Red California, blue California

[Dan J 277]

It more like the Greater Los Angeles, and San Francisco Bay Area, are the anomalies. Folks move further out to be able to find more affordable homes. That drives up prices in the outlying areas. When the economies tank in the congested urban area, then the demand for housing decreases, and home prices in the long commute areas fall. The folks that were already living in Stockton, Modesto, Bakersfield, etc., just notice a normalizing of prices, not a collapse. Same thing is happening in the coastal areas as well, in Monterey and San Luis Obispo counties, as well as the areas north of San Francisco.

I don't think its so much affordable homes, as it is people want a big house, yard and all that for as little as they could get away with. Of course, if you go further out from the city core, prices are more susceptible to supply and demand pricing than places within or close to urban areas.

[one...two...tree 2,762]

It more like the Greater Los Angeles, and San Francisco Bay Area, are the anomalies. Folks move further out to be able to find more affordable homes. That drives up prices in the outlying areas. When the economies tank in the congested urban area, then the demand for housing decreases, and home prices in the long commute areas fall. The folks that were already living in Stockton, Modesto, Bakersfield, etc., just notice a normalizing of prices, not a collapse. Same thing is happening in the coastal areas as well, in Monterey and San Luis Obispo counties, as well as the areas north of San Francisco.

California is the king of urban sprawl, which has many factors that spurred its growth, not just cheaper housing.

[I AM NOT THAT GUY 5,715]

California is the king of urban sprawl, which has many factors that spurred its growth, not just cheaper housing.

Have you been to Texas lately?

[one...two...tree 2,762]

Have you been to Texas lately?

I haven't been there since the 70's, when I was a child. Have they passed California in population?

Edited February 8, 2010 by Galt's gallstones

[Usui Takumi 1,562]

I don't think its so much affordable homes, as it is people want a big house, yard and all that for as little as they could get away with. Of course, if you go further out from the city core, prices are more susceptible to supply and demand pricing than places within or close to urban areas.

For the Bay Area its ALL about affordable homes.

[I AM NOT THAT GUY 5,715]

I haven't been there since the 70's, when I was a child. Have they passed California in population?

That will take a while. Only bad thing about Texas, it's full of Texans.

Edited February 8, 2010 by Lone Ranger

[one...two...tree 2,762]

VJ is chugging...

Edited February 8, 2010 by Galt's gallstones

[Ban Hammer 14,800]

That will take a while. Only bad thing about Texas, it's full of Texans.