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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (168756)	12/3/2008 4:27:27 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

i think this time it's different <g> seriously, from what i am reading and what i have witnessed firsthand, there is an out-migration of wealth happening in CA, which to be sure could be reversed with pro-growth tax policy....prices are still too high for 'median' income types, and those who are able and willing to bailout are doing so....my last trip to tahoe, the realtor said, the high end homes on the nevada side was really picking up, CASH buyers from CA.... claritas.com add to that, the numbers of borrowers underwater on their loans is extreme in CA online.wsj.com add to that a burgeoning underclass with 1 in 4 students dropping out of HS...how are those uneducated workers (assuming they get jobs) going to afford to buy a house? no i don't see a reflation of a CA housing bubble anytime soon... we'll just agree to disagree