Most people here don’t care about real estate prices across the country, they care about san diego county real estate prices. Higher gas prices have never affected the real estate pricing in San Diego.
[quote=flu]You realize that the gas stations and refineries are just gouging the consumer. They’re playing on this fear you know…[/quote]
Absolutely, 100% correct. This is a created shortage and the media reporting stations running out of gas is helping to create a panic. The State benefits because they get more gas tax, so do not expect help from them. Also UCAN is not the same since Shames left. Interesting times.
“A lot of people on here seem to mention buying income property outside of CA. ”
Yes I am the one that says that the most.
However back to the main point… the price of gas will not affect the housing prices in San Diego. Never have and never will, plain and simple.
Similarly the San Diego housing market has consistently shown much higher valuations compared to the national real estate market. Furthermore the local market conditions in San Diego do not necessarily follow the national trends.
“When the federal gas tax of 18.4 cents per gallon is added, Californians pay 67 cents in taxes for every gallon of gas they purchase. Additionally, California’s general sales tax and various local sales taxes are levied on the sale of gasoline — and the sales tax is calculated after the state and federal excise taxes are added to the price, so motorists pay a tax on a tax.”
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