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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: tejek who wrote (279202)9/29/2010 1:22:22 AM
From: John VosillaRead Replies (1) of 306849
 
'I see what you are saying. I think the only way the housing price inflation of the coastal cities can influence the less expensive cities is if residents of the coastal cities move to the other cities. During the 90s, that happened with LA vis a vis other cities of the West. Housing prices in Denver, SLC, Phoenix, LV, Portland and Seattle began to rise as the exodus from LA began to grow'

Well many move or take some of their significant equity to other places they perceive as a good value plus very desireable. Maybe buy a second home or start a business in the new place spread the word to other like minded folks. You can see how it played out in the east quite dramatically too with NYC, Chicago and Boston equity relocation since the 1980's boom. Now you can probably add DC money to the mix in coming decades as being just as influential...
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