Quote:
Originally Posted by Dale
This is amazing to me. 2007-2008 saw construction grind to a halt. In the macro, this contraction may be several times worse. But construction motors on. Not that this high rise lover is complaining.
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Luckily, the Financial/investment community is very bullish on San Diego regardless of temporary down or up market unlike even the more economic booming cities elsewhere in U.S.. For instance, Downtown San Jose to the north market has been very hot for office and housing with Google planned urban campus downtown, but it can't get a tower off the ground after the pandemic hit or any slow downs, after revealing so many projects. Almost none breaks ground: just talk but no walk, and the same goes for a lot of cities. Note* San Diego has much weaker economy than San Jose, which is the Capital of Silicon Valley with lots of momentum. High tech is still booming. Lenders are king and money rules. Lucky devil, San Diego!!