Quote:
Originally Posted by The North One
A lot of people don't own their home, especially the younger generations. Just because mom and dad might be able to sell their house for more in certain areas doesn't mean they're going to and why the hell would they? When all other options in your city also have prices raised your purchasing power doesn't increase at all unless you plan on moving to the midwest or if you're able to sell before the bubble pops, do you even know what you're talking about?
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Unless record amounts of people are going to be foreclosing on their mortgages again I do not think we're going to have much of a bubble popping in places like Los Angeles and the Bay Area until there is sufficient housing to meet the demand.