[knews_hound]

I agree completely.

Furthermore, here in the Sacramento region, housing prices have risen dramatically in the last few years as people move from the LA or SF areas and come here buying for cash or with huge down payments.

My only concern is a crash, ala 1990 but I feel if it comes, it will be those two large population centers that will take the biggest hit.

Wishful thinking on my part perhaps.

Cheers,

knews hound

(ECV Chapter 3)

[MarkeyD]

I had a friend who moved to the Santa Cruz area back then and bought a house for $450K only to have it worth $350 within a few months.