I couldnt agree more with HLS. People moved to these areas because it was affordable. When housing and gas prices went up 3X in 5 years it wasnt affordable anymore, at any interest rate. So people stopped buying and we are where we are now. The very idea that things will go right back up to where they were cause the GOV commands it is so foreign to me. Wasnt the Gov commanding it back in 2006-7? I sure remember alot of “all clears”.
Everyone here talks about the weather as if it is the end all and be all and that everyone in the world wants to live here. I have had a few cousins move out to SoCal, from Minnestoa I might add, only to go right back in a year or so. They didnt like the culture, or the cost of living, the constant traffic jams, or the almost soulless nature of so much of residental Ca. I have friends who moved to texas, or NYC, or Boston and LOVE IT. They are not coming back. To each his own, and despite the nice weather, Ca does have its draw backs. Something the “housing always goes up cause everyone wants to live here” crowd needs to rememeber.