You couldn’t be more right when it comes to families relocating to downtown. Over the years, developers have paid millions and millions of dollars into an education fund specifically allocated for more and improved downtown schools. So far we have seen nothing. In fact, where has that money gone? That’s a good question for the Voice crew to track down. And since all three of my kids graduated from Torrey Pines High School, I know exactly what you mean.
Another negative for families relocating to downtown is the lack of three bedroom condos in the 92101 zip code. Families need that extra room to make it work.
As for childless couples or singles, I do see migration happening. Or I see more development and density in the suburbs near mass transportation. The boomer age bubble (a boomer turns 60 every 11 seconds) will on its own cause a softening of demand for suburban property. Life is a little easier without the upkeep required by a large home and a grass covered parcel of land. The “put the key in the door and leave” lifestyle is very attractive to many.