The Market this Fall

[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]

[quote=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.[/quote]

Absolutely agree with most of this though SD just doesnt seem like a major job center as it is too high cost and people will always agree to earn less in exchange for living here. But there are those whose income comes from outside of here.

Out with the lower wage earners who can work anywhere and in with the higher wage earners who can live anywhere.

Keep your eyes open for Al Gore in a wine bar near you now that he’s on the prowl.

[sdrealtor]

[quote=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.[/quote]

Absolutely agree with most of this though SD just doesnt seem like a major job center as it is too high cost and people will always agree to earn less in exchange for living here. But there are those whose income comes from outside of here.

Out with the lower wage earners who can work anywhere and in with the higher wage earners who can live anywhere.

Keep your eyes open for Al Gore in a wine bar near you now that he’s on the prowl.

[sdrealtor]

[quote=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.[/quote]

Absolutely agree with most of this though SD just doesnt seem like a major job center as it is too high cost and people will always agree to earn less in exchange for living here. But there are those whose income comes from outside of here.

Out with the lower wage earners who can work anywhere and in with the higher wage earners who can live anywhere.

Keep your eyes open for Al Gore in a wine bar near you now that he’s on the prowl.

[sdrealtor]

[quote=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.[/quote]

Absolutely agree with most of this though SD just doesnt seem like a major job center as it is too high cost and people will always agree to earn less in exchange for living here. But there are those whose income comes from outside of here.

Out with the lower wage earners who can work anywhere and in with the higher wage earners who can live anywhere.

Keep your eyes open for Al Gore in a wine bar near you now that he’s on the prowl.

[sdrealtor]

[quote=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.[/quote]

Absolutely agree with most of this though SD just doesnt seem like a major job center as it is too high cost and people will always agree to earn less in exchange for living here. But there are those whose income comes from outside of here.

Out with the lower wage earners who can work anywhere and in with the higher wage earners who can live anywhere.

Keep your eyes open for Al Gore in a wine bar near you now that he’s on the prowl.

[CA renter]

[quote=sdrealtor]

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

Of course it’s different from other places. My point is it’s ALWAYS been this different. Prices have always been higher here than in many other places because of these differences. The problem is that the spread is greater now (in some areas) than it has been in the past.

While I haven’t lived in other states, I’ve certainly traveled a fair amount and have friends/family in other states. I’ve also lived overseas as a child for a couple of years. I’m not trying to compare the differences WRT other places. I’m saying it’s not so “different” today compared to how it was decades ago. Yes, there are changes, but I do not think they warrant the high prices we’re seeing in many places.

The sun has always been here. The beach has always been here (some would argue the beach was a lot nicer decades ago). The weather has always been here. These are the reasons everyone cites when talking about how “different” it is here.

Yes, industries will change, and there will be booms and busts over time; but the main driver (weather) is no more different today than it was 20, 30, 50 years ago, relatively speaking.

edit/correction: Long, long ago, prices here were actually lower than other places, but that was because there were no jobs here, and the midwest had all the industry. In that sense, things have shifted, but it’s not like it justified the rapid price escalation in the past 10 years. It’s been a long, slow change.

[CA renter]

[quote=sdrealtor]

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

Of course it’s different from other places. My point is it’s ALWAYS been this different. Prices have always been higher here than in many other places because of these differences. The problem is that the spread is greater now (in some areas) than it has been in the past.

While I haven’t lived in other states, I’ve certainly traveled a fair amount and have friends/family in other states. I’ve also lived overseas as a child for a couple of years. I’m not trying to compare the differences WRT other places. I’m saying it’s not so “different” today compared to how it was decades ago. Yes, there are changes, but I do not think they warrant the high prices we’re seeing in many places.

The sun has always been here. The beach has always been here (some would argue the beach was a lot nicer decades ago). The weather has always been here. These are the reasons everyone cites when talking about how “different” it is here.

Yes, industries will change, and there will be booms and busts over time; but the main driver (weather) is no more different today than it was 20, 30, 50 years ago, relatively speaking.

edit/correction: Long, long ago, prices here were actually lower than other places, but that was because there were no jobs here, and the midwest had all the industry. In that sense, things have shifted, but it’s not like it justified the rapid price escalation in the past 10 years. It’s been a long, slow change.

[CA renter]

[quote=sdrealtor]

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

Of course it’s different from other places. My point is it’s ALWAYS been this different. Prices have always been higher here than in many other places because of these differences. The problem is that the spread is greater now (in some areas) than it has been in the past.

While I haven’t lived in other states, I’ve certainly traveled a fair amount and have friends/family in other states. I’ve also lived overseas as a child for a couple of years. I’m not trying to compare the differences WRT other places. I’m saying it’s not so “different” today compared to how it was decades ago. Yes, there are changes, but I do not think they warrant the high prices we’re seeing in many places.

The sun has always been here. The beach has always been here (some would argue the beach was a lot nicer decades ago). The weather has always been here. These are the reasons everyone cites when talking about how “different” it is here.

Yes, industries will change, and there will be booms and busts over time; but the main driver (weather) is no more different today than it was 20, 30, 50 years ago, relatively speaking.

edit/correction: Long, long ago, prices here were actually lower than other places, but that was because there were no jobs here, and the midwest had all the industry. In that sense, things have shifted, but it’s not like it justified the rapid price escalation in the past 10 years. It’s been a long, slow change.

[CA renter]

[quote=sdrealtor]

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

Of course it’s different from other places. My point is it’s ALWAYS been this different. Prices have always been higher here than in many other places because of these differences. The problem is that the spread is greater now (in some areas) than it has been in the past.

While I haven’t lived in other states, I’ve certainly traveled a fair amount and have friends/family in other states. I’ve also lived overseas as a child for a couple of years. I’m not trying to compare the differences WRT other places. I’m saying it’s not so “different” today compared to how it was decades ago. Yes, there are changes, but I do not think they warrant the high prices we’re seeing in many places.

The sun has always been here. The beach has always been here (some would argue the beach was a lot nicer decades ago). The weather has always been here. These are the reasons everyone cites when talking about how “different” it is here.

Yes, industries will change, and there will be booms and busts over time; but the main driver (weather) is no more different today than it was 20, 30, 50 years ago, relatively speaking.

edit/correction: Long, long ago, prices here were actually lower than other places, but that was because there were no jobs here, and the midwest had all the industry. In that sense, things have shifted, but it’s not like it justified the rapid price escalation in the past 10 years. It’s been a long, slow change.

[CA renter]

[quote=sdrealtor]

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

Of course it’s different from other places. My point is it’s ALWAYS been this different. Prices have always been higher here than in many other places because of these differences. The problem is that the spread is greater now (in some areas) than it has been in the past.

While I haven’t lived in other states, I’ve certainly traveled a fair amount and have friends/family in other states. I’ve also lived overseas as a child for a couple of years. I’m not trying to compare the differences WRT other places. I’m saying it’s not so “different” today compared to how it was decades ago. Yes, there are changes, but I do not think they warrant the high prices we’re seeing in many places.

The sun has always been here. The beach has always been here (some would argue the beach was a lot nicer decades ago). The weather has always been here. These are the reasons everyone cites when talking about how “different” it is here.

Yes, industries will change, and there will be booms and busts over time; but the main driver (weather) is no more different today than it was 20, 30, 50 years ago, relatively speaking.

edit/correction: Long, long ago, prices here were actually lower than other places, but that was because there were no jobs here, and the midwest had all the industry. In that sense, things have shifted, but it’s not like it justified the rapid price escalation in the past 10 years. It’s been a long, slow change.

[CA renter]

One more… 😉

What do you think would have happened to prices in our area if the govt hadn’t intervened in the RE/mortgage/credit markets at all?

Do you really believe we’d be seeing the same prices we’re seeing today?

Needless to say, I don’t.

Still, we have until 2012 to see who’s right, and I have every intention of making good on our bet if I should lose at that time. 🙂

[CA renter]

One more… 😉

What do you think would have happened to prices in our area if the govt hadn’t intervened in the RE/mortgage/credit markets at all?

Do you really believe we’d be seeing the same prices we’re seeing today?

Needless to say, I don’t.

Still, we have until 2012 to see who’s right, and I have every intention of making good on our bet if I should lose at that time. 🙂

[CA renter]

One more… 😉

What do you think would have happened to prices in our area if the govt hadn’t intervened in the RE/mortgage/credit markets at all?

Do you really believe we’d be seeing the same prices we’re seeing today?

Needless to say, I don’t.

Still, we have until 2012 to see who’s right, and I have every intention of making good on our bet if I should lose at that time. 🙂

[CA renter]

One more… 😉

What do you think would have happened to prices in our area if the govt hadn’t intervened in the RE/mortgage/credit markets at all?

Do you really believe we’d be seeing the same prices we’re seeing today?

Needless to say, I don’t.

Still, we have until 2012 to see who’s right, and I have every intention of making good on our bet if I should lose at that time. 🙂

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