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It still amazes me that only around 5% of the US population have a sustained net worth of over a million or more–which is really the “bottom
line”–regardless of age–or how you got there.

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Just as I would have liked to have entered the real estate investment market in CA at the turn of the last century, as many of my family members did, I talk to lots of people who wish they had done so 20+ years ago when I did, but were too young, and/or unable to get involved at that point in time, so now, they are doing the best they can with the cards they have been dealt.

Like many of you folks–based upon the time they entered the market–they are doing just fine in that quest. Will it ever be as lucrative as it was for those who got in earlier, and were easily able to retire quite young if they chose to? I definitely think it’s possible, but only time will tell, since, IMO, there are far too many variables in the world to consider it a slam dunk.

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As a San Diego native, I do think the area does have more to offer now than it did many years ago, but that has come at a price. My wife and I remember when the beaches we love in Del Mar, Torrey Pines and Coronado were relatively “empty,”
traffic was minimal–and the list goes on–so we appreciate the “enchancements” the city has enjoyed, but also fondly remember the past.

As far as San Diego being boring. I can only speak from our experinces, but we’ve visited and lived many other places in the world over the years, and, even though we’ve looked at moving elsewhere, we’ve found there is no place else we’d rather be on a permanent basis–for tons of reasons. We’ve managed to live full and exciting (definitely not “boring”) lives–with San Diego as our home base–so it is definitely possible.

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Need to make a correction to that 7 Million number I mentioned. 7 million renters are actually the number of renters that have been ADDED to the growing ranks of renters in CA in just the last decade. Great for us landlords–not so great for others.

No boomers we know have gone into foreclosure, as none of our parents have, or anyone else whe know for that matter–but, perhaps, these are exceptions.

I follow the stats closely, and it will be interesting to see how well younger generations do concerning property going forward.

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I agree that very few “Boomers” are moving out of SoCal–we’re boomers–and no one we know is. From what I’ve read, it’s many younger people who can’t afford to stay, are tired of being one of the 7 million+ and growing, renters, and/or find better job options elsewhere.

CA has always been a double-edged sword when it comes to housing. Most people enjoy seeing double digit appreciation for themselves, but it doesn’t work out as well when their kids want to buy homes. Probably why almost 3 million young adults in CA–some into their 30’s are living at home–with no end to this trend in sight.

Not that it’s not great to have your kids around–we love our kids as much as anyone–but, now that they are adults, we’re still very glad they have their own homes.

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Be sure to check out the Festival of the Arts in Laguna during the summer, and The Pageant of the Masters (staged “living art). We’ve traveled to galleries all over the world, and this is an event not to be missed.

Pageant of the Masters

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Laguna Beach is fantastic, scaredy. We have some family members and friends who live there, as well as Dana Point and Malibu, so we visit often. They’ve tried to get us to move north, but we actually prefer coastal San Diego for many reasons.

I think your idea of renting first might be a good idea, before you shell out the big bucks to buy.

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It’s definitely true that “stuff” can own you, if you allow it to. Perhaps, as human beings, we tend to cling to “things” in order to validate our existence, and to give ourselves a greater sense of self worth.

Realizing that everything on earth is temporary–great to have while you’re here, and then pass it on–really puts the value of “stuff” into perspective for me.

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I agree with you, flu. My comment about “making a killing” was actually meant to include all of CA, not just San Diego, and, even then, I do realize that applies mostly to niche populations–some of which you mentioned–and some of which are represented here on Piggington.

Also, I think you hit the nail on the head when you mentioned creating a “sustainablity” factor. IMO, this factor is “a,” and possibly “the” key determinant for individuals or families who wish to stay in CA for the
long-term.

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Agree many of us are doing very well living in CA, in fact, many of us are making a “killing,” but, it seems that percentage is still quite low (according to the stats I’ve read.) I think, perhaps, the article may be more relevant to the population at large.

“Piggs” have much to be “thankful” for, indeed.

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Agree international migration is not a “bad thing,” but, as the article mentions, the increased demand may push others out.

Personally, as a real estate investor, I’m thrilled with the increased demand for property in CA–wherever it may come from–but, as this article points out, there is always a “flip-side” to every issue–and that’s why I posted it for discussion.

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“As You Like It” was first published in 1623–so this monologue has been reminding us of our mortality for centuries. As the Bard himself might say, “The world awaits your contribution.”

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scaredy, here’s an excellent performance by Morgan Freeman. . .

https://www.youtube.com/watch?v=ziXqEX6AwKA

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It’s been interesting to read all of these comments on neatness vs. clutter, since I’ve never really thought much about this topic before. I can imagine either extreme might indicate something more than the obvious might lie beneath the surface.

A friend (actually a TV star my wife knows) who used to run excessively–almost to the point of physical destruction–finally decided to go into therapy, and uncovered the “real reasons” he was pushing himself past the point of no return.

He admitted he really didn’t know why he was doing what he was doing with regard to running, but mentioned terms like “mental clutter” when referring to his situation. It’s been very clear that the revelations he gained from the therapy changed his life for the better, and that’s always a good thing.

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You are correct. . . temporality personified. . .

Shakespeare’s All the World’s a Stage monologue (Also called “The Seven Ages of Man.” from “As You LIke It”)

All the world’s a stage,
And all the men and women merely players.
They have their exits and their entrances,
And one man in his time plays many parts,
His acts being seven ages.

At first the infant,
Mewling and puking in the nurse’s arms.

Then, the whining school-boy with his satchel
And shining morning face, creeping like a snail
Unwillingly to school.

And then the lover,
Sighing like furnace, with a woeful ballad
Made to his mistress’ eyebrow.

Then, a soldier,
Full of strange oaths, and bearded like the pard,
Jealous in honour, sudden, and quick in quarrel,
Seeking the bubble reputation
Even in the cannon’s mouth.

And then, the justice,
In fair round belly, with a good capon lined,
With eyes severe, and beard of formal cut,
Full of wise saws, and modern instances,
And so he plays his part.

The sixth age shifts
Into the lean and slippered pantaloon,
With spectacles on nose and pouch on side,
His youthful hose, well saved, a world too wide
For his shrunk shank, and his big manly voice,
Turning again toward childish treble, pipes
And whistles in his sound.

Last scene of all,
That ends this strange eventful history,
Is second childishness and mere oblivion,
Sans teeth, sans eyes, sans taste, sans everything.”

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