[an]

flu, thanks. I come here once in awhile to see if there’s anything worthwhile to post about (i.e. anything other than politics).

Yes, MM is on fire. But so is almost everywhere else in SD, IMHO. A run down 2/2 1000 sq-ft but with canyon view is around $540k now. A 3/2 1100 sq-ft is going for low to mid $600k. That’s pretty crazy.It’s no longer a boring suburb it used to be. It’s close to all the tech jobs in Sorrento Valley, the banking jobs in UTC. Then there’s the rumor of Apple opening up shop in either SV or UTC. Google is already in SV, so it’ll be interesting to see if they’ll start to expand here. Then there’s AMZN’s new campus that should open soon in UTC. Food options are starting to creeping up to Convoy level, but with much better parking. Much more Asian family vibe, hence so many Asian markets. Not to mention the craft beer scene. Once 3Roots open, it’ll definitely attract the younger crowds. My kids’ class are definitely very diverse, unless you think all Asians are the same lol.

[an]

[quote=temeculaguy]
Scenario 2, mid 20’s couple, no kids. Can’t give work location or income as they are relocating from Vietnam and will be arriving soon with capital, degrees and mastery of multiple languages. They have a strong desire to live in or near other Vietnamese speakers so as to not lose their skills. One of them also speaks Chinese. Both were English teachers for 3 years in Asia but teaching or language is not their degree nor what they will be doing for work once here, more of a hobby and a comfort to be near a community, not a necessity. She is Asian and fluent in English without an accent and he is a blond white kid who speaks, reads and writes Vietnamese which is fun to see in action. I’m at a loss where to direct them as they are not wanting to replicate where they were but would like to have some connection to people, cuisine and language of where they were. City heights/little saigon fits some of the list but not really, they are accustomed to either a more upscale or safer place without sounding too elitist. If someone is from there or has been there they will understand, they are district 1 people.[/quote]
Mira Mesa. That’s where the Vietnamese in San Diego who can afford to move out of City Heights move to. Now, if you’re talking 2nd and 3rd generation, then they’ll venture out to places like 4s and Del Sur, but being near family is quite important, so there are still quite a bit of 2nd and 3rd generation living in Mira Mesa. That’s why there are 2 Vietnamese market, 6+ Pho places, 3 non Pho noodle places, a bao place, 2 Viet-Cajon restaurants. Beyond Vietnamese food and restaurants, there’s a Korean market, a Filipino market, one 3 Ramen places (1 being one of the best in SD), etc. 85 degrees, etc. I can go on but you get my point. If they plan to have kids, their kids will fit right in.

If they like new and can afford 4S & Del Sur, they can also look at the newer homes/condos off Calle Cristobal and Camino Santa Fe. They’re about 2-5 years old. If they want to be a little further away, they can check out Sorrento Valley houses or Wateridge for townhouse.

If they want spanking new, they’re about to break ground on the 3Roots development. https://www.3rootssd.com/. Model should be available by the end of next year and fully built out in 2025.

[an]

[quote=zk]I don’t really think there are any.[/quote]
There are 2. City Heights and Mira Mesa. Linda Vista has some too.
[quote=zk]I read somewhere that Vietnamese has 56 different vowel sounds.[/quote]
There are 11 vowels and 5 accents. So, if you count the accents and how they change the sound of the vowels, then that’s correct.

[an]

[quote=flu]sink or swim. it’s not that hard to figure that one out. the great wealth inequality divide is about to get a lot worse.[/quote]
Just look at the bay for prime example.

[an]

So, who here bought 10 days ago? If you simply bought the DOW, you’re up about 5% in 10 days. If you bought the NASDAQ, you’re up 6.8%. Pretty awesome return.

[an]

[quote=FlyerInHi]This is just because wealth in increasingly created in the big metros. Top 10 or top 20.
After WWII infrastructure and suburbia allowed wealth the spread more evenly.
Now, the smartest people want to be in the big metros.[/quote]
Big metro is Texas like Dallas and Austin is a lot cheaper than Bakersfield, Temecula, Fresno, etc.

[an]

[quote=flu]lol… what $1.5 million buys in silicon valley…..

1700sqft 1970 home in Santa Clara.[/quote] or nothing in Cupertino. Cheapest there right now is $1.8 25. That’s the only place under $2m. It’s a 1400 sqft 3/1. If you want 2 bathroom, better be prepare to shell out $2.2m Lol

[an]

My oldest boy went to MBMA through 1st grade, the 2nd one went there through Kindergarten. My youngest is at MBMA now in the K-side. My oldest is now in 4th grade at Jonas Salk Elementary now. He always tested several grade above while at MBMA, but when he went to public, he’s essentially grade level, at least that was what his grades came out to be. For his 3rd grade State standardized test, he got 100% on both Math and English. So, I felt like both of my boys are exceling just fine at public school compare to MBMA. I do love how MBMA set a pretty strong fundamental for them and got them to love learning. So, I have no problem w/ MBMA, which is while my daughter is going there now. But, I’m also happy with their public school as well. So my daughter will be going to public school for 1st grade as well.

I do love the ability to walk them to school and save thousands of $ every year, which pays for their many extra curricular activities. The lack of commute also allow them to do more activities as well. Just something you might want to consider.

[an]

[quote=harvey]Yelling the same thing over and over doesn’t really help.[/quote]Help what exactly?

[an]

INCOME AND BENEFITS (IN 2015 INFLATION-ADJUSTED DOLLARS)
vs
INCOME AND BENEFITS (IN 2010 INFLATION-ADJUSTED DOLLARS)

I guess that where I misunderstood. If both said:
INCOME AND BENEFITS (IN 2017 INFLATION-ADJUSTED DOLLARS)
or
INCOME AND BENEFITS (INFLATION-ADJUSTED DOLLARS)

then I wouldn’t make the mistake I did. But if both # are 2017 inflation adjusted $, then I think there are A LOT more people in my area making A LOT more $ than I thought compare to the people around here just 7 years ago. AWESOME. Makes me even more positive on the strength of the hands of the owners.

[an]

Census = alternative data.
BLS uses Census data to calculate their data.
Rich uses BLS data to prove his point.

LoL

[an]

[quote=millennial][quote=AN][quote=millennial]If that 11% is correct then it probably means exactly that. Still not sure how it relates to higher property values. I think it may also have to do with older people moving out and younger families moving in[/quote]It’s related by more affluent people can afford higher home price. It would be more worrisome if less affluent people move in AND price went up. Now, that would be recipe for disaster. More affluent people can afford more. Age doesn’t matter. $100k income is $100k income, regardless if you’re 25 or 65.[/quote]
Age does matter. If you have someone who’s old and bought the house in 1970 and have a dual income earning family move in you may move per capita income for the new homeowner from 35k to 150k.[/quote]Does it matter less if the young couple moving out make $35k and a baby boomer couple moving in making $150k?

[an]

[quote=millennial]If that 11% is correct then it probably means exactly that. Still not sure how it relates to higher property values. I think it may also have to do with older people moving out and younger families moving in[/quote]It’s related by more affluent people can afford higher home price. It would be more worrisome if less affluent people move in AND price went up. Now, that would be recipe for disaster. More affluent people can afford more. Age doesn’t matter. $100k income is $100k income, regardless if you’re 25 or 65.

[an]

[quote=millennial][quote=AN][quote=millennial]It really could be as simple as people just making more money due to raises, inflation, or investment income.[/quote]Inflation isn’t huge over just 5 years time frame. As for the rest, does it really how more households are making their money? As long as they make more money, I think that’s all that matters.[/quote] I guess what I meant was that those are rationales for why median income in an area might have nothing to do with new affluent people moving in…and probably way more likely. Not sure what % of your zip code moves in a year, but I doubt it’s more than 3%. I[/quote]Off the cuff calculation, ~11% of household changed hands over 5 years give or take a few %. Which is a little less than 3%/year.

I never said median income have anything to do with more affluent people moving in. However, data showing more affluent families increasing while less affluent families decreasing in # does say exactly that.

[an]

[quote=Rich Toscano]To put some perspective on it, go look at the BLS per capita income data, which is not inflation adjusted.

From 2010 to 2015, nominal per capita income increased by over 21%. (Per capita is different from median household, but in terms of growth rates they are extremely similar).

To argue that nominal incomes from 2010-2015 increased less than 2% (no_such_reality) or that they decreased (AN) is way off base.[/quote]Why can’t you have both flat median household income and increasing per capita income?

[Author]

Posts