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ha, i need more coffee

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That data is confusing

Total labor force=1581519(P)
Employment=1496395(P)
Unemployment=85124(P)

It does not seem to add up?

On the topic of rents. 2300+ for 3/2 SFR in Clairemont seems to be normal now. 2300+ for 2/2 condo in UTC also seems normal.

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[quote=FlyerInHi]I’ve been following news from Europe and, overall, the way Germany is welcoming 800,000 to 1 million refugees this year is in such contrast to the way we dealt with the few thousands of women and children who came here last year. Shame on us!

http://www.cnn.com/2015/09/02/europe/europe-migrants-welcome/%5B/quote%5D

Especially lame of both the UK and the USA. The UK and USA created the fiasco in Iraq, Syria and Libya. Germany opposed both the Iraq war, and the bombing in Libya. Now the Germany are taking in the resulting refugees while the UK and USA are doing nothing. The situation is diabolically unfair on the German taxpayers.

If I were the Germans I would sue the USA and UK for money to cover taking in the refugees.

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Dumb question. Does prop 13 protect tax rates even if you move out and turn the house into a rental? I assumed you had to be an owner occupier to benefit. I thought prop 13 was meant to protect old people from having their fixed costs change.

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[quote=FlyerInHi]Well, I think that American real estate was cheap (in relation to wages) before globalization. Now we have wealth from around the world chasing glamour cities.

London is the best example. The run up in prices benefited a small minority of Brits. But local people cannot afford London anymore on local wages (not if they are moving with nothing but a job from Manchester).
[/quote]

I agree housing in the US is cheap for what you get. Even in San Diego. I come from the UK, and the houses are tiny.

I would also say that people expectations change with rising prices. When I looked at living in London I did not expect a Single family home, or even a terraced house. My expectation was a apartment, or even a room. And I was willing to pay a lot for that room. Because it was ‘London’.

My takeaway from the OP’s link is that San Diego has had relatively small increases in Rent and House prices compared to other cities. I would LOVE it if Rich did an analysis of SF housing similar to his San Diego ‘Shambling Towards Affordability’. My feeling is that SF is now well beyond even the last bubble.

I would query the use of average wage. We know there is massive inequality in the USA. I certainly can’t afford a house in Birdrock, but there are plenty of lawyers and doctors that can. Starting Doctors wages (in some specialities) are increasing at 10% per year.

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$80 for around 2000 sqft every two weeks. I’m happy with how she cleans our house. Are you happy with the results? I you are happy then i think you are getting good deal at $14.

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UK weather is pretty mild – not much heat, but not much cold. Lot of drizzly rain. I’m from Ireland so I really appreciate SoCal weather. But Dallas is hell for me (similar to Raleigh). Humid and hot just kills me. My wife jokes that i cease functioning when the temperature gets over 80.

Being from the UK I am also used to smaller houses. Owning a detached home in San Diego is perfection.

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After I gave my notice the last place I rented was gone in an hour of my LL posting on craigslist. 17 people contacted my LL within a hour and he then took down the posting. He was surprised by the response to the advert. He rented to one of those 17 people that weekend, and fielded complaints from the people that did not get the place for a few days after that.

Some of the 17 people offered him more to rent the place, but he’s a nice guy and chose not to take advantage.

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I think using Craigslist as a research tool was their problem. Good apartments are gone in an hour on Craigslist while bad apartments tend to linger.

There are also scam artists putting up cheap apartments to collect ‘finders’ fees for non existent properties, or other dubious activities. These people post the same place over and over.

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OK. This one is really bizarre.

https://www.redfin.com/CA/San-Diego/4502-Hidalgo-Ave-92117/home/4946943

$185,000? This SFR is at the end of a cul-de-sac, has a pool (from satellite images), has a view. Can anyone tell me how you get this house for this price?

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From the UT article:

“Still, the outlook isn’t necessarily dire for the average family. Rent consumes less than half of a typical household’s income,”

HALF a household income on rent? That seems very high to me.

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[quote=The-Shoveler]Sure but it is a betrayal of trust if the sellers agent is NOT on the sellers side, anyway just be aware it may not sell and they may just leave you hanging and this type of thing happens a lot more often these days (and NO you will most likely never see the Deposit money).[/quote]

How can you not get the deposit if the buyer backs out? I thought that was the whole point of the deposit?

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[quote=svelte]I’ve been noticing that up here in north county too. I’ll be looking something up via Zillow and it’ll show houses that have sold recently on streets I drive and don’t recall even seeing a for sale sign at that house.

I don’t remember noticing that nearly as often in the past, even in the pre-crash days.[/quote]

Same in Clairemont. I’ve noticed a few sold houses that never went to market. Usually they have odd pricing – I’ve seen examples of high and low sale prices relative to local market. I wonder if the low prices are related to those ‘cash for houses’ signs that get put up.

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[quote=flu][quote=AN][quote=flu]When will I see $1400/month for a 1/1 in MM?

When will I see $4500/month for 1800sqft in Santa Clara?

:)[/quote]
Today:
http://sandiego.craigslist.org/nsd/apa/5029976437.html

:-D[/quote]

hahaha… That guy/girl/company is smoking some good crack.[/quote]

Look at this map
http://demographics.coopercenter.org/DotMap/index.html

And think about the other active thread on this site. Methinks Mira Mesa and CV have demographic driven price rises for both rent and purchase.

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[quote=FlyerInHi]To be fair, I believe those are surveys of large apartment complexes.
[/quote]

Apparently not just apartment complexes. This is their methodology:
http://www.zillow.com/research/zillow-rent-index-methodology-2393/

This is the actual link to Zillow blog article.
http://www.zillow.com/research/rent-growth-outpaces-home-values-9788/

Pretty interesting. Effectively housing will get your money if you buy or rent. If everyone is paid more, like in SF, rent will increase because of supply and demand.

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