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+1 on on the beach lifestyle. That’s why we spend a lot of time in San Diego and HI, and, as has been said, most of our Boomer friends feel the same. Do have a few friends who prefer a mountain or desert lifestyle, so we just visit them when we feel the need for wide open spaces.

It’s also easy to visit other locales to enjoy more sophisticated aspects of
life–theater, shopping, fine dining, etc.–whenever a person might choose.

As far as the OP, I do think there may be a “priced out” effect in many aspects of life for much of society going forward.

However, even though the industries and faces may change over the years, (again, survival of the fittest) imo, in the net, with the population increasing at an exponential rate, I think the demand for housing (rented or owned) will remain strong in desirable areas.

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Although I’m not a realtor, the best deals I’ve seen via family, friends and acquaintances do usually seem to be all cash offers.

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We’re in the 92067 zip, RSF, and, I believe The Crosby is in the 92127 zip code. If anyone is interested in listings in either, just pull up 92127 or 92067 at sdlookup.com.

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Agree most making $200K+ are in higher positions, as are the family members I mentioned, who happen to be at various CA universities.

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[quote=ltsdd]For an administrator, $200K/year is an anomoly, unless you’re a president, chancellor or a dean of of law/medicine/dentistry. Many deans of “lesser” disciplines don’t even crack the 6 figure salary.[/quote]

That is absolutely correct. I was amazed also. They have been very fortunate, but there are income anomalies in every profession. In my profession, pilots can make anywhere from $35K (those starting out today with regional carriers) to $400K+ (for those high on the seniority lists with major carriers.)

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Always enjoy the articles Rich writes. I definitely think it will be interesting (and fun) to see which way things go wrt real estate in the coming decade or so.

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Just to clarify the “Academia” post. Family members I mentioned are in Academic Administration at the University level, which is the reason for the $200K+.

All admit they chose it because they enjoy it, and it provides a great income pretty much guaranteed for life (when you factor in their cool retirement package which they plan to take in their 50’s) + they all wanted to work and live in CA and found some great opportunities here.

Now back to our regularly scheduled programming. . .

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Although I got an engineering degree, I still prefer being a pilot and real estate investor, etc., but a few people in our extended family went the education route by choice, and some are raking in $200K+ in their positions at various levels, so it’s really not such a bad gig.

All of our careers have been union protected, with amazing benefits–all pretty much guaranteed for life–so I can see why some would still be attracted to the profession.

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As with all things, life eventually boils down to “survival of the fittest.”

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Our family has invested in RE around San Diego for years, as did most of our friends, but, as FIH said, I don’t think any of us had any idea it would turn out so well.

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[quote=Jim the Realtor]It’s not a nothing-burger, but any negative impact from QCOM layoffs on the local real estate market will be spread out over several years.

Here’s why – any homeowner today has several options to mitigate financial pain, more than ever before:

http://www.bubbleinfo.com/2015/07/22/qualcomm-layoffs-and-real-estate/%5B/quote%5D

Those are all interesting points, but, eventually, unless the individuals in question have trust funds or can tap a fully funded retirement, it may be difficult for them to replace their earning power in San Diego. We had a couple of neighbors in RSF who tried to do so during the last downturn, and it did not end well.

If someone chooses to deplete their finances to dangerously low levels, that is their option, but I sincerely hope we are not going to encourage people to avoid their responsibility to make payments on their homes–again.

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Over the years we’ve all seen various industries ebb and flow, come and go, so it’s not too surprising to see whats going on at QC.

That, along with the extreme cost of living in most cities that support tech makes life very volatile, and it must be really difficult for families to plan their lives.

I read that many people today may need to plan to change jobs 5-7 times in their lifetime, so that definitely makes it more difficult to get ahead–long term. Hopefully, things will work out well for those who have to make a change.

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Although written in 2010, I think this article pretty much answers the question:

http://www.realestatelawblogca.com/2010/01/26/oh-say-can-you-see-view-protection-in-california/

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My parents have a spectacular ocean view from their home in Sunset Cliffs. A few years ago, a neighbor did a teardown and built a home that blocks some of the other neighbors view of the ocean. Several residents tried to block the construction with no luck.

You can try contacting the city about it to see if you have any rights, or, possibly, contact your neighbors directly. Both may be worth a try.

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We’ve wondered about that also, flu, but we don’t know what might be going on either. Everywhere you go now, it looks like they are building on every last sliver of land they can find.

We don’t use SR-56 too often, and rarely during rush hours, but, I can only imagine what a nightmare that route will be when the construction on both sides is complete–especially for people trying to get off and on the freeway.

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