The Market this Fall

[Aecetia]

Thanks. Good info. on how fast short sales can close if there is a desire to by the banks.

[CA renter]

[quote=sdrealtor]I’ll add one more log to the things are different around here now fire. 20 years ago and probably even 10 years, my friend moving here from NYC could have never lived here. He’s one of the millions of self-employed folks whose entire business focus, business model and ability to work from home have been enabled by technology. He was previously tied to the NY area but now he can live anywhere with high speed Internet, smartphones, video conferencing, acceptibility of teleconferencing, outsourcing etc. I run into many folks that could live anywhere and have chosen here. That wasnt part of the market here 20 yrs ago like it is today.[/quote]

I know a lot of people who moved here from somewhere else 10 or more years ago. It’s not a new trend.

We had high tech in the early 90s here too, and we also had a thriving aerospace/defense industry as well. Lots of high paid jobs were here before. Biotech has been here for a long time, and from what friends in the industry tell me, it’s been declining in San Diego since the early 2000s.

Sorry, sdr…I’ve lived in Southern California all my life, and this meme of “it’s different here” is actually quite old. They trot that out at the peak of every cycle in an attempt to justify irrational prices, and we see the same declines after every one of these periods of euphoria. If you study the history of real estate in California, you’ll see that real estate here is one of the most volatile markets in the U.S. One thing you can be assured of: we will always have RE bubbles in California, and at the peak of every single one, you’ll hear the cries of “it’s different here!” and “this time, it’s different.”

I’m not buying it.

[CA renter]

[quote=sdrealtor]I’ll add one more log to the things are different around here now fire. 20 years ago and probably even 10 years, my friend moving here from NYC could have never lived here. He’s one of the millions of self-employed folks whose entire business focus, business model and ability to work from home have been enabled by technology. He was previously tied to the NY area but now he can live anywhere with high speed Internet, smartphones, video conferencing, acceptibility of teleconferencing, outsourcing etc. I run into many folks that could live anywhere and have chosen here. That wasnt part of the market here 20 yrs ago like it is today.[/quote]

I know a lot of people who moved here from somewhere else 10 or more years ago. It’s not a new trend.

We had high tech in the early 90s here too, and we also had a thriving aerospace/defense industry as well. Lots of high paid jobs were here before. Biotech has been here for a long time, and from what friends in the industry tell me, it’s been declining in San Diego since the early 2000s.

Sorry, sdr…I’ve lived in Southern California all my life, and this meme of “it’s different here” is actually quite old. They trot that out at the peak of every cycle in an attempt to justify irrational prices, and we see the same declines after every one of these periods of euphoria. If you study the history of real estate in California, you’ll see that real estate here is one of the most volatile markets in the U.S. One thing you can be assured of: we will always have RE bubbles in California, and at the peak of every single one, you’ll hear the cries of “it’s different here!” and “this time, it’s different.”

I’m not buying it.

[CA renter]

[quote=sdrealtor]I’ll add one more log to the things are different around here now fire. 20 years ago and probably even 10 years, my friend moving here from NYC could have never lived here. He’s one of the millions of self-employed folks whose entire business focus, business model and ability to work from home have been enabled by technology. He was previously tied to the NY area but now he can live anywhere with high speed Internet, smartphones, video conferencing, acceptibility of teleconferencing, outsourcing etc. I run into many folks that could live anywhere and have chosen here. That wasnt part of the market here 20 yrs ago like it is today.[/quote]

I know a lot of people who moved here from somewhere else 10 or more years ago. It’s not a new trend.

We had high tech in the early 90s here too, and we also had a thriving aerospace/defense industry as well. Lots of high paid jobs were here before. Biotech has been here for a long time, and from what friends in the industry tell me, it’s been declining in San Diego since the early 2000s.

Sorry, sdr…I’ve lived in Southern California all my life, and this meme of “it’s different here” is actually quite old. They trot that out at the peak of every cycle in an attempt to justify irrational prices, and we see the same declines after every one of these periods of euphoria. If you study the history of real estate in California, you’ll see that real estate here is one of the most volatile markets in the U.S. One thing you can be assured of: we will always have RE bubbles in California, and at the peak of every single one, you’ll hear the cries of “it’s different here!” and “this time, it’s different.”

I’m not buying it.

[CA renter]

[quote=sdrealtor]I’ll add one more log to the things are different around here now fire. 20 years ago and probably even 10 years, my friend moving here from NYC could have never lived here. He’s one of the millions of self-employed folks whose entire business focus, business model and ability to work from home have been enabled by technology. He was previously tied to the NY area but now he can live anywhere with high speed Internet, smartphones, video conferencing, acceptibility of teleconferencing, outsourcing etc. I run into many folks that could live anywhere and have chosen here. That wasnt part of the market here 20 yrs ago like it is today.[/quote]

I know a lot of people who moved here from somewhere else 10 or more years ago. It’s not a new trend.

We had high tech in the early 90s here too, and we also had a thriving aerospace/defense industry as well. Lots of high paid jobs were here before. Biotech has been here for a long time, and from what friends in the industry tell me, it’s been declining in San Diego since the early 2000s.

Sorry, sdr…I’ve lived in Southern California all my life, and this meme of “it’s different here” is actually quite old. They trot that out at the peak of every cycle in an attempt to justify irrational prices, and we see the same declines after every one of these periods of euphoria. If you study the history of real estate in California, you’ll see that real estate here is one of the most volatile markets in the U.S. One thing you can be assured of: we will always have RE bubbles in California, and at the peak of every single one, you’ll hear the cries of “it’s different here!” and “this time, it’s different.”

I’m not buying it.

[CA renter]

[quote=sdrealtor]I’ll add one more log to the things are different around here now fire. 20 years ago and probably even 10 years, my friend moving here from NYC could have never lived here. He’s one of the millions of self-employed folks whose entire business focus, business model and ability to work from home have been enabled by technology. He was previously tied to the NY area but now he can live anywhere with high speed Internet, smartphones, video conferencing, acceptibility of teleconferencing, outsourcing etc. I run into many folks that could live anywhere and have chosen here. That wasnt part of the market here 20 yrs ago like it is today.[/quote]

I know a lot of people who moved here from somewhere else 10 or more years ago. It’s not a new trend.

We had high tech in the early 90s here too, and we also had a thriving aerospace/defense industry as well. Lots of high paid jobs were here before. Biotech has been here for a long time, and from what friends in the industry tell me, it’s been declining in San Diego since the early 2000s.

Sorry, sdr…I’ve lived in Southern California all my life, and this meme of “it’s different here” is actually quite old. They trot that out at the peak of every cycle in an attempt to justify irrational prices, and we see the same declines after every one of these periods of euphoria. If you study the history of real estate in California, you’ll see that real estate here is one of the most volatile markets in the U.S. One thing you can be assured of: we will always have RE bubbles in California, and at the peak of every single one, you’ll hear the cries of “it’s different here!” and “this time, it’s different.”

I’m not buying it.

[CA renter]

[quote=sdrealtor]I’ll add one more log to the things are different around here now fire. 20 years ago and probably even 10 years, my friend moving here from NYC could have never lived here. He’s one of the millions of self-employed folks whose entire business focus, business model and ability to work from home have been enabled by technology. He was previously tied to the NY area but now he can live anywhere with high speed Internet, smartphones, video conferencing, acceptibility of teleconferencing, outsourcing etc. I run into many folks that could live anywhere and have chosen here. That wasnt part of the market here 20 yrs ago like it is today.[/quote]

As far as technology enabling people to move here…it also enables them to move away. I’ve heard of more people using that technology to move AWAY from here to more affordable places, as they are not as tied to job centers (which SD is).

Many people find they’re much better situated, financially, when they move to a lower-cost state/city.

[CA renter]

[quote=sdrealtor]I’ll add one more log to the things are different around here now fire. 20 years ago and probably even 10 years, my friend moving here from NYC could have never lived here. He’s one of the millions of self-employed folks whose entire business focus, business model and ability to work from home have been enabled by technology. He was previously tied to the NY area but now he can live anywhere with high speed Internet, smartphones, video conferencing, acceptibility of teleconferencing, outsourcing etc. I run into many folks that could live anywhere and have chosen here. That wasnt part of the market here 20 yrs ago like it is today.[/quote]

As far as technology enabling people to move here…it also enables them to move away. I’ve heard of more people using that technology to move AWAY from here to more affordable places, as they are not as tied to job centers (which SD is).

Many people find they’re much better situated, financially, when they move to a lower-cost state/city.

[CA renter]

[quote=sdrealtor]I’ll add one more log to the things are different around here now fire. 20 years ago and probably even 10 years, my friend moving here from NYC could have never lived here. He’s one of the millions of self-employed folks whose entire business focus, business model and ability to work from home have been enabled by technology. He was previously tied to the NY area but now he can live anywhere with high speed Internet, smartphones, video conferencing, acceptibility of teleconferencing, outsourcing etc. I run into many folks that could live anywhere and have chosen here. That wasnt part of the market here 20 yrs ago like it is today.[/quote]

As far as technology enabling people to move here…it also enables them to move away. I’ve heard of more people using that technology to move AWAY from here to more affordable places, as they are not as tied to job centers (which SD is).

Many people find they’re much better situated, financially, when they move to a lower-cost state/city.

[CA renter]

[quote=sdrealtor]I’ll add one more log to the things are different around here now fire. 20 years ago and probably even 10 years, my friend moving here from NYC could have never lived here. He’s one of the millions of self-employed folks whose entire business focus, business model and ability to work from home have been enabled by technology. He was previously tied to the NY area but now he can live anywhere with high speed Internet, smartphones, video conferencing, acceptibility of teleconferencing, outsourcing etc. I run into many folks that could live anywhere and have chosen here. That wasnt part of the market here 20 yrs ago like it is today.[/quote]

As far as technology enabling people to move here…it also enables them to move away. I’ve heard of more people using that technology to move AWAY from here to more affordable places, as they are not as tied to job centers (which SD is).

Many people find they’re much better situated, financially, when they move to a lower-cost state/city.

[CA renter]

[quote=sdrealtor]I’ll add one more log to the things are different around here now fire. 20 years ago and probably even 10 years, my friend moving here from NYC could have never lived here. He’s one of the millions of self-employed folks whose entire business focus, business model and ability to work from home have been enabled by technology. He was previously tied to the NY area but now he can live anywhere with high speed Internet, smartphones, video conferencing, acceptibility of teleconferencing, outsourcing etc. I run into many folks that could live anywhere and have chosen here. That wasnt part of the market here 20 yrs ago like it is today.[/quote]

As far as technology enabling people to move here…it also enables them to move away. I’ve heard of more people using that technology to move AWAY from here to more affordable places, as they are not as tied to job centers (which SD is).

Many people find they’re much better situated, financially, when they move to a lower-cost state/city.

[sdrealtor]

People moving here from someplcae else is not a new trend. The types of people moving here is the new trend. The aerospace/defense industry of past was big business not the small more highly paid independent workers we see now. High tech didnt really even exist in the early 90’s…hello AOL can I get my 14K dial-up service?

The change began in the early 90’s but it is deep seeded now. It truly is different here than it was 20 to 30 years ago. Sure it is more volatile and prone to boom and bust. Never denied that and we have already seen a bigger boom here and a bigger bust than the more established east coast markets.

Not to state the obvious, but how would you know if it was different here than other places if you have only lived here?

[sdrealtor]

People moving here from someplcae else is not a new trend. The types of people moving here is the new trend. The aerospace/defense industry of past was big business not the small more highly paid independent workers we see now. High tech didnt really even exist in the early 90’s…hello AOL can I get my 14K dial-up service?

The change began in the early 90’s but it is deep seeded now. It truly is different here than it was 20 to 30 years ago. Sure it is more volatile and prone to boom and bust. Never denied that and we have already seen a bigger boom here and a bigger bust than the more established east coast markets.

Not to state the obvious, but how would you know if it was different here than other places if you have only lived here?

[sdrealtor]

People moving here from someplcae else is not a new trend. The types of people moving here is the new trend. The aerospace/defense industry of past was big business not the small more highly paid independent workers we see now. High tech didnt really even exist in the early 90’s…hello AOL can I get my 14K dial-up service?

The change began in the early 90’s but it is deep seeded now. It truly is different here than it was 20 to 30 years ago. Sure it is more volatile and prone to boom and bust. Never denied that and we have already seen a bigger boom here and a bigger bust than the more established east coast markets.

Not to state the obvious, but how would you know if it was different here than other places if you have only lived here?

[sdrealtor]

People moving here from someplcae else is not a new trend. The types of people moving here is the new trend. The aerospace/defense industry of past was big business not the small more highly paid independent workers we see now. High tech didnt really even exist in the early 90’s…hello AOL can I get my 14K dial-up service?

The change began in the early 90’s but it is deep seeded now. It truly is different here than it was 20 to 30 years ago. Sure it is more volatile and prone to boom and bust. Never denied that and we have already seen a bigger boom here and a bigger bust than the more established east coast markets.

Not to state the obvious, but how would you know if it was different here than other places if you have only lived here?

[Author]

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