76-541: Several facilities in La Jolla, California , are named after the Scripps family . Scripps Institute may refer to: TSRI is The Scripps Research Institute , established in 1991 for medical and biological research Scripps Institution of Oceanography , a division of UC San Diego Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with
152-476: A house price crash ) that can result in many owners holding mortgages that exceed the value of their homes. 11.1 million residential properties, or 23.1% of all U.S. homes, were in negative equity at December 31, 2010. Commercial property values remained around 35% below their mid-2007 peak in the United Kingdom . As a result, banks have become less willing to hold large amounts of property-backed debt, likely
228-489: A 4 percent loss in GDP . Housing price busts are less frequent, but last nearly twice as long and lead to output losses that are twice as large ( IMF World Economic Outlook, 2003). A recent laboratory experimental study also shows that, compared to financial markets, real estate markets involve more extended boom and bust periods. Prices decline slower because the real estate market is less liquid. The financial crisis of 2007–2008
304-460: A few. The City of San Diego defines the neighboorhood's eastern boundary as Gilman Drive and the Interstate 5 freeway and the northern boundary as UCSD. The United States Postal Service defines a somewhat larger area, assigning the neighborhood the 92037 ZIP Code , recognizing it as a historically and geographically distinct area. This unique ZIP code allows addresses to read La Jolla, CA, and
380-531: A firing range because of risk to the adjacent civilian population. Meanwhile, the site was being eyed as a location for a proposed new campus of the University of California. In 1962, Camp Matthews was declared surplus by the Marine Corps. The base formally closed in 1964, and that same year, the first class of undergraduates enrolled in the University of California San Diego. Local civic leaders had long toyed with
456-458: A given real estate market is experiencing a bubble. Indicators describe two interwoven aspects of housing bubble: a valuation component and a debt (or leverage) component. The valuation component measures how expensive houses are relative to what most people can afford, and the debt component measures how indebted households become in buying them for home or profit (and also how much exposure the banks accumulate by lending for them). A basic summary of
532-619: A housing rebound. Due to the policies of QE3, mortgage interest rates have been hovering at an all-time low, causing real estate values to rise. Home prices have risen unnaturally as much as 25% within one year in metropolitan areas like the San Francisco Bay Area and Las Vegas. After the COVID-19 pandemic , the U.S. housing market saw a significant rise in home prices, driven by a severe supply-demand imbalance. The pandemic disrupted supply chains and slowed housing construction, leading to
608-742: A key issue affecting the worldwide recovery in the short term. By 2006, most areas of the world were thought to be in a bubble state, although this hypothesis, based upon the observation of similar patterns in real estate markets of a wide variety of countries, was subject to controversy. Such patterns include those of overvaluation and, by extension, excessive borrowing based on those overvaluations. The U.S. subprime mortgage crisis of 2007–2010, alongside its impacts and effects on economies in various nations, has implied that these trends might have some common characteristics. For individual countries, see: The Washington Post writer Lisa Sturtevant thinks that her audience will buy articles telling them that
684-482: A public charter school . The community's prep schools are The Bishop's School , The Children's School, Delphi Academy , Stella Maris Academy, The Gillispie School, and the Evans School. La Jolla Country Day School is located in the nearby community of University City . Christian: Jewish: Real estate bubble A real-estate bubble or property bubble (or housing bubble for residential markets )
760-511: A shortage of available homes. This shortage, coupled with increased borrowing costs due to the Federal Reserve's interest rate hikes, contributed to the soaring prices. Experts note that the current price increases are based on market fundamentals rather than speculative behavior, highlighting the ongoing issue of housing affordability. House prices in the Eurozone increased dramatically during
836-460: A university without having Jewish professors. The Real Estate Broker's Association and their supporters in La Jolla had to make up their minds whether they wanted a university or an anti-Semitic covenant. You couldn't have both." The issue was overcome; La Jolla now boasts a thriving Jewish population, and there are four synagogues in La Jolla. Mount Soledad is an 822-foot-tall (251 m) hill on
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#1732854713990912-444: A violation of the separation of church and state . Since then the cross has had a war memorial built around it and was renamed "Mount Soledad Veterans War Memorial". The issue has been in almost continual litigation ever since, with the city attempting to sell or give away the land under the cross. By an act of Congress, the federal government took possession of it under eminent domain in 2006. The United States Court of Appeals for
988-582: A wide range of conferences, corporate meetings, and private events. The neighborhoods's border starts at Pacific Beach to the south and extends along the Pacific Ocean shoreline north to include Torrey Pines State Natural Reserve ending at Del Mar . La Jolla encompasses the neighborhoods of Bird Rock, Windansea Beach , the commercial center known as the Village of La Jolla, Muirlands, La Jolla Shores , La Jolla Farms, Torrey Pines , and Mount Soledad to name
1064-504: Is a hilly, seaside neighborhood in San Diego, California , occupying 7 miles (11 km) of curving coastline along the Pacific Ocean. The population reported in the 2010 census was 46,781. The climate is mild, with an average daily temperature of 70.5 °F (21.4 °C). La Jolla is surrounded on three sides by ocean bluffs and beaches and is located 12 miles (19 km) north of downtown San Diego and 45 miles (72 km) south of
1140-752: Is a type of economic bubble that occurs periodically in local or global real estate markets, and it typically follows a land boom. A land boom is a rapid increase in the market price of real property such as housing until they reach unsustainable levels and then declines. This period, during the run-up to the crash, is also known as froth. The questions of whether real estate bubbles can be identified and prevented, and whether they have broader macroeconomic significance, are answered differently by schools of economic thought , as detailed below. Bubbles in housing markets are more critical than stock market bubbles . Historically, equity price busts occur on average every 13 years, last for 2.5 years, and result in about
1216-588: Is its ocean front, with alternating rugged and sandy coastline that serves as habitat for many wild seal congregations. There are many beaches, accessible from the cliffs all throughout the coast of La Jolla. Locals and surfers will walk barefoot down to the beachfront, occasionally using ropes and planks to safely cross otherwise impassable, steep passageways down the cliff-face. There are many notable tourist locations including Torrey Pines Gliderport , Blacks Beach , Sunset Cliffs , La Jolla Shores , La Jolla Cove , and more. Blacks Beach, commonly known for being one of
1292-553: Is located in La Jolla, as is Scripps Institution of Oceanography , Scripps Research , and the Salk Institute for Biological Studies . Local Native Americans, the Kumeyaay , called this location mat kulaaxuuy ( IPA [mat kəlaːxuːj] ), lit. ' land of holes ' ( mat = ' land ' ). The topographic feature that gave rise to the name "holes" is uncertain; it probably refers to sea-level caves located on
1368-582: Is located just above the waterfront in what was originally the 1915 residence of philanthropist Ellen Browning Scripps . The museum has a permanent collection with more than 3,500 post-1950 American and European works, including paintings, works on paper, sculptures, photographic art, design objects and video works. The museum was renamed Museum of Contemporary Art San Diego in 1990 to recognize its regional significance. Beaches and ocean access include Windansea Beach , La Jolla Shores , La Jolla Cove and Children's Pool Beach . For many years, La Jolla has been
1444-444: Is located right next to Scripps Pier and is close to many small shops, homes, and restaurants. La Jolla Cove, the staple of La Jolla, is the most popular tourist destination in La Jolla, featuring many snorkelers , swimmers, and wildlife (most notably the La Jolla seals). During some parts of the year, people will find the shallow ends of the beach filled with harmless leopard sharks , as they come closer to shore to breed. All of
1520-605: Is occasionally susceptible to flooding and ocean storms, as occurred in January and December 2010. Mount Soledad is covered with the narrow roads that follow its contours and hundreds of homes overlooking the ocean on its slopes. It is the home of the Mount Soledad Cross , built in 1954, later designated a Korean War Memorial, that became the center of a controversy over the display of religious symbols on government property. The most compelling geographical highlight of La Jolla
1596-691: Is that increases in housing prices result in little or no wealth effect , namely it does not affect the consumption behavior of households not looking to sell. The house price becoming compensation for the higher implicit rent costs for owning. Increasing house prices can have a negative effect on consumption through increased rent inflation and a higher propensity to save given expected rent increase. In some schools of heterodox economics, notably Austrian economics and Post-Keynesian economics , real estate bubbles are seen as an example of credit bubbles (pejoratively speculative bubbles ), because property owners generally use borrowed money to purchase property, in
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#17328547139901672-468: Is the biggest bubble in history". In France, the economist Jacques Friggit publishes each year a study called "Evolution of the price, value and number of property sales in France since the 19th century", showing a high price increase since 2001. Yet, the existence of a real estate bubble in France is discussed by economists. Real estate bubbles are invariably followed by severe price decreases (also known as
1748-502: Is the center of higher education in La Jolla. The campus' name was briefly UC La Jolla during the planning stage of the university's development. UCSD includes Scripps Institution of Oceanography and the San Diego Supercomputer Center . National University is also headquartered in La Jolla, with several academic campuses located throughout the county and the state. Among the several research institutes near UCSD and in
1824-684: Is the location of Torrey Pines Golf Course , the site each January or February of a PGA Tour event formerly known as the Buick Invitational and since 2010, called the Farmers Insurance Open . Torrey Pines also hosted the 2008 and 2021 U.S. Open . Nearby is the de facto nude beach , Black's Beach , and Torrey Pines Gliderport . Downtown La Jolla is noted for jewelry stores, boutiques, upmarket restaurants and hotels. Prospect Street and Girard Avenue are also shopping and dining districts. The Museum of Contemporary Art, founded in 1941,
1900-515: Is the only neighborhood within the City of San Diego so recognized. Additionally, it is in the 919xx/920xx sequence used for suburban and rural ZIP Codes in San Diego County, rather than the 921xx sequence used for the remainder of the City of San Diego. These conditions sometimes lead to the erroneous impression that La Jolla is a separate city, rather than a part of San Diego. The 92037 ZIP code extends
1976-709: Is two-time world junior saber champion , and 2023 US saber champion, Konstantin Lokhanov . The La Jolla Concours d'Elegance auto show is hosted at La Jolla Cove annually. The San Diego Trolley light rail system has four stops on the Blue Line located in the La Jolla neighborhood: These four stations were opened on November 21, 2021, when the Blue Line was extended nine stops north from Old Town Transit Center to serve areas such as La Jolla Village, UC San Diego, and University City . The University of California San Diego
2052-595: The Mandell Weiss Theatre (1983), the Mandell Weiss Forum (1991) and the Potiker Theater (2005). The Museum of Contemporary Art San Diego was founded in 1941 in La Jolla, in the former home of Ellen Browning Scripps (designed by Irving J. Gill). The museum has undergone several renovations and expansions, and is working on plans to triple its size. The La Jolla Music Society was founded in 1941 as
2128-868: The National Register of Historic Places or are listed as historic by the city of San Diego; these include the La Jolla Woman's Club (1914), the La Jolla Recreational Center (1915), the earliest buildings of The Bishop's School , and the Old Scripps Building at Scripps Institution of Oceanography , as well as her own residence, built in 1915 and now housing the Museum of Contemporary Art San Diego . Her donations also launched Scripps Memorial Hospital in 1924 (originally located on Prospect Street in La Jolla until it moved to its present site in 1964),
2204-525: The Orange County line. The neighborhood's border starts at Pacific Beach to the south and extends along the Pacific Ocean shoreline north to include Torrey Pines State Natural Reserve ending at Del Mar . La Jolla is home to many educational institutions and a variety of businesses in the areas of lodging, dining, shopping, software, finance, real estate, bioengineering, medical practice and scientific research. The University of California, San Diego
2280-466: The "Neptune and Cove Tea Room", still exist and are the oldest buildings in La Jolla that are still on their original site. The two cottages have been vacant since the 1980s, boarded up and covered in tarpaulins while their fate was debated. In November 2020 the Red Rest was largely destroyed by fire. The La Jolla Park Hotel opened in 1893. The Hotel Cabrillo was built in 1908 by "Squire" James A. Wilson and
2356-655: The 7th largest research expenditure in the country. The Camp Matthews site for the university was selected with some hesitation; one of the concerns was "whether La Jollans in particular would lay aside old prejudices in order to welcome a culturally, ethnically, and religiously diverse professoriate into their midst". La Jolla had a history of restrictive housing policies, often specified in deeds and ownership documents. In La Jolla Shores and La Jolla Hermosa, only people with pure European ancestry could own property; this excluded Jews , who were not considered white . Such " restrictive covenants " were once fairly common throughout
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2432-1043: The Case–Shiller Home Price Index of home prices in 20 metro cities across the United States indicated on May 31, 2011 that a "Home Price Double Dip [is] Confirmed" and British magazine The Economist , argue that housing market indicators can be used to identify real estate bubbles. Some argue further that governments and central banks can and should take action to prevent bubbles from forming, or to deflate existing bubbles. A land value tax (LVT) can be introduced to prevent speculation on land. Real estate bubbles direct savings towards rent seeking activities rather than other investments. A land value tax removes financial incentives to hold unused land solely for price appreciation, making more land available for productive uses. At sufficiently high levels, land value tax would cause real estate prices to fall by removing land rents that would otherwise become ' capitalized ' into
2508-557: The Case–Shiller index, the US experienced a housing bubble peaking in the second quarter of 2006 (2006 Q2). The crash of the Japanese asset price bubble from 1990 on has been very damaging to the Japanese economy . The crash in 2005 affected Shanghai , China 's largest city. As of 2007 , real estate bubbles had existed in the recent past or were widely believed to still exist in many parts of
2584-519: The Green Dragon Colony. This was a cluster of twelve rustic cottages that included The Green Dragon, Wahnfried, and The Ark, a boat-shaped structure with port holes and swinging bunks. The La Jolla Playhouse was founded in 1947 by Gregory Peck , Dorothy McGuire , and Mel Ferrer . It became inactive in 1959, but was revived in 1983 on the University of California campus under the leadership of Des McAnuff . It now incorporates three theaters:
2660-639: The La Jolla Shores neighborhood. La Jolla Village Merchants Association, Inc. is a non-profit organization formed in February 2011 to manage the La Jolla Village Business Improvement District for the City of San Diego. Community organizations include Independent La Jolla, a membership-based citizens group seeking to secede from the city of San Diego. Service clubs in La Jolla include Kiwanis , Rotary , La Jolla Woman's Club and
2736-855: The Musical Arts Society of La Jolla by Nikolai Sokoloff , former conductor of the Cleveland Orchestra . It presented the premieres of commissioned works in the auditorium of La Jolla High School before presenting their concerts in the Sherwood Auditorium of the Museum of Contemporary Art San Diego. Since April 2019, the Conrad Prebys Performing Arts Center is the permanent home of La Jolla Music Society and hosts world-class performances presented by LJMS as well as other San Diego arts presenters. Additionally, The Conrad will see
2812-564: The Ninth Circuit declared the cross unconstitutional in 2011, and the Supreme Court of the United States declined to hear an appeal. In December 2013, U.S. District Judge Larry Burns ordered that the cross be removed within 90 days, but stayed the order pending a forthcoming appeal by the government. On July 20, 2015, a group called the Mt. Soledad Memorial Association reported that it had bought
2888-477: The Regents of the university formally approved it in 1960. During the planning stage of the university's establishment, it was briefly known as the "University of California, La Jolla", but the name was changed to "University of California, San Diego" before its founding in 1960. The founding chancellor was Herbert York , named in 1961, and the second chancellor was John Semple Galbraith , named in 1964. The university
2964-681: The Scripps Metabolic Clinic (now Scripps Research ), and the Children's Pool . Ellen Browning Scripps also founded Scripps College , a women's college, in 1926. Scripps College is located in Claremont in Los Angeles County (not to be confused with Clairemont , a neighborhood of San Diego ). Scripps Institution of Oceanography , one of the nation's oldest oceanographic institutes, was founded in 1903 by William Emerson Ritter , chair of
3040-558: The Social Service League of La Jolla, to name a few. La Jolla is a subsidiary location for Chicago-based Linking Efforts Against Drugs (LEAD), a national drug-prevention organization recognized nationally for its success in reducing substance use and abuse among teens. La Jolla is the home of InspirED, a community-focused EdTech company that supports schools in supporting their students' mental health through therapeutic services, educational opportunities, and technology. La Jolla
3116-535: The United States; the 1948 Supreme Court case Shelley v. Kraemer ruled them to be unenforceable, and Congress outlawed them twenty years later via the Fair Housing Act (Title VII of the Civil Rights Act of 1968 ). However, realtors and property owners in La Jolla continued to use more subtle ways of preventing or discouraging Jews from owning property there. Revelle stated the issue bluntly: "You can't have
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3192-477: The chartered City of San Diego. In 1870, Charles Dean acquired several of the pueblo lots and subdivided them into an area that became known as La Jolla Park. Dean was unable to develop the land and left San Diego in 1881. A real estate boom in the 1880s led speculators Frank T. Botsford and George W. Heald to further develop the sparsely settled area. In the 1890s, the San Diego, Pacific Beach, and La Jolla Railway
3268-473: The difficulty of discerning the intrinsic value of real estate. As with other medium and long range economic trends, accurate prediction of future bubbles has proven difficult. In real estate, fundamentals can be estimated from rental yields (where real estate is then considered in a similar vein to stocks and other financial assets ) or based on a regression of actual prices on a set of demand and/or supply variables. American economist Robert Shiller of
3344-410: The eastern edge of La Jolla and one of the highest points in San Diego. A large Christian cross was placed at the top in 1913 as a prominent landmark. It has been replaced twice, most recently in 1954 with a 29-foot-tall (8.8 m) cross (43 feet (13 m) tall including the base). Originally known as the "Mount Soledad Easter Cross", its presence on publicly owned land was challenged in the 1980s as
3420-427: The form of mortgages . These are then argued to cause financial and hence economic crises. This is first argued empirically – numerous real estate bubbles have been followed by economic slumps, and it is argued that there is a cause-effect relationship between these. The Post-Keynesian theory of debt deflation takes a demand-side view, arguing that property owners not only feel richer but borrow to (i) consume against
3496-470: The formidable great white shark . Many of the marine animals live within and/or depend on the extensive offshore kelp forest , where scuba divers often venture to explore and encounter interesting species. The kelp forests are also home to an extensive number of invertebrate species, from sea urchins , abalone , sea stars and limpets to king crab and giant octopus . Oftentimes, tourists can see California sea lions and harbor seals hauled-out on
3572-492: The highest home prices in the nation in 2008 and 2009, according to a survey by Coldwell Banker . The survey compares the cost of a standardized four-bedroom home in communities across the country. The average price for such a home in La Jolla was reported as US$ 1.842 million in 2008 and US$ 2.125 million in 2009. The La Jolla Community Planning Association advises the city council, Planning Commission, City Planning Department as well as other governmental agency as appropriate in
3648-549: The host of a rough water swim at La Jolla Cove. In 2011, the La Jolla Community Foundation commissioned various artists to contribute to the scenery of the town, through various murals . Some of the artists that are featured in the series are John Baldessari , Julian Opie , and Kim MacConnel . There are 11 murals in the series, all of which will be on display for two years. The La Jolla Fencing Academy opened in 2017 on Villa La Jolla Drive. Among its coaches
3724-436: The housing market of 2013 was not indicative of a housing bubble. "A critical difference between the current market and the overheated market of the middle of last decade is the nature of the mortgage market. Stricter underwriting standards have limited the pool of potential homebuyers to those who are most qualified and most likely to be able to pay loans back. The demand this time is based more closely on market fundamentals. And
3800-462: The idea of a San Diego campus of the University of California , and the quest became more definite following World War II. Scripps Institution of Oceanography, under its director Roger Revelle , had become an important defense contractor, and local aerospace companies like Convair were pressing for local training for their scientists and engineers. The state legislature proposed the idea in 1955, and
3876-399: The increased value of their property – by taking out a home equity line of credit , for instance; or (ii) speculate by buying property with borrowed money in the expectation that it will rise in value. When the bubble bursts, the value of the property decreases but not the level of debt. The burden of repaying or defaulting on the loan depresses aggregate demand , it is argued, and constitutes
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#17328547139903952-602: The initial preparation, adoption of, implementation of, or amendment to the General or Community Plan as it pertains to the La Jolla area as well as review specific development proposals. The nonprofit La Jolla Town Council represents the interests of La Jolla businesses and residents that belong to the council. The Bird Rock Community Council serves the Bird Rock neighborhood, while the La Jolla Shores Association serves
4028-539: The land under the cross from the Department of Defense for $ 1.4 million. On September 7, 2016, the 9th U.S. Circuit Court of Appeals issued a one-page ruling, ordering dismissal of the case and an end to all current appeals, stating that the case was now moot because the cross was no longer on government land. Both sides agreed that this decision puts a final end to the case. La Jolla became an art colony in 1894 when Anna Held (also known as Anna Held Heinrich) established
4104-776: The nearby Torrey Pines Science Park are Scripps Research Institute , the Sanford Burnham Prebys Medical Discovery Institute (formerly called the La Jolla Cancer Research Foundation), La Jolla Institute for Allergy and Immunology (LJI), and the Salk Institute for Biological Studies . La Jolla is served by the San Diego Unified School District . Public schools include La Jolla High School , La Jolla Elementary, Muirlands Middle School, Torrey Pines Elementary, and Bird Rock Elementary, as well as Preuss School ,
4180-514: The nickname "The Jewel". The name may also come from the Spanish La Hoya , meaning a geographic hollow. Different spelling conventions over the years would permit this to be written as La Jolla. During the Mexican period of San Diego's history, La Jolla was mapped as pueblo land and contained about 60 lots. When California became a state in 1850, the La Jolla area was incorporated as part of
4256-572: The north-facing bluffs, which are visible from La Jolla Shores . It is suggested that the Kumeyaay name for the area was transcribed by the Spanish settlers as La Jolla . Another suggestion for the origin of the name is that it is an alternative spelling of the Spanish phrase la joya , which means ' the jewel ' . Despite being disputed by scholars, this derivation of the name has been widely cited in popular culture. This supposed origin gave rise to
4332-428: The northeasterly boundary to Genesee Avenue and the northerly boundary to Del Mar, California . The UCSD campus, also part of La Jolla, has ZIP Codes 92092 and 92093. Despite the city and postal service definitions, La Jolla does not have universally accepted boundaries. In the 1980s, the trustees of Scripps Hospital voted to move the campus from downtown La Jolla to University City , east of Interstate 5 and not within
4408-503: The nucleus for the establishment of the University of California, San Diego . From 1917 through 1964, the United States Marine Corps maintained a military base in La Jolla. The base was used for marksmanship training and was known as Camp Calvin B. Matthews . During and after World War II , the population of La Jolla grew, causing residential development to draw close to the base, so that it became less and less suitable as
4484-452: The only nudist beaches in the area, is one of the most popular lesser known surfer spots throughout the year. Torrey Pines Gliderport is another a staple of the La Jolla cliffs, offering views of gliders scattered throughout the air. Sunset Cliffs is a location popular amongst locals and tourists alike, known for views of the sunset off to the horizon past the cliffs and caves below. La Jolla Shores, not to be mistaken with La Jolla Cove,
4560-450: The popular beaches and coastal access points, listed from north to south, include: According to United States Census Bureau figures, the ethnic/racial makeup of La Jolla is 82.5% White, 0.8% Black, 0.2% American Indian, 11.2% Asian, 0.1% Pacific Islander, 2.0% any other race, and 3.1% two or more races. Latinos, who may be of any race, form 7.2% of La Jolla's population. There is also a sizable Persian population in La Jolla. La Jolla had
4636-532: The price growth we’ve experienced recently is 'real.' Or 'more real.'" Other recent research indicates that mid-level managers in securitized finance did not exhibit awareness of problems in overall housing markets. Economist David Stockman believes that a second housing bubble was started in 2012 and still inflating as of February 2013. Housing inventory began to dwindle starting in early 2012 as hedge fund investors and private equity firms purchase single-family homes in hopes of renting them out while waiting for
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#17328547139904712-412: The price of real estate. It also encourages landowners to sell or relinquish titles to locations they are not using, thus preventing speculators from hoarding unused land. Within some schools of heterodox economics , by contrast, real estate bubbles are considered of critical importance and a fundamental cause of financial crises and ensuing economic crises . The pre-dominating economic perspective
4788-500: The progress of housing indicators for U.S. cities is provided by Business Week . See also: real estate economics and real estate trends . Measures of house price are also used in identifying housing bubbles; these are known as house price indices (HPIs). A noted series of HPIs for the United States are the Case–Shiller indices , devised by American economists Karl Case , Robert J. Shiller , and Allan Weiss . As measured by
4864-453: The proximate cause of the subsequent economic slump. In attempting to identify bubbles before they burst, economists have developed a number of financial ratios and economic indicators that can be used to evaluate whether homes in a given area are fairly valued. By comparing current levels to previous levels that have proven unsustainable in the past ( i.e. led to or at least accompanied crashes), one can make an educated guess as to whether
4940-505: The rocks, basking in the sun; however, as many local divers and swimmers can attest, pinnipeds are not always a good omen , as their presence usually lures bigger, predatory sharks—namely the great whites. During the winter, these apex predators breed, hunting the plentiful seals around the kelp forest, and sometimes, coming even closer to shore . Piers , caves , and buoys are areas that surfers avoid for these reasons, as sharks patrol these locations to ambush pinnipeds diving back into
5016-642: The title Scripps Institute . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Scripps_Institute&oldid=1252561003 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages La Jolla, California La Jolla ( / l ə ˈ h ɔɪ ə / lə HOY -ə , Latin American Spanish: [la ˈxoʝa] )
5092-1130: The traditional boundaries of La Jolla. The governing documents of the hospital required it to be located in La Jolla, however. A court ruled that "La Jolla" exists merely as a "state of mind" and thus allowed the relocation of the hospital. Several businesses and housing developments east of Interstate 5 use "La Jolla" in their names despite being geographically located in the University City neighborhood of San Diego, which includes areas east of Interstate 5. La Jolla's offshore waters are known to be home to an endless array of marine wildlife, including sea lions , harbor seals , whales —such as migratory gray , humpback and blue whales — harbor porpoises , dolphins (including, at times, hundreds of common dolphins , as well as rough-toothed , bottlenose , Pacific white-sided and Risso's dolphins , and orcas ), green sea turtles , countless fish (such as garibaldi , sculpin and more), many migratory and resident sea and shorebirds , and many different sharks, ranging from diminutive, clam-eating dogfish and leopard sharks to
5168-410: The water. However, with very few exceptions, the majority of shark encounters are uneventful and not aggressive, and, many times, great white sharks may come within mere feet of surfers or swimmers yet remain completely unnoticed; it is often only with drone footage that such close encounters are even observed. La Jolla is an area of mixed geology, including sandy beaches and rocky shorelines. The area
5244-426: The world. including Argentina , New Zealand , Ireland , Spain , Lebanon , Poland , and Croatia . Then U.S. Federal Reserve Chairman Alan Greenspan said in mid-2005 that "at a minimum, there's a little 'froth' (in the U.S. housing market) … it's hard not to see that there are a lot of local bubbles." The Economist magazine, writing at the same time, went further, saying "the worldwide rise in house prices
5320-562: The zoology department at the University of California, Berkeley , with financial support from Scripps and her brother E. W. Scripps . At first the institution operated out of a boathouse in Coronado . In 1905, they purchased a 170-acre (69 ha) site in La Jolla, where the Institution still stands today. The first laboratory buildings there opened in 1907. The institution became part of the University of California in 1912. Ultimately, it became
5396-428: Was built, connecting La Jolla to the rest of San Diego. La Jolla became known as a resort area. To attract visitors to the beach, the railway built facilities such as a bath house and a dance pavilion. Visitors were housed in small cottages and bungalows above La Jolla Cove, as well as a temporary tent city erected every summer. Two of the cottages that were built in 1894, the "Red Roost" and the "Red Rest", also known as
5472-472: Was caused by the bursting of real estate bubbles that had begun in various countries during the 2000s. As with all types of economic bubbles , disagreement exists over whether or not a real estate bubble can be identified or predicted, then perhaps prevented. Speculative bubbles are persistent, systematic and increasing deviations of actual prices from their fundamental values. Real estate bubbles can be difficult to identify even as they are occurring, due to
5548-409: Was designed to have a "college" system; there are now eight colleges. The first college was established in 1965 and was named Revelle College after Roger Revelle , who is regarded as the "father" of the university. A medical school was established in 1968. The landmark Geisel Library with its Brutalist architecture opened in 1970. The university is the second largest employer in the city and has
5624-463: Was established in 1922. Between 1951 and 1963, other elementary schools (Bird Rock, Decatur, Scripps, and Torrey Pines) were established in the area to ease overcrowding. The La Jolla Beach and Yacht Club (later the La Jolla Beach and Tennis Club ) was built in 1927. In 1896 journalist and publisher Ellen Browning Scripps settled in La Jolla, where she lived for the last 35 years of her life. She
5700-670: Was later incorporated into the La Valencia Hotel. By 1900, La Jolla comprised 100 buildings and 350 residents. The first reading room (library) was built in 1898. A volunteer fire brigade was organized in 1907; the city of San Diego established a regular fire house in 1914. Livery stable owner Nathan Rannells served successively as La Jolla's volunteer fire captain, first police officer (the only San Diego police officer north of Mission Valley ), and first postmaster. La Jolla Elementary School began educating local children in 1896. The Bishop's School opened in 1909. La Jolla High School
5776-418: Was wealthy in her own right from her investments and writing, and she inherited a large sum from her brother George H. Scripps in 1900. She devoted herself to philanthropic endeavors, particularly those benefiting her adopted home of La Jolla. She commissioned many of La Jolla's most notable buildings, usually designed by Irving Gill or his nephew and partner Louis John Gill . Many of these buildings are now on
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