The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Michael Sphar who wrote (6926)	11/18/2002 7:05:30 PM
From: MulhollandDrive	Read Replies (2) of 306849

>>Housing starts / apartment starts in this state over the next 20 years will have to reflect that situation, and to the degree that these lag the trend, housing and rentals will rise in response. Economic viability is not a guarantee, but for the state that gave birth to "silicon valley" it seems like a strong likelihood that employment opportunities will continue to happen for a lot of these future Californians. << now why would you say that? what i have read indicates that housing starts have no way kept pace with current demand.....and now we are to believe that such will somehow change? what will motivate that? if builders aren't providing new housing for the current influx at the current inflated level of pricing, what will change that? strong employment opportunities? doing what? cleaning apartments for people who cannot afford housing? yes, i would say the door is "open" my question was just how bad must it get before political pressure is exerted to close it. permanent gridlock traffic wise? rationing of water? unsustainable levels of taxation to meet the "social" needs of those unable to pay? ever increasing levels of crime as people cram themselves into ever diminishing sized homes and apartments? ever hear of the "tipping point"? no one can say with authority what that will be, but make no mistake about it...as conditions deteriorate sufficiently to discourage and drive away those with means and desire to leave conditions not conducive to quality of life, the question becomes what remains? i think perhaps a very bifurcated populace of either the very wealthy or the very poor....as the middle pursues a more realistic , rational existence. as they have always done....they head to the 'burbs ....and if the 'burbs don't exist at affordable price points, they create new ones.

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