- This topic has 6 replies, 4 voices, and was last updated 6 years, 7 months ago by gzz.
November 3, 2016 at 9:28 AM #22177November 3, 2016 at 9:35 AM #802999
Suburbs are more affordable.
People are finding out that if they can qualify for the tough Corporate apartment rental requirement they can easily buy a SFH in the suburbs.November 3, 2016 at 11:12 AM #803007
Also In LA (most likely SD as well), it is just a status thing.
Most of the Jobs are in the suburbs.November 3, 2016 at 12:07 PM #803008spdrunParticipant
I don’t think this study only covers downtown areas. At the very least, “suburban” parts of the city of SD are included, if not places like Encinitas and Carlsbad.November 3, 2016 at 1:18 PM #803010
While that maybe true I think it is mostly the large corporate apartment complex’s that are being counted.
This is where I think pricing will be a little softer going forward.
There are a lot less of those outside the major cities.
Just too hard to qualify for the corporate apartment complex’s, why not just buy a place a little further out.November 3, 2016 at 8:51 PM #803018kev374Participant
the whole housing ponzi scheme has been going on since 2000, for the last 16 years… I hope it all implodes spectacularly so that ordinary people can buy without taking serious financial risks.November 4, 2016 at 9:21 AM #803034gzzParticipant
The article is just click bait and dishonest talking about a plunge. Only thing really going down is bay area and NYC, and only after years of nosebleed increases.
The data tables are interesting though. The last 5 years San Diego has had below average rent growth and now is a pretty good deal. We are cheaper than Miami Chicago and Seattle and about the same as some places like New Orleans, Portland, Denver and Minneapolis.
Over time I bet some back office tech work moves here from the bay area. Talented people are willing to live here and it is just an hour flight with 25 flights a day between SAN and the bay area airports. I do day only trips up there about 15 times a year, go up at 7am go home at 7pm.
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