Here’s something we haven’t looked at for a long time: San Diego
population growth and migration patterns.
This was a favorite topic of mine back in the day when San Diego’s
housing bubble cheerleaders implied some sort of population explosion
via their favorite catch-phrase, “Everyone wants to live here.”
In fact, San Diego’s population was growing quite modestly at the
height of the boom. And San Diego’s supply of housing was growing
faster than its population. And domestic migration was firmly
negative, meaning that more Americans were moving out of San Diego than
moving in. The mild population growth was in fact due to foreign
immigration and, moreso, to new San Diegans being born. (My
little joke at the time was that even Countrywide wasn’t yet making
home loans to fetuses).
But I digress. The point is that this once-popular topic has
lately been neglected here at Nerd’s Eye View. Let’s have a look
at the latest numbers: