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Life in downtown San Diego

The Padres did not lose.

"San Diego County home prices dropped a whopping 26 percent in August, compared to the same month last year. The median price of a home in the region was 350-thousand dollars, down from 475-thousand dollars in August 2007. Home sales rose by one-point-four percent. "

The above information is a portent of things to come. Our economy is a mess. Some people are getting very panicky about the situation as they have money in children's college funds, IRA's, investment portfolios, etc. Right now all of these have probably lost some value.

The really surprising thing about housing in San Diego is that the downtown, high rise condos, are still priced well above what a typical San Diegan can afford. The most recent information regarding median income puts zip code 92101 at $28,611. Cost of living index is 139%. So, those of us who live downtown are living well above our income. With the over-building of condos, they just are not selling. Just watch the advertising. There are all sorts of gimics, from free TVs to free upgrades, to special incentives. Wander around at night and look at these buildings. Maybe 20% have lights on. Of course there may be some vampires living in the dark. Seems that eventually, the walls will come tumbling down. How long can these developers hang on before the prices must come down?? Nearly empty buildings cannot be good for anyone. I am going to ask my question over & over until someone at the City or CCDC gives me an answer on owner occupied condos.

Apparently, gas prices have forced most businesses to increase prices. Some are just increasing prices and some are adding a gas surcharge. My question is, at what point do they remove that surcharge?? And you know, once prices go up, they rarely go down. If gas were to suddenly drop to $1/gallon, how long would it take for Von's or Ralph's grocery delivery to go back to $9.95? They both have added $3 to their delivery charge. That is only one small example.

And what about rents? Downtown residents pay way too much for very small apartments. Even the alleged government subsidised places are expensive. Some complexes raise the rents on a regular (usually yearly) basis. This is not based on reality, but rather the good old corporate greed. When prices take a tumble do you honestly believe that any landlord will lower the rent? I have lived here a long time and have never seen that happen. I can always hope.

So long

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The Padres did not lose.

"San Diego County home prices dropped a whopping 26 percent in August, compared to the same month last year. The median price of a home in the region was 350-thousand dollars, down from 475-thousand dollars in August 2007. Home sales rose by one-point-four percent. "

The above information is a portent of things to come. Our economy is a mess. Some people are getting very panicky about the situation as they have money in children's college funds, IRA's, investment portfolios, etc. Right now all of these have probably lost some value.

The really surprising thing about housing in San Diego is that the downtown, high rise condos, are still priced well above what a typical San Diegan can afford. The most recent information regarding median income puts zip code 92101 at $28,611. Cost of living index is 139%. So, those of us who live downtown are living well above our income. With the over-building of condos, they just are not selling. Just watch the advertising. There are all sorts of gimics, from free TVs to free upgrades, to special incentives. Wander around at night and look at these buildings. Maybe 20% have lights on. Of course there may be some vampires living in the dark. Seems that eventually, the walls will come tumbling down. How long can these developers hang on before the prices must come down?? Nearly empty buildings cannot be good for anyone. I am going to ask my question over & over until someone at the City or CCDC gives me an answer on owner occupied condos.

Apparently, gas prices have forced most businesses to increase prices. Some are just increasing prices and some are adding a gas surcharge. My question is, at what point do they remove that surcharge?? And you know, once prices go up, they rarely go down. If gas were to suddenly drop to $1/gallon, how long would it take for Von's or Ralph's grocery delivery to go back to $9.95? They both have added $3 to their delivery charge. That is only one small example.

And what about rents? Downtown residents pay way too much for very small apartments. Even the alleged government subsidised places are expensive. Some complexes raise the rents on a regular (usually yearly) basis. This is not based on reality, but rather the good old corporate greed. When prices take a tumble do you honestly believe that any landlord will lower the rent? I have lived here a long time and have never seen that happen. I can always hope.

So long

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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