Coastalhomefinder.com

A new U.S. News & World Report Article puts San Diego at no. 5

A recent article by Matthew Bandyk in U.S. News reports on a working paper from University of Michigan economist David Albouy titled 10 Pricey Cities That Pay Off.  Albouy's paper ranked cities based on their value in relation to the top dollar prices people are willing to pay to live there and what people are getting in return for their money. According to Albouy, "there's a great deal of value to be found in those high prices". In a top ten list from across the United States, San Diego was ranked number 5 above cities like New York, Los Angeles and Boston. As many a San Diego transplants will attest, once you move to San Diego it is very difficult to live anywhere else. Albouy's findings on San Diego:

5. San Diego. This Southern California city has the seventh-highest quality of life and trade productivity that's on par with Philadelphia. San Diego's high value in Albouy's study is probably a product of not only its location but also the presence of many institutions of higher learning, with the University of California-San Diego, the University of San Diego, and San Diego State University all located within the city. Albouy found a strong relationship between the city's quality of life and the share of residents who have college degrees. College students and graduates "support the local arts, and they support walkable, cool downtowns," he says.

Featured homes click Coastalhomefinder.com logo below