Will Eureka be the next expensive town? (San Diego, Empire: real estate, crime)

[Perma Bear]

Eureka is the last city of a decent size on the Pacific Rim (California Coast) in the US that is affordable. It's a matter of time before it joins its relatives as being expensive.

[Tulemutt]

Ahahahahahahahahahaha ...






(Somebody's never been to Eureka.)

[Perma Bear]

Originally Posted by Tulemutt

Ahahahahahahahahahaha ...






(Somebody's never been to Eureka.)

Ventura, San Diego, Pacific and other coastal towns were cheap and filled with crime once.

[jjpop]

Geographic isolation is, and always has been, Eureka's biggest drawback. That's not going to change anytime soon. Beautiful? Yes. Easy to get to? No.

[Perma Bear]

Originally Posted by jjpop

Geographic isolation is, and always has been, Eureka's biggest drawback. That's not going to change anytime soon. Beautiful? Yes. Easy to get to? No.

SF was isolated once. We have invented new technologies like Jet Aircraft and email.

[DriveNotCommute]

Then for what reason will people with money fly into or send emails to Eureka?

Here's what it boils down to: What sort of industrial potential does Eureka have?

Eureka will get big and expensive like SD, OC, LA, SB, SF when it attracts enough high income industries in bio, tech or finance. This frequently requires a significant academic presence too, typically large universities. North Bay region above SF has proximity to SF. The Inland Empire is like that too.

Furthermore, you also need infrastructure besides a small airport. How is the quality of the Internet connectivity there and its pricing? Would a potential business even have the option of ordering gigabit speeds or would they have to go to the trouble of getting lines built just for them?

If the town is lacking any of the above, I think most RE speculators will be unlikely to do well gambling on Eureka. And that's just fine if the locals want to keep Eureka just the way it is. On the other hand, if they want wealth in their town though, it will probably have to change a lot. It's possible to keep hoping to score a single whimsical and wealthy benefactor for a vacation villa or something but I wouldn't exactly consider that to be a reliable economic engine.

[Tulemutt]

Weather.

[sourdough]

Right! Weather. A little less rain in that area is a good thing. A continuing drought in the S.W. and drought related migration could be a real game changer. https://www.google.com/?gws_rd=ssl#q...ught+migration
Last Fall I started looking into a drought get-away. Increased interest in Oregon Coast Real Estate due to drought was already happening. I found my island get-away else where.

[BeauCharles]

Its on the backside of nowhere and the climate is gray and wet. Not exactly conducive to a real estate bubble. Its last boom time was in the 1800s with the whaling. That's how long its been sitting there twiddling its thumbs waiting for the next.

[eureka1]

NO, and no one who actually LIVES here is expecting a boom, or wants one.