The Market this Fall

[sdrealtor]

[quote=sdduuuude][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]

sdr – I see a disconnect between this comment together and your comment on the substitution effect not being very strong.

If people can go anywhere, then the substitution effect is very strong due to the fact that this market is influenced by the pricing of similar neighborhoods all over the country.

I suspect “Recession II: The Sequel” will hit this area harder than “Recession 1: The Pop”.[/quote]

I dont see a disconnect at all. The point is he can go anywhere he wants to live for work but that doesnt change what kind of community he would actually live in. In my example, my friend could work from just about anywhere in the world BUT he has a young family and a certain lifestyle that is non-negotiable. ESCO aint even on his map. Nationally other similar demographic communities arent on the map because they aren’t “San Diego County”

[sdrealtor]

To add to your added post, the nice upper middle class communities in NCC arent all that large for metro area with 4M people. Back where I grew up in a metro only slightly larger there were alot more areas like this demographically. The “sdr areas” held up because there are enough people that can afford them, enough people coming to replace that who cant and enough people who will pay big rents to be here allowing many distressed homeowners to rent it out and hang on for better days. Bring on the next recession, I’m sure it will be as ugly as the last but I have confidence in the staying power and long term growth of my community. Quite simply, I beleive it is as good as it gets anywhere in the US if not the world.

[sdrealtor]

To add to your added post, the nice upper middle class communities in NCC arent all that large for metro area with 4M people. Back where I grew up in a metro only slightly larger there were alot more areas like this demographically. The “sdr areas” held up because there are enough people that can afford them, enough people coming to replace that who cant and enough people who will pay big rents to be here allowing many distressed homeowners to rent it out and hang on for better days. Bring on the next recession, I’m sure it will be as ugly as the last but I have confidence in the staying power and long term growth of my community. Quite simply, I beleive it is as good as it gets anywhere in the US if not the world.

[sdrealtor]

To add to your added post, the nice upper middle class communities in NCC arent all that large for metro area with 4M people. Back where I grew up in a metro only slightly larger there were alot more areas like this demographically. The “sdr areas” held up because there are enough people that can afford them, enough people coming to replace that who cant and enough people who will pay big rents to be here allowing many distressed homeowners to rent it out and hang on for better days. Bring on the next recession, I’m sure it will be as ugly as the last but I have confidence in the staying power and long term growth of my community. Quite simply, I beleive it is as good as it gets anywhere in the US if not the world.

[sdrealtor]

To add to your added post, the nice upper middle class communities in NCC arent all that large for metro area with 4M people. Back where I grew up in a metro only slightly larger there were alot more areas like this demographically. The “sdr areas” held up because there are enough people that can afford them, enough people coming to replace that who cant and enough people who will pay big rents to be here allowing many distressed homeowners to rent it out and hang on for better days. Bring on the next recession, I’m sure it will be as ugly as the last but I have confidence in the staying power and long term growth of my community. Quite simply, I beleive it is as good as it gets anywhere in the US if not the world.

[sdrealtor]

To add to your added post, the nice upper middle class communities in NCC arent all that large for metro area with 4M people. Back where I grew up in a metro only slightly larger there were alot more areas like this demographically. The “sdr areas” held up because there are enough people that can afford them, enough people coming to replace that who cant and enough people who will pay big rents to be here allowing many distressed homeowners to rent it out and hang on for better days. Bring on the next recession, I’m sure it will be as ugly as the last but I have confidence in the staying power and long term growth of my community. Quite simply, I beleive it is as good as it gets anywhere in the US if not the world.

[sdduuuude]

[quote=sdrealtor]To add to your added post, the nice upper middle class communities in NCC arent all that large for metro area with 4M people. [/quote]

This is a much more compelling argument, for sure, if it is correct. In God we trust – everyone else bring data.

[sdduuuude]

[quote=sdrealtor]To add to your added post, the nice upper middle class communities in NCC arent all that large for metro area with 4M people. [/quote]

This is a much more compelling argument, for sure, if it is correct. In God we trust – everyone else bring data.

[sdduuuude]

[quote=sdrealtor]To add to your added post, the nice upper middle class communities in NCC arent all that large for metro area with 4M people. [/quote]

This is a much more compelling argument, for sure, if it is correct. In God we trust – everyone else bring data.

[sdduuuude]

[quote=sdrealtor]To add to your added post, the nice upper middle class communities in NCC arent all that large for metro area with 4M people. [/quote]

This is a much more compelling argument, for sure, if it is correct. In God we trust – everyone else bring data.

[sdduuuude]

[quote=sdrealtor]To add to your added post, the nice upper middle class communities in NCC arent all that large for metro area with 4M people. [/quote]

This is a much more compelling argument, for sure, if it is correct. In God we trust – everyone else bring data.

[Cube]

[quote=sdrealtor]… The vast majority of buyers in the San Dieguito school district arent sitting around saying if Escondido drops another 100K I’m there. [/quote]

Surely at some price drop this would be true. With the savings, they could send their kids to private school.

[Cube]

[quote=sdrealtor]… The vast majority of buyers in the San Dieguito school district arent sitting around saying if Escondido drops another 100K I’m there. [/quote]

Surely at some price drop this would be true. With the savings, they could send their kids to private school.

[Cube]

[quote=sdrealtor]… The vast majority of buyers in the San Dieguito school district arent sitting around saying if Escondido drops another 100K I’m there. [/quote]

Surely at some price drop this would be true. With the savings, they could send their kids to private school.

[Cube]

[quote=sdrealtor]… The vast majority of buyers in the San Dieguito school district arent sitting around saying if Escondido drops another 100K I’m there. [/quote]

Surely at some price drop this would be true. With the savings, they could send their kids to private school.

[Author]

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