I currently live in Pasadena. The old town area of Pasadena is a pretty cool scence. Lots of things to do. Hip scene for 20 somethings. But, I don’t see folks hanging around after their 20’s and trying to raise a family in the “hip urban” area of town.

20 somethings, for the most part, can’t afford $1mm lofts or even $500k lofts so their is nothing that could sustain sky high prices.

The builders continue to put up their hybrid (retail floor level, condo upper level) buildings, with many still under construction. I’m thinking this thing has got to crash along with the rest of it.