The usual solution to the paradox of lower home prices and the political need to not have home prices decline seriously is to tell people "a 70 mile commute is

The usual solution to the paradox of lower home prices and the political need to not have home prices decline seriously is to tell people "a 70 mile commute is good for you". In the Bay Area that means Stockton, Gilroy, and the like. At least we aren't in a situation like 2009 where people walk away from mortgages without making a single payment because they expected to be able to flip within weeks and had no cash at all.