What market is underserved in San Diego (apartment complexes, crime rate)

[thepinksquid]

Originally Posted by coaster12

San Diego has to be one of worst possible places you could pick. People in sd have less to spend than almost anywhere elese in the contry.

How do you figure? As bad as the economy is here it is still has a very high population of well-off citizens, as well as wealthy retirees. How are you substantiating that claim?

[coaster12]

Do I really have to ?

I'm wondering hard about people who choose to stay here. Is not knowing how poor SD is part of the requirement to be a local? These NYers are in for a teching moment..

Not that anyone here would care but... SD has lowest ppp of top metros and lowest real wage. And not the least.... It's in a state known as California the current model of what not to do to run an economy.

SD is expensve like Park Avenue with the Amenities of you'd expect of a border town like El Paso.

[thepinksquid]

Originally Posted by coaster12

Do I really have to ?

I'm wondering hard about people who choose to stay here. Is not knowing how poor SD is part of the requirement to be a local?

I'm just wondering what your factual basis is in regards to saying that.

Although there is a relatively small middle class in San Diego, as well as a substantial amount of people that are living under the poverty line coupled with a high COL, much of the county has median income levels that are some of the highest in the country. So...keeping that in mind, it seems to be erroneous to say that "San Diegans have less to spend than almost anywhere else in the county." That's a big statement.

If the OP is seriously considering trying to have a business here in San Diego, claims like that aren't helping, unless they're coupled with facts.

Although I agree that the state is CA is f*cked with much of its expenditures, and there are better places to start a business (as a business-owner, trust me...CA is not business friendly) I don't think that "San Diego being the worst in the country for expendable income" is valid.

[Snort]

Here! Let me compile a short list of business ideas no one else has thought of:
1. Curling rink (rink? Is that what they call it?)
2. An Estonian restaurant. Can't say I've seen one anywhere. OK, well, maybe except for in Estonia.
3. Bungee jumping off the bridge in Balboa Park. I don't think anyone working in the park would mind.
4. Packard dealership. An oldie, but a goodie.
5. Door-to-door cuckoo clock salesman. (Hey! It's easier than being a door-to-door grandfather clock salesman!)

[thepinksquid]

I saw that instead of replying to me you edited your previous post.

Originally Posted by coaster12

These NYers are in for a teching moment..

I'm not following you with that...what does that mean?

Originally Posted by coaster12

Not that anyone here would care but... SD has lowest ppp of top metros and lowest real wage.

What does "ppp" stand for? When you say "real wage" are you referring to income after taxes?

Originally Posted by coaster12

SD is expensve like Park Avenue with the Amenities of you'd expect of a border town like El Paso.

I assume you mean amenities as in infrastructure or public services? Because as "things to do" or whatnot, San Diego ranks pretty high...especially with much of its natural scenery/good weather alone.

---
Anyhow, to the OP--my husband and I own an LLC here in San Diego. However, we're an internet business so we don't have a "physical" store thus we didn't need permits from the city to start our business. As an LLC, you pay the CA Franchise Tax board $800 per year, due in April (you also have to pay it when you register your business for that year, within 3 months of forming). For an LLC the $800 is all you pay until you get up to (I think) 250k of revenue, and then it's a percentage as well. A corporation (S-chapter or otherwise) is different. Still, you HAVE to pay at least $800 per year, minimum, even if you may no money (sucks).

[NYSD1995]

My brother owns a fairly popular small business in San Diego(neighborhood bike shop) and he works his tail off for very little money. San Diego is a somewhat retail-saturated market in general. There is no shortage of marginal small business all over the city.

Personally I would agree with the poster above in that you might be better off buying an existing business. Given current market conditions you will probably be getting a much better deal.

I also agree with Kettlepot in that many neighborhoods with middle-and-upper-middle class urbanite populations have little-to-no appropriate amenities available. However my guess is that there is a reason for that - i.e. commercial districts are so decrepit no upper-middle-class urbanite would go anywhere near them.

[coaster12]

In short pinksquid, SD has one of if not the lowest living standard of almost all top metros on the country. Do your homework

appearently there might be a good business would be letting people know what they getting into with a move to SD..

[nyny2sdca]

I am inclined to buy an existing business, maybe two or three. Then I can create a new brand. A new chain. I'll do my own advertising, so I become a local celebrity. I'll get the best tables at the finest restaurants. I'll be recognized wherever I go. I'll have affairs with beautiful young women who want to be in my commercials. My wife will divorce me and take half of my empire. I'll go broke defending myself against paternity claims. I'll end up homeless and penniless. But at least I'll be in San Diego.

[sav858]

Originally Posted by coaster12

In short pinksquid, SD has one of if not the lowest living standard of almost all top metros on the country. Do your homework

appearently there might be a good business would be letting people know what they getting into with a move to SD..

That is pretty BS and you have yet to shown anything to actually back that up. If you can't then it's nothing more than some baseless opinion.

San Diego doesn't rank that bad at all in pretty much all quality of life measures and ranks fairly well in several such as low crime and education. It may not be at the top but sure as hell isn't at the bottom either.

http://www.downstate.edu/urbansoc_healthdata/Urban%20Center%20Website/web%20design2/pdf%20files/report4pdfs/urbanreport4.pdf (broken link)

[coaster12]

Boy have I nailed SD. El paso but only better with the cost of the hamptons.

Anyhow it is a pretty place and I'm sure are opportunities for some folks. Not many but a small few.