Rick,
I used to live and appraise in San Francisco. I had moved to San Diego in order to afford to buy a house. I have heard recently that there is a shortage of appraisers in S.F. because none can afford to live there. I am sure this goes for many other vocations. I see the same elements coming together in San Diego now (i.e hot new industry, Bio tech, locating here . In S.F. it was Dot.Com industry) We could not now afford the house we bought here 2 1/2 years ago. San Diego grew by about 55,000 residents in 2000 with only about 20,000 housing units being built, and this trend continues although the actual figures have yet to be published.