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Because there's not the same dynamic at work in other metro areas, like those cited, where real estate prices are also ramping higher.
by AndrewBissell 9y ago
Because there's not the same dynamic at work in other metro areas, like those cited, where real estate prices are also ramping higher.
- nerfhammer 9y agoAre you sure? Have you looked at population growth vs. housing growth in those areas, or how restrictive the zoning is?
- swendoog 9y agoAbsolutely. Take a look at Sacramento's real estate / rental prices.
- nerfhammer 9y agoAnd the percent housing unit growth versus percent population growth is..? And I'm pretty sure low density zoning is in effect in every city in CA.
- linkregister 9y agoYes, Sac’s a great example of a city that is largely in line with housing costs versus median salary increases.