Contrary to popular perception, the fundamentals underpinning Southern California’s explosive real estate boom are actually quite poor. So why have home prices risen so high? Because the local housing market is in the midst of a textbook speculative bubble.
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Evidence of a Southern California Housing Bubble
Contrary to popular perception, the fundamentals underpinning Southern California’s explosive real estate boom are actually quite poor. So why have home prices risen so high? Because the local housing market is in the midst of a textbook speculative bubble.