due to family reasons) but I don’t want to go anywhere if there is a cut in pay involved, I have too many good things going on outside of work in the two years I’ve been here.

I am not quite 40 and some day I’ll probably go to NYC, but it’s never been a priority. From Youngstown where I previously lived it was around 400 miles away. Thinking back I should have just driven there at some point, but I was too provincial. I remember being in Tokyo in early 2001 and how my co-workers could not believe I had never been to NYC. The funny thing was I flew threw Newark, and remember looking out at the twin towers thinking, I ought to come out here some day. Now I can barely afford to fly home to visit family, and where I come from, you visit family before taking vacation.

In general I hate traveling anywhere. I probably burned out when I used to be a consultant who had to get on a plane and go somewhere every week. The flight to Tokyo was looonng. I also flew to Amsterdam a couple months later, and to Glasgow, and those weren’t too bad, but it does get tiresome sitting in that smelly tube.

[Author]

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