Re:Why California is so expensive: It’s not just the weather...
by brianwawok on Wednesday July 20, 2016 @02:15PM
(#12131215)
I don't think that a 200k apartment and a 5 million dollar luxury apartment are substitutes.
In Chicago, a 300k condo and a 600k single family home ARE substitutes. I know many people that could afford either. As the delta shifts one way or another, more of them will opt for the other choice.
In Chicago, a 300k condo and a 600k single family home ARE substitutes. I know many people that could afford either. As the delta shifts one way or another, more of them will opt for the other choice.