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cyphire
ParticipantYeah it is big news….
The reason is that San Diego is way to expensive for what you get…. Thats the position behind this part of the thread. I do find it hard to get away from San Diego, but when you look at the price you pay for the laid back, mellowness it makes you wonder…..
I think the problem is that the prices of real estate have gone up disproportion ally to the value of the area. I think that that may be the overwhelming sentiment of the Piggington site in general.
I lived in NYC in my 20’s, in Long Island for my early 30’s and back to the most expensive part of Manhattan for a couple of years in my late 30’s (before moving to San Diego). NYC does have its pros and cons… And it is way more expensive than San Diego… Part of the problem is our setting of definitions, of apples and oranges.
Manhattan and downtown San Diego do not compare… This is part of the comparison problem. Downtown San Diego is almost non-existent. One tiny area of Manhattan has more action, more people, more nightlife, more parks, more interesting attractions, more museums, culture, and personality than the entire downtown experience combined. Manhattan has more cool clubs on one street than exist in all of San Diego.
I live in La Jolla, and the only comparison I can make is one of the Nassau County towns which have money – but the difference is that a lot of people there can hop a train to Manhattan and be there in 30-40 min… (by the way right downtown). In Westchester it’s even better (15min-30min) and really in midtown. Subways, buses, Central Park, etc.
Both places have bad traffic, but San Diego has no other options, NYC does (real mass transit – even the wealthy use the subways (including the mayor – but he drives a convoy to get there!).
As to the rest of San Diego (including the north county) it’s a vast wasteland of brutally overpriced homes, suburban shopping and little else. It’s a nice place to raise kids, but doesn’t seem to have the real sense of community that you get in other places. (Just my opinion – probably because of it’s massive growth and the influx of foreigners!! (I mean me and the other Mid-west, North-East, North-West big city leaving folks!)
I’m not trying to bash San Diego here!!! I’m not! I somewhat like my life-style, but I’m an anomaly. I am just trying to be realistic about it’s economy, it’s job prospects, it’s business costs, it’s quality of life in comparison to it’s real estate prices. I am semi-retired (currently) and am looking at the next big thing business wise, and I’m not sure that its the place to be. I know I absolutely wouldn’t be here if I had to work for a living, getting a mediocre salary and had to accept sub-standard quality housing and traffic at big city prices and expenses.
This brings me to another point… San Diego’s more exclusive areas are funded and built up by the very wealthy, the very elderly wealthy! It’s our growth industry – a soft climate and old folks…. I almost can’t stand La Jolla for the combination of little old rich people and tourists who seem bored out of their minds.
I think that as the air is let out of the bag, this place will suffer far worse than most other parts of the country. I think that it is a microcosm of the US but sort of one on steroids…. I think that because it lacks the underlying fundamentals and it has been built by speculators and bubbles that it will fall further and harder than most other areas. I talked to a couple from Switzerland yesterday – I asked why don’t they buy a condo here? With their economy and purchasing power. They said that they were bored, ran out of things to do, felt like they were in an old folks home, it’s too far away for them to ever use it, and they were on their way to NYC for the next 10 days. I think that the foreign investment was also speculator money – they aren’t coming here in droves and they aren’t here to stay – they bought into the cheap (to them) home/condo prices but see that the prices aren’t holding up.
ParticipantYeah it is big news….
The reason is that San Diego is way to expensive for what you get…. Thats the position behind this part of the thread. I do find it hard to get away from San Diego, but when you look at the price you pay for the laid back, mellowness it makes you wonder…..
I think the problem is that the prices of real estate have gone up disproportion ally to the value of the area. I think that that may be the overwhelming sentiment of the Piggington site in general.
I lived in NYC in my 20’s, in Long Island for my early 30’s and back to the most expensive part of Manhattan for a couple of years in my late 30’s (before moving to San Diego). NYC does have its pros and cons… And it is way more expensive than San Diego… Part of the problem is our setting of definitions, of apples and oranges.
Manhattan and downtown San Diego do not compare… This is part of the comparison problem. Downtown San Diego is almost non-existent. One tiny area of Manhattan has more action, more people, more nightlife, more parks, more interesting attractions, more museums, culture, and personality than the entire downtown experience combined. Manhattan has more cool clubs on one street than exist in all of San Diego.
I live in La Jolla, and the only comparison I can make is one of the Nassau County towns which have money – but the difference is that a lot of people there can hop a train to Manhattan and be there in 30-40 min… (by the way right downtown). In Westchester it’s even better (15min-30min) and really in midtown. Subways, buses, Central Park, etc.
Both places have bad traffic, but San Diego has no other options, NYC does (real mass transit – even the wealthy use the subways (including the mayor – but he drives a convoy to get there!).
As to the rest of San Diego (including the north county) it’s a vast wasteland of brutally overpriced homes, suburban shopping and little else. It’s a nice place to raise kids, but doesn’t seem to have the real sense of community that you get in other places. (Just my opinion – probably because of it’s massive growth and the influx of foreigners!! (I mean me and the other Mid-west, North-East, North-West big city leaving folks!)
I’m not trying to bash San Diego here!!! I’m not! I somewhat like my life-style, but I’m an anomaly. I am just trying to be realistic about it’s economy, it’s job prospects, it’s business costs, it’s quality of life in comparison to it’s real estate prices. I am semi-retired (currently) and am looking at the next big thing business wise, and I’m not sure that its the place to be. I know I absolutely wouldn’t be here if I had to work for a living, getting a mediocre salary and had to accept sub-standard quality housing and traffic at big city prices and expenses.
This brings me to another point… San Diego’s more exclusive areas are funded and built up by the very wealthy, the very elderly wealthy! It’s our growth industry – a soft climate and old folks…. I almost can’t stand La Jolla for the combination of little old rich people and tourists who seem bored out of their minds.
I think that as the air is let out of the bag, this place will suffer far worse than most other parts of the country. I think that it is a microcosm of the US but sort of one on steroids…. I think that because it lacks the underlying fundamentals and it has been built by speculators and bubbles that it will fall further and harder than most other areas. I talked to a couple from Switzerland yesterday – I asked why don’t they buy a condo here? With their economy and purchasing power. They said that they were bored, ran out of things to do, felt like they were in an old folks home, it’s too far away for them to ever use it, and they were on their way to NYC for the next 10 days. I think that the foreign investment was also speculator money – they aren’t coming here in droves and they aren’t here to stay – they bought into the cheap (to them) home/condo prices but see that the prices aren’t holding up.
ParticipantYeah it is big news….
The reason is that San Diego is way to expensive for what you get…. Thats the position behind this part of the thread. I do find it hard to get away from San Diego, but when you look at the price you pay for the laid back, mellowness it makes you wonder…..
I think the problem is that the prices of real estate have gone up disproportion ally to the value of the area. I think that that may be the overwhelming sentiment of the Piggington site in general.
I lived in NYC in my 20’s, in Long Island for my early 30’s and back to the most expensive part of Manhattan for a couple of years in my late 30’s (before moving to San Diego). NYC does have its pros and cons… And it is way more expensive than San Diego… Part of the problem is our setting of definitions, of apples and oranges.
Manhattan and downtown San Diego do not compare… This is part of the comparison problem. Downtown San Diego is almost non-existent. One tiny area of Manhattan has more action, more people, more nightlife, more parks, more interesting attractions, more museums, culture, and personality than the entire downtown experience combined. Manhattan has more cool clubs on one street than exist in all of San Diego.
I live in La Jolla, and the only comparison I can make is one of the Nassau County towns which have money – but the difference is that a lot of people there can hop a train to Manhattan and be there in 30-40 min… (by the way right downtown). In Westchester it’s even better (15min-30min) and really in midtown. Subways, buses, Central Park, etc.
Both places have bad traffic, but San Diego has no other options, NYC does (real mass transit – even the wealthy use the subways (including the mayor – but he drives a convoy to get there!).
As to the rest of San Diego (including the north county) it’s a vast wasteland of brutally overpriced homes, suburban shopping and little else. It’s a nice place to raise kids, but doesn’t seem to have the real sense of community that you get in other places. (Just my opinion – probably because of it’s massive growth and the influx of foreigners!! (I mean me and the other Mid-west, North-East, North-West big city leaving folks!)
I’m not trying to bash San Diego here!!! I’m not! I somewhat like my life-style, but I’m an anomaly. I am just trying to be realistic about it’s economy, it’s job prospects, it’s business costs, it’s quality of life in comparison to it’s real estate prices. I am semi-retired (currently) and am looking at the next big thing business wise, and I’m not sure that its the place to be. I know I absolutely wouldn’t be here if I had to work for a living, getting a mediocre salary and had to accept sub-standard quality housing and traffic at big city prices and expenses.
This brings me to another point… San Diego’s more exclusive areas are funded and built up by the very wealthy, the very elderly wealthy! It’s our growth industry – a soft climate and old folks…. I almost can’t stand La Jolla for the combination of little old rich people and tourists who seem bored out of their minds.
I think that as the air is let out of the bag, this place will suffer far worse than most other parts of the country. I think that it is a microcosm of the US but sort of one on steroids…. I think that because it lacks the underlying fundamentals and it has been built by speculators and bubbles that it will fall further and harder than most other areas. I talked to a couple from Switzerland yesterday – I asked why don’t they buy a condo here? With their economy and purchasing power. They said that they were bored, ran out of things to do, felt like they were in an old folks home, it’s too far away for them to ever use it, and they were on their way to NYC for the next 10 days. I think that the foreign investment was also speculator money – they aren’t coming here in droves and they aren’t here to stay – they bought into the cheap (to them) home/condo prices but see that the prices aren’t holding up.
ParticipantPerryChase – once again you took the words right out of my mouth. I agree completely with your analysis.
My wife and I have been looking around the US and thinking about the world where to go to. It’s hard to get away from SD, but it’s also hard to stay.
Don’t get me wrong – it’s soft and comfortable here. It’s just not alive enough……
ParticipantPerryChase – once again you took the words right out of my mouth. I agree completely with your analysis.
My wife and I have been looking around the US and thinking about the world where to go to. It’s hard to get away from SD, but it’s also hard to stay.
Don’t get me wrong – it’s soft and comfortable here. It’s just not alive enough……
ParticipantPerryChase – once again you took the words right out of my mouth. I agree completely with your analysis.
My wife and I have been looking around the US and thinking about the world where to go to. It’s hard to get away from SD, but it’s also hard to stay.
Don’t get me wrong – it’s soft and comfortable here. It’s just not alive enough……
ParticipantI think the issue here is that San Diego is not NY, it’s not LA, it’s not Vienna, it’s not Tokyo, etc. But it is priced that way at least from a home perspective!
There is little to do here compared to a world-class city. The diversity and experience of NY makes San Diego pale in comparison.
We don’t have the industry or the business here. The housing cost vs. the business climate is way out of whack. My friend just sold his condo in NY for 650K…. It’s in the west village one of the coolest spots in Manhattan. While it is more expensive and smaller than a San Diego condo, it’s still in the same range. The difference is that NY salaries are huge compared to San Diego’s.
It was the building and the interest rates which allowed this place to go up in price the way it did. This always happens in CA. And just like before, our bottom will be much worse that the rest of the country….. Why? Because we are still San Diego, not NY, Chicago, Vienna, Stockholm, etc. And if you discount the really rich on the coast, and look at the rest of the population here, they are riding a dangerous roller coaster headed down.
By the way – perfect weather is great… But seasons are also. Most people would prefer the great weather, but fall and spring in NY blow away San Diego. Summer is hot – but there the beach is great when it is really hot – we don’t get the water temperatures or heat to make a beach great. Winter sucks in NYC – but there is fashion! Sweaters! Coats! Fur coats! Vacations! Snow!
The movers and the shakers live in NYC not in La Jolla. La Jolla is wealthy retired people. Rancho Santa Fe is wealthy retired people. The people in San Diego are great – but for example cute bubble-headed servers in restaurants don’t make this a world class city – just the opposite!
ParticipantI think the issue here is that San Diego is not NY, it’s not LA, it’s not Vienna, it’s not Tokyo, etc. But it is priced that way at least from a home perspective!
There is little to do here compared to a world-class city. The diversity and experience of NY makes San Diego pale in comparison.
We don’t have the industry or the business here. The housing cost vs. the business climate is way out of whack. My friend just sold his condo in NY for 650K…. It’s in the west village one of the coolest spots in Manhattan. While it is more expensive and smaller than a San Diego condo, it’s still in the same range. The difference is that NY salaries are huge compared to San Diego’s.
It was the building and the interest rates which allowed this place to go up in price the way it did. This always happens in CA. And just like before, our bottom will be much worse that the rest of the country….. Why? Because we are still San Diego, not NY, Chicago, Vienna, Stockholm, etc. And if you discount the really rich on the coast, and look at the rest of the population here, they are riding a dangerous roller coaster headed down.
By the way – perfect weather is great… But seasons are also. Most people would prefer the great weather, but fall and spring in NY blow away San Diego. Summer is hot – but there the beach is great when it is really hot – we don’t get the water temperatures or heat to make a beach great. Winter sucks in NYC – but there is fashion! Sweaters! Coats! Fur coats! Vacations! Snow!
The movers and the shakers live in NYC not in La Jolla. La Jolla is wealthy retired people. Rancho Santa Fe is wealthy retired people. The people in San Diego are great – but for example cute bubble-headed servers in restaurants don’t make this a world class city – just the opposite!
ParticipantI think the issue here is that San Diego is not NY, it’s not LA, it’s not Vienna, it’s not Tokyo, etc. But it is priced that way at least from a home perspective!
There is little to do here compared to a world-class city. The diversity and experience of NY makes San Diego pale in comparison.
We don’t have the industry or the business here. The housing cost vs. the business climate is way out of whack. My friend just sold his condo in NY for 650K…. It’s in the west village one of the coolest spots in Manhattan. While it is more expensive and smaller than a San Diego condo, it’s still in the same range. The difference is that NY salaries are huge compared to San Diego’s.
It was the building and the interest rates which allowed this place to go up in price the way it did. This always happens in CA. And just like before, our bottom will be much worse that the rest of the country….. Why? Because we are still San Diego, not NY, Chicago, Vienna, Stockholm, etc. And if you discount the really rich on the coast, and look at the rest of the population here, they are riding a dangerous roller coaster headed down.
By the way – perfect weather is great… But seasons are also. Most people would prefer the great weather, but fall and spring in NY blow away San Diego. Summer is hot – but there the beach is great when it is really hot – we don’t get the water temperatures or heat to make a beach great. Winter sucks in NYC – but there is fashion! Sweaters! Coats! Fur coats! Vacations! Snow!
The movers and the shakers live in NYC not in La Jolla. La Jolla is wealthy retired people. Rancho Santa Fe is wealthy retired people. The people in San Diego are great – but for example cute bubble-headed servers in restaurants don’t make this a world class city – just the opposite!
ParticipantYup… It’s no Orange County which has the same weather by the way! Our industry is second tier and the housing prices are insane. I don’t think that San Diego – sleepy as it is ever had the same type of neighborhoods and money that a lot of other cities have. I like it here… Don’t get me wrong. But I’m from New York City and this place is cow town. I have recently looked at Seattle and liked what I saw. But after a week there with no sunshine, decided I couldn’t hack it.
I think that it is insanely overpriced. As the economy softens a lot of people will be trying to sell to cash out. They are in for a rude awakening. We have diversified here in town, but we are still tiny industry-wise compared to other places. The level of debt here matches or exceeds any place in the country because of the home prices.
More importantly – the cost of doing business here is very high. Home prices for employees, electricity, water, wages, a work force that goes surfing!!!!, ahhh for a wet weather climate where people stay at their desks!
I think that the corrections will stay in place for many years to come. I have no crystal ball though – time will tell.
ParticipantYup… It’s no Orange County which has the same weather by the way! Our industry is second tier and the housing prices are insane. I don’t think that San Diego – sleepy as it is ever had the same type of neighborhoods and money that a lot of other cities have. I like it here… Don’t get me wrong. But I’m from New York City and this place is cow town. I have recently looked at Seattle and liked what I saw. But after a week there with no sunshine, decided I couldn’t hack it.
I think that it is insanely overpriced. As the economy softens a lot of people will be trying to sell to cash out. They are in for a rude awakening. We have diversified here in town, but we are still tiny industry-wise compared to other places. The level of debt here matches or exceeds any place in the country because of the home prices.
More importantly – the cost of doing business here is very high. Home prices for employees, electricity, water, wages, a work force that goes surfing!!!!, ahhh for a wet weather climate where people stay at their desks!
I think that the corrections will stay in place for many years to come. I have no crystal ball though – time will tell.
ParticipantYup… It’s no Orange County which has the same weather by the way! Our industry is second tier and the housing prices are insane. I don’t think that San Diego – sleepy as it is ever had the same type of neighborhoods and money that a lot of other cities have. I like it here… Don’t get me wrong. But I’m from New York City and this place is cow town. I have recently looked at Seattle and liked what I saw. But after a week there with no sunshine, decided I couldn’t hack it.
I think that it is insanely overpriced. As the economy softens a lot of people will be trying to sell to cash out. They are in for a rude awakening. We have diversified here in town, but we are still tiny industry-wise compared to other places. The level of debt here matches or exceeds any place in the country because of the home prices.
More importantly – the cost of doing business here is very high. Home prices for employees, electricity, water, wages, a work force that goes surfing!!!!, ahhh for a wet weather climate where people stay at their desks!
I think that the corrections will stay in place for many years to come. I have no crystal ball though – time will tell.
ParticipantI think that that is a core dump – I get the same results when I load a 16 bit OS/2 driver into windows vista…. Should I call my broker or a network engineer?
ParticipantI think that that is a core dump – I get the same results when I load a 16 bit OS/2 driver into windows vista…. Should I call my broker or a network engineer?
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