Prediction: San Diego market goes up 8%+ over the next year

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Submitted by gzz on July 11, 2016 - 10:04pm

Unemployment low

Rates at record lows

Stock Market at/near record high

New Construction Low

Rents beating inflation year after year

State and local govs staffing up after long period of cuts and hiring freezes

Spillover from the even hotter LA/SF markets

I am trying to think of a single bearish factor here, but I am at a loss. Problems with the Navy/Qualcomm I am not aware of?

Submitted by FlyerInHi on July 12, 2016 - 6:30pm.

spdrun wrote:
And that's a good thing. A jump from $7 and change to $15 is too high nationally. A compromise figure of $10-11 is about right to account for consumer prices.

Haha, you're just worried about more spending, more consumption, more profits, higher prices and economic gogo. You want economic stagnation and recession.

We know how to fix the economy. I'm glad the business community is coming to its senses. If you're in the business of selling, you want buyers to have the ability to buy.

Submitted by spdrun on July 12, 2016 - 7:41pm.

Damn right I do. And not ashamed of it. The good thing is that statistically, we'll see a recession before we'll see $15/hr in most of the US :)

God I love political obstruction. And you'll likely be able to buy even more property.

Disagree that the business community is coming to its senses. They want to pay employees as little as possible. They might need to raise wages in a more competitive market to attract employees, but they're not doing it out of altruism.

There's no profit motive in paying employees enough to buy your own product, because your employees are not your primary market.

Submitted by svelte on July 13, 2016 - 6:36am.

You may be right, gzz, it may go up 8%+ in San Diego market over the next year (July 2016 - July 2017).

I'm not as in tune with the market as I was in 2015, but judging from the lack of housing on the market I would probably say it is going to go up, but I'd take 3-5%. And most of that jump will be in the spring I'd guess. As another poster pointed out, it seems like prices don't go up much in the fall, but in the spring they take off.

Submitted by FlyerInHi on July 13, 2016 - 11:30am.

spdrun wrote:

There's no profit motive in paying employees enough to buy your own product, because your employees are not your primary market.

Of course businesses don't want to pay higher wages. But I see business support policies to increase aggregate wages because that's good for business. People are finally understanding that higher standards of living don't happen naturally as if there were natural laws of economics like there are laws of nature. After all, money is a human creation.

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