And yet somehow California’s economy has been growing faster than the rest of they country. In the last few years it’s gone from equivalent to 8th in the world (if it was a country) to 6th. And real estate, both sale prices and rents have gone up with it. Don’t ask me how, with all the crap the Democrats have done to us we should be in a depression.
Don’t forget the possibility that it wasn’t CA that rose, but that the rest of the world fell.
ChiComs and limited space for tech workers have been driving the “housing bubble” in the SF/Silicon Valley area.
i’ve never understood the point of bullet trains between SF and LA when what’s really needed there are bullet trains between SF/Silicon Valley and the central valley. all of that farmland should be used for farming, but since the CA government is hell bent on ruining their farming industry there in favor of species of fish and insects that nobody truly cares about, they might as well convert some of that land to housing to ease the housing bubble that they have.
When the next bubble bursts, you'll get your depression.
I grew up in Castro Valley, left there to go to college. Been back a few times over the past 40 years, and will likely make several visits to Napa when/if I retire.
However, I have discovered wineries in such places as Roseburg, OR, Grand Junction, CO, and Texas, that more than meet my demands. The Rieslings produced in the Texas High Plains please my palate as much as the Mosel Spatleses and Ausleses that I grew to love while living in Germany for four years.
Last night, my daughter, grandson and I enjoyed another Movie Night at our favorite winery in Burleson. Lovely night, movie was Finding Nemo, a fun time for all.
Don't get me wrong, I loved growing up in the Bay Area during the 60s. For me, Texas has California beat hands down: affordable living, excellent highways, awesome people.