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I buy the tech theory, because all the west coast cities with major drops are tech cities. I don’t think they’ll collapse because they’re otherwise desirable, b
by hifromLA 4y ago
I buy the tech theory, because all the west coast cities with major drops are tech cities. I don’t think they’ll collapse because they’re otherwise desirable, but a correction was overdue.
A lot of the East coast cities with big rises especially in Florida are starting from a lower price point so they have more room to go up.
- lotsofpulp 4y agoYes, land prices in the west are higher, so they have more room to go lower. But they are still far more than other regions. See the percentile graph of house prices by region in this article from a few days ago: https://www.wsj.com/articles/home-prices-fell-in-february-for-first-time-in-11-years-73df0107 https://www.wsj.com/articles/home-prices-fell-in-february-fo... The west gets into the $750k+ range before the other regions even enter the $500k to $750k range.