It is possible that it will rise, but it seems to lack the NY/SF factors of limited supply (land) driving prices through the roof. In SF, there is only so much

It is possible that it will rise, but it seems to lack the NY/SF factors of limited supply (land) driving prices through the roof. In SF, there is only so much space, so the affluent can keep driving prices higher. Around Sac, there is plenty of farmland ripe for development. (example: Austin, TX is a great place to live overall, but it remains cheap due to "endless" land).