Upside Down Mortgage

Housing Bubble California

Question: Where is California Real Estate at with the Bubble Effect?

Please inform me of this matter or how this is going. Is there any estimate of what year the houses around the coastal/bay areas will be as affordable as a home in Texas?

Answer: I doubt that they will ever be as affordable as a home in Texas. There are more people here, and less land to build on, so the demand for homes is higher, so the price will probably never come down to Texas levels. It may level off some, but then it will probably start creeping back up, although prices may never recover to the bubble days.

Dr. Housing Bubble - Real Homes of Genius

If you're new around here, you might want to subscribe to our Upside-Down Mortgage RSS feed. It's quite likely the only feed of it's type on the internet!