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Well, it's worse than a bubble. It's a genuine mass-scale shortage of housing. I don't think housing prices will crash down anytime soon based on all the pent
by pascalxus 8y ago
Well, it's worse than a bubble. It's a genuine mass-scale shortage of housing. I don't think housing prices will crash down anytime soon based on all the pent up demand. But, much of it depends on how much hiring Google and other companies decide to do. If they keep hiring, Real estate will continue to go up.
- diogenescynic 8y agoEventually they’re either going to lobby and change the laws-they will always get their way-or eventually hiring will slowly shift out of California. If the Bay Area had built more housing and kept housing prices in the realm of affordability I doubt Austin, Denver and many other cities would have half the tech scenes they have. One city’s loss is another’s gain. California is the real loser though in the situation which is why the should fix the housing restrictions on a state level and step in to overturn some of the stupid laws we have (like capping homes to 4 stories).