San Diego drastically outperforms Bay and LA on rents

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Submitted by gzz on June 23, 2021 - 8:30am

LA City only and all of the Bay area see large rent declines.

San Diego is +7% on 1 bedrooms and +18% on two bedrooms.

https://www.apartmentguide.com/blog/apar...

Submitted by EconProf on July 17, 2021 - 7:23am.

sdrealtor wrote:
EconProf wrote:
sdr, thanks for making my point. Working from home means people are choosing to live away from the big cities and are moving into exurban areas, or entirely different states. Thus the move out of CA to neighboring states while keeping their job and "checking in" at the home office weekly or monthly.
Your comment that people moving "says nothing about politics"...? For many people,it might be fully explained by politics of the two areas.
Here in St. George are two trends that prove that. Direct flights from LA to little St. George were recently introduced to accommodate such workers. Housing developments near our airport are exploding. And if they spend 51% of their days here, they escape CA taxes. Second, many Californians have second homes here, and due to the COVID lockdowns in CA are spending more of their time in Utah where our schools and universities stayed largely open. Enrollment in the local university during COVID jumped about 10% while CA universities went to useless distance "learning".

St George is over 300 miles from salt lake city and is in the middle of nowhere. It has no industry to speak of, a college that is more comparable to a community college here than a research university and a population significantly smaller than Carlsbad. A few hundred or even thousand people going there isn't even a rounding error vis a vis the CA population. CA still is the Golden State and more wealth is created in SD County than the entire state of Utah. SD companies received more venture funding this quarter then the entire State of Utah does for a full year. That won't change. You'll dominate the bingo halls

sdr: OK, you have convinced me. You are right, I am wrong. So I'll stop our exchanges here.
After all, the Census Bureau is just lying about people leaving CA for neighboring states in increasing numbers. And people don't care about cost of living and housing and taxes when they decide where they live. They want good Thai restaurants. And CA schools are better because of high per-pupil spending. And roads too. And people don't mind high taxes because bigger government is good for everyone, especially the homeless, who now come not just from the rest of the US, but now from the world. Diversity, you know. And then there's the ocean.
So I give up. This site is all yours.

Submitted by sdrealtor on July 17, 2021 - 10:54am.

EconProf wrote:
sdrealtor wrote:
EconProf wrote:
sdr, thanks for making my point. Working from home means people are choosing to live away from the big cities and are moving into exurban areas, or entirely different states. Thus the move out of CA to neighboring states while keeping their job and "checking in" at the home office weekly or monthly.
Your comment that people moving "says nothing about politics"...? For many people,it might be fully explained by politics of the two areas.
Here in St. George are two trends that prove that. Direct flights from LA to little St. George were recently introduced to accommodate such workers. Housing developments near our airport are exploding. And if they spend 51% of their days here, they escape CA taxes. Second, many Californians have second homes here, and due to the COVID lockdowns in CA are spending more of their time in Utah where our schools and universities stayed largely open. Enrollment in the local university during COVID jumped about 10% while CA universities went to useless distance "learning".

St George is over 300 miles from salt lake city and is in the middle of nowhere. It has no industry to speak of, a college that is more comparable to a community college here than a research university and a population significantly smaller than Carlsbad. A few hundred or even thousand people going there isn't even a rounding error vis a vis the CA population. CA still is the Golden State and more wealth is created in SD County than the entire state of Utah. SD companies received more venture funding this quarter then the entire State of Utah does for a full year. That won't change. You'll dominate the bingo halls

sdr: OK, you have convinced me. You are right, I am wrong. So I'll stop our exchanges here.
After all, the Census Bureau is just lying about people leaving CA for neighboring states in increasing numbers. And people don't care about cost of living and housing and taxes when they decide where they live. They want good Thai restaurants. And CA schools are better because of high per-pupil spending. And roads too. And people don't mind high taxes because bigger government is good for everyone, especially the homeless, who now come not just from the rest of the US, but now from the world. Diversity, you know. And then there's the ocean.
So I give up. This site is all yours.

Still no real data to support his case And he still ignores the elephant in the room. Median home price almost $500k and median income under $50k in St George. That's a bubble!

Submitted by Coronita on July 17, 2021 - 11:25am.

o54

BINGO!

Submitted by sdrealtor on July 17, 2021 - 11:51am.

You cursed me! My community just announced they will start Wednesday Night Bingo at our clubhouse

Submitted by gzz on July 29, 2021 - 1:54pm.

Gigantic UCSD housing shortage sends UTC rents up 17%:

https://www.sandiegouniontribune.com/new...

"La Jolla has been a focal point of the expansion. Since 2015, UCSD has increased its undergraduate enrollment by 5,252 — more than any other UC school. "

Submitted by The-Shoveler on July 29, 2021 - 4:10pm.

LAUSD is threating to lock down again, not sure if that applies to UC schools or not, but it looks like LAUSD may go back to remote learning.

Submitted by an on July 29, 2021 - 5:29pm.

The-Shoveler wrote:
LAUSD is threating to lock down again, not sure if that applies to UC schools or not, but it looks like LAUSD may go back to remote learning.

Lucky we're not in LA... If I was, I'd seriously consider private school.

Submitted by Coronita on July 29, 2021 - 6:06pm.

The-Shoveler wrote:
LAUSD is threating to lock down again, not sure if that applies to UC schools or not, but it looks like LAUSD may go back to remote learning.

LAUSD is offering free lunches for all students....

Submitted by an on July 29, 2021 - 6:47pm.

Coronita wrote:
The-Shoveler wrote:
LAUSD is threating to lock down again, not sure if that applies to UC schools or not, but it looks like LAUSD may go back to remote learning.

LAUSD is offering free lunches for all students....


SDUSD does too

Submitted by Hobie on July 30, 2021 - 5:41am.

.

Submitted by Escoguy on February 1, 2022 - 11:54pm.

A rental has opened up 4BR 2400 sf in 92027.

Listed last night, in 24 hours has 230 views and 17 saves.

I'm going up by 5% as in my view rents are already high.

if I'm going to have 10 applicants, just find the best one (steady job/knows and respects neighborhood/kids go to local school).

For some odd reason, there are exactly 17 4BR homes 2000+ sf below $4500/month between the 8 and the 76.

This is a larger area than I usually search against.

I don't see the supply demand balancing out anytime soon.

Submitted by sdrealtor on February 2, 2022 - 10:42am.

SdSd

Pretty amazing to see what’s become of our little Navy town over the past two decades. Pretty humbling to be in the company we are in

Submitted by svelte on February 2, 2022 - 10:49am.

sdrealtor wrote:

Pretty amazing to see what’s become of our little Navy town over the past two decades. Pretty humbling to be in the company we are in

I stumbled across this the other day. Amazing indeed.

"UC San Diego ranked sixth nationally in research spending in fiscal 2020, outperforming such better-known schools as UCLA, Harvard and Stanford, according to newly released figures from the National Science Foundation.

The La Jolla campus spent $1.4 billion on research and development, more than half of which went to the health sciences, including money devoted to helping develop and test vaccines and drugs to fight COVID-19.

Four California schools — UCSD, UCLA, UC San Francisco, and Stanford — finished in the top 10. No other state had more than one school in that elite bracket."

Submitted by Coronita on February 2, 2022 - 11:15am.

svelte wrote:
sdrealtor wrote:

Pretty amazing to see what’s become of our little Navy town over the past two decades. Pretty humbling to be in the company we are in

I stumbled across this the other day. Amazing indeed.

"UC San Diego ranked sixth nationally in research spending in fiscal 2020, outperforming such better-known schools as UCLA, Harvard and Stanford, according to newly released figures from the National Science Foundation.

The La Jolla campus spent $1.4 billion on research and development, more than half of which went to the health sciences, including money devoted to helping develop and test vaccines and drugs to fight COVID-19.

Four California schools — UCSD, UCLA, UC San Francisco, and Stanford — finished in the top 10. No other state had more than one school in that elite bracket."

What about Utah?

Submitted by svelte on February 2, 2022 - 12:25pm.

Coronita wrote:

What about Utah?

46th

https://universitybusiness.com/the-top-1...

Submitted by sdrealtor on February 2, 2022 - 1:12pm.

LOL

Submitted by Escoguy on February 3, 2022 - 9:15pm.

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