San Diego Economy? Strong? Weak?

[gandalf]

If the assessment of what happens to San Diego housing is ultimately a regional economic issue, what are you views on how San Diego’s economy fares through the next few years? What are our strenghts and weaknesses as a regional economy? How will this economic cycle play out?

[gandalf]

(Disclaimer, I’m not a professional economist, or an expert on the latest regional stats, but I’ll take a chance and throw some observations out there to start:)

Regional Strengths:

+ Military presence to increase? Defense contracting to remain high, big business here in SD, SAIC, GenAtm, etc..

+ Healthcare likely to see continued growth? Demographics, Fed/State revenue streams, insurance money, etc. BioTech venture cap?

+ Strong higher education institutions. Universities are regional economic growth engines, education, research, spin-offs, etc. (eg. Qualcomm effect)

Regional Weaknesses:

– Construction, real estate and mortgage finance getting hammered. Job statistics understate impact due to P/T, self-employed, etc.

– Tourism taking a hit? Business travel, conventions, households tightening their belts, price of gas from Arizona, airfare, etc.

– High-tech to slump because it’s a ‘leading’ industry, businesses spend on IT when they’re doing well, avoid IT during recessionary environments. Thoughts?

– Will city be able to avoid bankruptcy? Liabilities are insane and tax revenues are going down. Municipal and related industries to take a hit?

– Trade with Mexico, tourism, etc. dropping due to border issues? Reading about the impacts on Tijuana recently. Feedback here?

How does this economic cycle play out in the San Diego region?

[gandalf]

(Disclaimer, I’m not a professional economist, or an expert on the latest regional stats, but I’ll take a chance and throw some observations out there to start:)

Regional Strengths:

+ Military presence to increase? Defense contracting to remain high, big business here in SD, SAIC, GenAtm, etc..

+ Healthcare likely to see continued growth? Demographics, Fed/State revenue streams, insurance money, etc. BioTech venture cap?

+ Strong higher education institutions. Universities are regional economic growth engines, education, research, spin-offs, etc. (eg. Qualcomm effect)

Regional Weaknesses:

– Construction, real estate and mortgage finance getting hammered. Job statistics understate impact due to P/T, self-employed, etc.

– Tourism taking a hit? Business travel, conventions, households tightening their belts, price of gas from Arizona, airfare, etc.

– High-tech to slump because it’s a ‘leading’ industry, businesses spend on IT when they’re doing well, avoid IT during recessionary environments. Thoughts?

– Will city be able to avoid bankruptcy? Liabilities are insane and tax revenues are going down. Municipal and related industries to take a hit?

– Trade with Mexico, tourism, etc. dropping due to border issues? Reading about the impacts on Tijuana recently. Feedback here?

How does this economic cycle play out in the San Diego region?

[gandalf]

(Disclaimer, I’m not a professional economist, or an expert on the latest regional stats, but I’ll take a chance and throw some observations out there to start:)

Regional Strengths:

+ Military presence to increase? Defense contracting to remain high, big business here in SD, SAIC, GenAtm, etc..

+ Healthcare likely to see continued growth? Demographics, Fed/State revenue streams, insurance money, etc. BioTech venture cap?

+ Strong higher education institutions. Universities are regional economic growth engines, education, research, spin-offs, etc. (eg. Qualcomm effect)

Regional Weaknesses:

– Construction, real estate and mortgage finance getting hammered. Job statistics understate impact due to P/T, self-employed, etc.

– Tourism taking a hit? Business travel, conventions, households tightening their belts, price of gas from Arizona, airfare, etc.

– High-tech to slump because it’s a ‘leading’ industry, businesses spend on IT when they’re doing well, avoid IT during recessionary environments. Thoughts?

– Will city be able to avoid bankruptcy? Liabilities are insane and tax revenues are going down. Municipal and related industries to take a hit?

– Trade with Mexico, tourism, etc. dropping due to border issues? Reading about the impacts on Tijuana recently. Feedback here?

How does this economic cycle play out in the San Diego region?

[gandalf]

(Disclaimer, I’m not a professional economist, or an expert on the latest regional stats, but I’ll take a chance and throw some observations out there to start:)

Regional Strengths:

+ Military presence to increase? Defense contracting to remain high, big business here in SD, SAIC, GenAtm, etc..

+ Healthcare likely to see continued growth? Demographics, Fed/State revenue streams, insurance money, etc. BioTech venture cap?

+ Strong higher education institutions. Universities are regional economic growth engines, education, research, spin-offs, etc. (eg. Qualcomm effect)

Regional Weaknesses:

– Construction, real estate and mortgage finance getting hammered. Job statistics understate impact due to P/T, self-employed, etc.

– Tourism taking a hit? Business travel, conventions, households tightening their belts, price of gas from Arizona, airfare, etc.

– High-tech to slump because it’s a ‘leading’ industry, businesses spend on IT when they’re doing well, avoid IT during recessionary environments. Thoughts?

– Will city be able to avoid bankruptcy? Liabilities are insane and tax revenues are going down. Municipal and related industries to take a hit?

– Trade with Mexico, tourism, etc. dropping due to border issues? Reading about the impacts on Tijuana recently. Feedback here?

How does this economic cycle play out in the San Diego region?

[gandalf]

(Disclaimer, I’m not a professional economist, or an expert on the latest regional stats, but I’ll take a chance and throw some observations out there to start:)

Regional Strengths:

+ Military presence to increase? Defense contracting to remain high, big business here in SD, SAIC, GenAtm, etc..

+ Healthcare likely to see continued growth? Demographics, Fed/State revenue streams, insurance money, etc. BioTech venture cap?

+ Strong higher education institutions. Universities are regional economic growth engines, education, research, spin-offs, etc. (eg. Qualcomm effect)

Regional Weaknesses:

– Construction, real estate and mortgage finance getting hammered. Job statistics understate impact due to P/T, self-employed, etc.

– Tourism taking a hit? Business travel, conventions, households tightening their belts, price of gas from Arizona, airfare, etc.

– High-tech to slump because it’s a ‘leading’ industry, businesses spend on IT when they’re doing well, avoid IT during recessionary environments. Thoughts?

– Will city be able to avoid bankruptcy? Liabilities are insane and tax revenues are going down. Municipal and related industries to take a hit?

– Trade with Mexico, tourism, etc. dropping due to border issues? Reading about the impacts on Tijuana recently. Feedback here?

How does this economic cycle play out in the San Diego region?

[Aecetia]

G:

I think San Diego will stay strong and competitive even in a recession because of its location and weather. If there is a depression, all bets are off. Also, if cities continue to increase their sales tax to off set their declining revenues, then they will see people migrate to other cities were the sales tax is lower. El Cajon is a good example of this and the numbers are way down in Parkway Plaza mall because of the tax increase. If the cities try to balance the deficit on the backs of the tourists with TOT, then that will eventually catch up to them, too. Citizens are not stupid. Politicians think they can always raise business taxes, sales taxes, etc. and disguise them as fees and no one will be the wiser. That is their biggest problem. People will leave the State in droves to other States that are more business and retiree friendly. That will leave California much poorer, economically and socially. It is time they learned that you cannot tax your way into prosperity. It did not work for Rome and it will not work for the State.

[Aecetia]

G:

I think San Diego will stay strong and competitive even in a recession because of its location and weather. If there is a depression, all bets are off. Also, if cities continue to increase their sales tax to off set their declining revenues, then they will see people migrate to other cities were the sales tax is lower. El Cajon is a good example of this and the numbers are way down in Parkway Plaza mall because of the tax increase. If the cities try to balance the deficit on the backs of the tourists with TOT, then that will eventually catch up to them, too. Citizens are not stupid. Politicians think they can always raise business taxes, sales taxes, etc. and disguise them as fees and no one will be the wiser. That is their biggest problem. People will leave the State in droves to other States that are more business and retiree friendly. That will leave California much poorer, economically and socially. It is time they learned that you cannot tax your way into prosperity. It did not work for Rome and it will not work for the State.

[Aecetia]

G:

I think San Diego will stay strong and competitive even in a recession because of its location and weather. If there is a depression, all bets are off. Also, if cities continue to increase their sales tax to off set their declining revenues, then they will see people migrate to other cities were the sales tax is lower. El Cajon is a good example of this and the numbers are way down in Parkway Plaza mall because of the tax increase. If the cities try to balance the deficit on the backs of the tourists with TOT, then that will eventually catch up to them, too. Citizens are not stupid. Politicians think they can always raise business taxes, sales taxes, etc. and disguise them as fees and no one will be the wiser. That is their biggest problem. People will leave the State in droves to other States that are more business and retiree friendly. That will leave California much poorer, economically and socially. It is time they learned that you cannot tax your way into prosperity. It did not work for Rome and it will not work for the State.

[Aecetia]

G:

I think San Diego will stay strong and competitive even in a recession because of its location and weather. If there is a depression, all bets are off. Also, if cities continue to increase their sales tax to off set their declining revenues, then they will see people migrate to other cities were the sales tax is lower. El Cajon is a good example of this and the numbers are way down in Parkway Plaza mall because of the tax increase. If the cities try to balance the deficit on the backs of the tourists with TOT, then that will eventually catch up to them, too. Citizens are not stupid. Politicians think they can always raise business taxes, sales taxes, etc. and disguise them as fees and no one will be the wiser. That is their biggest problem. People will leave the State in droves to other States that are more business and retiree friendly. That will leave California much poorer, economically and socially. It is time they learned that you cannot tax your way into prosperity. It did not work for Rome and it will not work for the State.

[Aecetia]

G:

I think San Diego will stay strong and competitive even in a recession because of its location and weather. If there is a depression, all bets are off. Also, if cities continue to increase their sales tax to off set their declining revenues, then they will see people migrate to other cities were the sales tax is lower. El Cajon is a good example of this and the numbers are way down in Parkway Plaza mall because of the tax increase. If the cities try to balance the deficit on the backs of the tourists with TOT, then that will eventually catch up to them, too. Citizens are not stupid. Politicians think they can always raise business taxes, sales taxes, etc. and disguise them as fees and no one will be the wiser. That is their biggest problem. People will leave the State in droves to other States that are more business and retiree friendly. That will leave California much poorer, economically and socially. It is time they learned that you cannot tax your way into prosperity. It did not work for Rome and it will not work for the State.

[j]

Commercial vacancies point to weak. If 20% of commercial buildings are vacant I say weak. 18% plus is the same thing.

[j]

Commercial vacancies point to weak. If 20% of commercial buildings are vacant I say weak. 18% plus is the same thing.

[j]

Commercial vacancies point to weak. If 20% of commercial buildings are vacant I say weak. 18% plus is the same thing.

[j]

Commercial vacancies point to weak. If 20% of commercial buildings are vacant I say weak. 18% plus is the same thing.

[Author]

Posts