People Fleeing San Diego!
Well maybe they’re not fleeing yet, but they’ve started to leave. According to an article in the Union Tribune, there was a net exodus of 43,126 people from San Diego county last year.
County demographers have forecast a long-term flattening in growth, although not a population decline. Housing analyst John Karevoll said he doubts the population loss is a long-term trend, nor does he believe it will have an impact on housing sales.
What is surprizing that John Karevoll predicts it will not affect housing sales. This is despite the fact that prices are dropping, inventory has more than doubled, time on market has increased 4 fold and interest rates are increasing. New home builders have started advertising on the radio, offering 10% worth of incentives and a new brand new Xterra or Beatle Bug. Is this guy smoking crack or is he just stupid? Or maybe he’s just trying to annoy me!
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March 31st, 2006 at 6:04 am
Interesting article. But where are they going is the question to ask. I bailed two years ago for the reason that SD is too expensive and too crowded. I might even come back now that everyone else is leaving!
March 31st, 2006 at 7:49 pm
they are coming to florida (my state) I heard that 1000 people a day come to this state…
Why the decrease in population? What is your unemployment rate? Our is like 3.2 for the state and like 3.0 for tampa bay…
April 2nd, 2006 at 6:45 am
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http://www.moneysmartz.com/weblog/archives/blogs/real_estate_investing_blogs/index.html
Best wishes on the continued success of your site and with your real estate investment portfolio.
Moneysmartz