Quote:
Originally Posted by sammyg2
I would not be investing in real estate in California (if that's where you are), Seriously.
This place is gonna look like detroit in 10 years.
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Not where you live, it won't.
There are two Californias. In desirable areas the real estate market is global. When prices slip. overseas buyers move in. The prices drop, but never really collapse. The central valley could indeed have a Detroit-like collapse.