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originally posted by: rickymouse
The prices of homes in California is not justifiable. They also have so many local property taxes in some area that people should not be able to afford to live there. California housing collapsing does not have to mean the rest of the country is going to flop. But if enough people believe it will, I guess we are in line for a crash.
Our economy is too susceptable to crash because it is built to tightly on false beliefs instead of stable economic practices.
California homes sales crashing.
Don’t need to tell me. I’m from the Bay Area originally, and just got back from there Tuesday. Houses around my parents’ house about 20 miles from SF are going for $2 million.
originally posted by: MisterSpock
Pretty sure it will just be California all on it's own crashing. The nation will sit by and watch, largely unaffected.
California housing is preposterous, 400 grand for what would be a hovel in most inner city neighborhoods. Large billion dollar corporate hqs literally surrounded by third world # covered streets.
This round is all California, it's going to be a solo act.