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So if people keep leaving then the property values go down. Just because it hasn't happened yet doesn't mean it isn't going to happen. Imagine property values
by kneebonian 4y ago
So if people keep leaving then the property values go down. Just because it hasn't happened yet doesn't mean it isn't going to happen.
Imagine property values start plunging, people can't leave, they just start abandoning houses, soon you get vast swathes of abandoned houses which lead to increased crime and urban decay.
Decades from now people will shake their heads and talk about the golden days of California and the problems with the silicon belt.
- 22289d 4y agoYou're missing why people want to live here in the first place. It's one of the most beautiful places in the world, with one of the best year-round climates in the world. If prices start going down, people will move here. For those reasons.
- fundad 4y agoYou’ve described most of the country outside of job centers. There’s very little rural housing available and people crowd into job centers and drive up costs. Unless you own property or make a high salary, housing is unaffordable in all 50 states.