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Things Looking "Up" in California

Everyone loves to point to California as the prime example of the excessive greed of the recent real estate boom. Media, bubble bloggers, and pundits predict that California will plummet to new lows and bring on a lengthy recession akin to the Great Depression. Even home-grown and respected PIMCO of Newport Beach predicts a heavy fog for the state’s real estate forecast.

Why are these developers choosing to build up instead of out?

The answer is that demographics are still favorable. Here are four reasons why.

Posted by Brian Brady- America's VA Home Loan Broker on 02/21/2007 11:15 PM

Comments (2)

california real estate, california market report, san diego, san francisco

Originally posted at: America's #1 Mortgage Broker: Things Looking "Up" in California

This post has been included in California Information

2 Comments on Things Looking "Up" in California

FEB

2007

Florida is similar to California in many ways - and despite rising costs, people are moving here every day. We're also seeing lots of movement to urban living.

It's also true that it's cheaper to build up into the air rights as opposed to 'out.'

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