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RalliartRsX · 10-11-2018, 02:18 PM

So I am beginning to doubt the whole "Cali house market is on the brink of collapse". You have to remember, Cali has a lot going for it; Tech Center of arguably the world for instance. Cali has one of the highest wealth densities in the country.

Folks who attain a certain amount of wealth to afford $700+K houses, are not exactly making stupid financial decisions like the teacher and apple picking couple making $50K a year, being subsidized by the government and jumping into a $700K house which was the major driver for the collapse.

I may be wrong, but the CA of the 2008 crash is not the same CA of 2018.

10-11-2018, 02:18 PM	#527
RalliartRsX Post Whore! Join Date: Apr 2006 Location: Maryland Posts: 4,791 Trader Rating: (32)	So I am beginning to doubt the whole "Cali house market is on the brink of collapse". You have to remember, Cali has a lot going for it; Tech Center of arguably the world for instance. Cali has one of the highest wealth densities in the country. Folks who attain a certain amount of wealth to afford $700+K houses, are not exactly making stupid financial decisions like the teacher and apple picking couple making $50K a year, being subsidized by the government and jumping into a $700K house which was the major driver for the collapse. I may be wrong, but the CA of the 2008 crash is not the same CA of 2018.