High housing costs may be California's biggest problem

Re:High housing costs may be California's biggest problem by pylua on Monday May 13, 2024 @09:32PM (#40350671)

I see your point, but a crash would be extremely bad for the states budget, which is already struggling. Hopefully a small correction at most.

The market also does seem strangely stubborn to correct.

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Re:High housing costs may be California's biggest problem by lazide on Monday May 13, 2024 @09:33PM (#40350683)

This will not be a small correction.

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Re:High housing costs may be California's biggest problem by testval123 on Monday May 13, 2024 @10:45PM (#40351151)

So many people 'want' a correction that it's clear there is a ton of demand. Ergo, I wouldn't be too hopeful.

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Re:High housing costs may be California's biggest problem by lazide on Monday May 13, 2024 @11:15PM (#40351329)

Last year maybe, now everyone is either giving up or white knuckling it. In my experience, that’s when it gets moving.

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