The Coaster will be taking the day off to monitor the bluff collapse, but they plan to be running a regular schedule tomorrow. From this angle, it looks like there might be a concrete foundation under the tracks – but is that enough for you to ride the train tomorrow?
The heavy rainstorms over the last 48 hours have caused a washout adjacent to the coastal railroad tracks along the Del Mar Bluffs just south of Coast Boulevard which support COASTER, Amtrak, and BNSF operations. At this time, all trains can safely operate at restricted speeds through the area based on site reviews and inspections conducted by railroad engineers. NCTD and its contractors will have personnel on-site monitoring trains as they pass through the area until repairs have been completed on the tracks.
In order to repair the washout area, NCTD will be closing the tracks south of Solana Beach train station and implementing bus replacement service beginning at 6:00 a.m. on Saturday, November 30, 2019.
Following is detailed information about the operating plan for Saturday.
COASTER: COASTER trains will run a regular Saturday service schedule from Oceanside Transit Center to Solana Beach COASTER station. Passengers will be bus bridged between the Solana Beach train station and Santa Fe Depot. Northbound COASTER passengers who board the COASTER south of Solana Beach station will be bussed all the way to Oceanside Transit Center. Passengers between Solana Beach station and Oceanside Transit Center going north will be served by the train per the regular schedule.
Amtrak Pacific Surfliner: Service and schedule changes will be in effect for Amtrak. Please visit PacificSurfliner.com or call 800-872-7245 for more information.
Regular scheduled train service will resume on Sunday, December 1 for both COASTER and Amtrak.
“Safety is NCTD’s top priority,” said NCTD Executive Director Matthew Tucker. “NCTD is committed to acting proactively to ensure that passenger and freight operations can be safely operated. NCTD and the San Diego Association of Governments (SANDAG) are advancing phased improvements to make the Bluffs more resilient and prevent service impacts like this washout.”
This was our test run of having an event at the resort office, and we were very pleased with the results, so we’ll be having more in 2020. I want to have a series of home-buying and home-selling seminars!
Bill Rice took these photos – he has been our photographer for years and is a great guy. Check him out if you’re getting married or doing family shots! Fun fact – his busiest month for weddings is October!
This article features our favorite topic today, and they smartly differentiated between areas. I looked up my sales over the last two years and 22% of them involved the last move of the seller (either they had passed away, or close).
The big question looming in this neighborhood—and dozens of others like it in the Southeast and Rust Belt—is what happens to everything from home prices to the local economy when so many homes post ‘For Sale’ signs around the same time?
The U.S. is at the beginning of a tidal wave of homes hitting the market on the scale of the housing bubble in the mid-2000s. This time it won’t be driven by overbuilding, easy credit or irrational exuberance, but by an inevitable fact of life: the passing of the baby boomer generation.
One in eight owner-occupied homes in the U.S., or roughly nine million residences, are set to hit the market from 2017 through 2027 as the baby boomers start to die in larger numbers, according to an analysis by Issi Romem conducted while he was a senior director of housing and urban economics at Zillow. That is up from roughly 7 million homes in the prior decade.
By 2037, one quarter of the U.S. for-sale housing stock, or roughly 21 million homes will be vacated by seniors. That is more than twice the number of new properties built during a 10-year period that spanned the last housing bubble.
Most of these homes will be concentrated in traditional retirement communities in Arizona and Florida, according to Zillow, or parts of the Rust Belt that have been losing population for decades. A more modest infusion of new housing is expected in pricey coastal neighborhoods of New York or San Francisco where younger Americans are still flocking in large numbers.
But the buyers coming behind the baby boomers, the Gen Xers, are a smaller and more financially precarious generation with different preferences, posing a new kind of test for the housing market.
One problem is that the bulk of the supply won’t necessarily be in places where these new buyers want to live. Gen Xers and the younger millennials have shown thus far they would rather be in cities or suburbs in major metropolitan areas that offer strong Wi-Fi and plenty of shops and restaurants within walking distance—like the Frisco suburbs of Dallas or the Capitol Hill neighborhood of Seattle.
They have little interest in migrating to planned, age-restricted retirement enclaves in sunnier corners of the U.S. lined with golf courses, community centers and man-made lakes—like The Villages, a community of 115,000 in central Florida. Innovations such as voice-recognition technology and ride-share drivers are also making it easier for older people tostay in their existing homes and eschew these retirement communities altogether.
Another challenge is that younger buyers also may not have the financial strength to absorb all of this new supply. New research from Harvard University’s Joint Center for Housing Studies found that households in their preretirement years, age 50 to 64, are less likely to own a home than prior generations, have suffered from stagnant income growth since 2000, and are more debt-burdened, including by student loans.
The consequences of a housing sales glut are potentially wide-reaching. A mismatch between supply and demand in places like Florida, Arizona and Nevada could offer new fiscal challenges that are already familiar to aging cities of the Rust Belt: a shrinking tax base and less money for crucial services like roads and police. Home construction could also falter, dampening an important contributor to the local economy.
“To the extent the local economy is dependent on a vibrant senior population, then it will be more difficult,” said William Frey, a senior fellow in the Metropolitan Policy Program at the Brookings Institution. “Homes will be up for sale and not bought as quickly.”
Housing prices are already stagnating in some places like St. Louis and Youngstown, Ohio as older people die and young people aren’t there to replace them, according to Zillow.
More vulnerable, he said, are small towns and rural areas where young people are less likely to migrate, depressing housing prices indefinitely. “Those are the places that are going to seriously struggle,” he said.
We have a lot of clients whose balance sheets are so strong that they don’t intend to adjust much to the short-term pain because the long-term gain will be worth it.
Nice summary @klinger_jbrec https://twitter.com/klinger_jbrec/status/1556751006947590144
The new owner of the Old California Restaurant Row property in San Marcos has applied to develop over 200 housing units and 10,000 square feet of new commercial space on a portion of the site still home to several businesses. @itslaurasplace