[KSMountain]

[quote=juice]Just to add my two cents here, all that is necessary to prove the point is to have a large enough number of qualified, upper income buyers not in aggregate, but simply relative to the supply of attractive 1+ million homes on the market in a very specific area, coastal San Diego. I think this is clearly the case when you consider the distribution of wealth in the region, not to mention buyers from outside the state and country.

Additionally, consider that many professionals in the most desirable areas have dual incomes and bring in over 200k+ a year. I can think of endless examples of North County couples we know who both work – one a doctor, one an engineer, one a pharmicist, one a sales engineer, one a teacher and the other a CPA. Again, overall they may represent a small percentage of total families, but in sheer numbers they are sufficient to provide continued demand for those houses.[/quote]
I agree with this whole post. We know several dual income professional couples who are significantly over the 200k sum. And yes, it’s not the percentage of them, but how many there are. That’s not even counting folks with old/inherited money.

[KSMountain]

[quote=juice]Just to add my two cents here, all that is necessary to prove the point is to have a large enough number of qualified, upper income buyers not in aggregate, but simply relative to the supply of attractive 1+ million homes on the market in a very specific area, coastal San Diego. I think this is clearly the case when you consider the distribution of wealth in the region, not to mention buyers from outside the state and country.

Additionally, consider that many professionals in the most desirable areas have dual incomes and bring in over 200k+ a year. I can think of endless examples of North County couples we know who both work – one a doctor, one an engineer, one a pharmicist, one a sales engineer, one a teacher and the other a CPA. Again, overall they may represent a small percentage of total families, but in sheer numbers they are sufficient to provide continued demand for those houses.[/quote]
I agree with this whole post. We know several dual income professional couples who are significantly over the 200k sum. And yes, it’s not the percentage of them, but how many there are. That’s not even counting folks with old/inherited money.

[KSMountain]

[quote=jimmyle]I also question your comment that Police Officers provide much more benefits to society than Engineers.
[/quote]

Well that whole subdiscussion treaded dangerously into “what is fair” territory. And that’s just silly because Life Is Not Fair.

If life were fair, and salaries were set based on their benefit to society, would baseball players make 100 (or even 500) times as much as teachers?

And yet, it is so.

Apart from the financial aspect, I personally feel Police and Engineers are both *indispensable* in our current society. Not sure how you would rank one versus the other. I guess I might say the average police officer provides more benefits to society than the average engineer, but I’m not sure.

[KSMountain]

[quote=jimmyle]I also question your comment that Police Officers provide much more benefits to society than Engineers.
[/quote]

Well that whole subdiscussion treaded dangerously into “what is fair” territory. And that’s just silly because Life Is Not Fair.

If life were fair, and salaries were set based on their benefit to society, would baseball players make 100 (or even 500) times as much as teachers?

And yet, it is so.

Apart from the financial aspect, I personally feel Police and Engineers are both *indispensable* in our current society. Not sure how you would rank one versus the other. I guess I might say the average police officer provides more benefits to society than the average engineer, but I’m not sure.

[KSMountain]

[quote=jimmyle]I also question your comment that Police Officers provide much more benefits to society than Engineers.
[/quote]

Well that whole subdiscussion treaded dangerously into “what is fair” territory. And that’s just silly because Life Is Not Fair.

If life were fair, and salaries were set based on their benefit to society, would baseball players make 100 (or even 500) times as much as teachers?

And yet, it is so.

Apart from the financial aspect, I personally feel Police and Engineers are both *indispensable* in our current society. Not sure how you would rank one versus the other. I guess I might say the average police officer provides more benefits to society than the average engineer, but I’m not sure.

[KSMountain]

[quote=jimmyle]I also question your comment that Police Officers provide much more benefits to society than Engineers.
[/quote]

Well that whole subdiscussion treaded dangerously into “what is fair” territory. And that’s just silly because Life Is Not Fair.

If life were fair, and salaries were set based on their benefit to society, would baseball players make 100 (or even 500) times as much as teachers?

And yet, it is so.

Apart from the financial aspect, I personally feel Police and Engineers are both *indispensable* in our current society. Not sure how you would rank one versus the other. I guess I might say the average police officer provides more benefits to society than the average engineer, but I’m not sure.

[KSMountain]

[quote=jimmyle]I also question your comment that Police Officers provide much more benefits to society than Engineers.
[/quote]

Well that whole subdiscussion treaded dangerously into “what is fair” territory. And that’s just silly because Life Is Not Fair.

If life were fair, and salaries were set based on their benefit to society, would baseball players make 100 (or even 500) times as much as teachers?

And yet, it is so.

Apart from the financial aspect, I personally feel Police and Engineers are both *indispensable* in our current society. Not sure how you would rank one versus the other. I guess I might say the average police officer provides more benefits to society than the average engineer, but I’m not sure.

[KSMountain]

Here’s a question:

Do you think the upcoming Whole Foods market in downtown Encinitas will help or hurt nearby real estate prices?

I can see arguments both ways…

[KSMountain]

Here’s a question:

Do you think the upcoming Whole Foods market in downtown Encinitas will help or hurt nearby real estate prices?

I can see arguments both ways…

[KSMountain]

Here’s a question:

Do you think the upcoming Whole Foods market in downtown Encinitas will help or hurt nearby real estate prices?

I can see arguments both ways…

[KSMountain]

Here’s a question:

Do you think the upcoming Whole Foods market in downtown Encinitas will help or hurt nearby real estate prices?

I can see arguments both ways…

[KSMountain]

Here’s a question:

Do you think the upcoming Whole Foods market in downtown Encinitas will help or hurt nearby real estate prices?

I can see arguments both ways…

[KSMountain]

We’ve lived in 92024 since ’94. My impression is that the area (especially the coastal part) has been gradually gentrifying, especially in the last 5 years.

I’m not an RE expert by any means, but it seems to me the gentrification and upscaling will increase 92024’s appeal to wealthier buyers.

From there I extrapolate that prices in 92024 will NOT get hammered in the next 2-3 years, however much I might like them to.

Here I’m not arguing that the weather has changed, but that the nature of the community and its prospective inhabitants seems to be changing.

You can add me to the camp that feel there are PLENTY of people who can afford a $1MM house. That number gets easier to hit with age, btw.

Many/most of us don’t currently feel as wealthy as we may have in 1999, but unless some crazy secular thing is about to befall us (possible but I hope not), our economy is cyclical and inevitably the pendulum is going to swing back towards party times, even if that is very hard to imagine currently.

[KSMountain]

We’ve lived in 92024 since ’94. My impression is that the area (especially the coastal part) has been gradually gentrifying, especially in the last 5 years.

I’m not an RE expert by any means, but it seems to me the gentrification and upscaling will increase 92024’s appeal to wealthier buyers.

From there I extrapolate that prices in 92024 will NOT get hammered in the next 2-3 years, however much I might like them to.

Here I’m not arguing that the weather has changed, but that the nature of the community and its prospective inhabitants seems to be changing.

You can add me to the camp that feel there are PLENTY of people who can afford a $1MM house. That number gets easier to hit with age, btw.

Many/most of us don’t currently feel as wealthy as we may have in 1999, but unless some crazy secular thing is about to befall us (possible but I hope not), our economy is cyclical and inevitably the pendulum is going to swing back towards party times, even if that is very hard to imagine currently.

[KSMountain]

We’ve lived in 92024 since ’94. My impression is that the area (especially the coastal part) has been gradually gentrifying, especially in the last 5 years.

I’m not an RE expert by any means, but it seems to me the gentrification and upscaling will increase 92024’s appeal to wealthier buyers.

From there I extrapolate that prices in 92024 will NOT get hammered in the next 2-3 years, however much I might like them to.

Here I’m not arguing that the weather has changed, but that the nature of the community and its prospective inhabitants seems to be changing.

You can add me to the camp that feel there are PLENTY of people who can afford a $1MM house. That number gets easier to hit with age, btw.

Many/most of us don’t currently feel as wealthy as we may have in 1999, but unless some crazy secular thing is about to befall us (possible but I hope not), our economy is cyclical and inevitably the pendulum is going to swing back towards party times, even if that is very hard to imagine currently.

[Author]

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