I think it’s likely that, in the very long run, Southern California home prices will be driven by what people in the very top layer of mobile world society can afford.
I disagree. Once they’re mobile, they aren’t buying a tract home in Irvine, La Costa, or Oceanside.
They’ll spend 3-6 months on Hawaii, 3-6 months in Buenos Aires, 3-6 months outside Lisbon, 3-6 months in Greece or Turkey, 3-6 in Thailand, 3-6 months in Australia, 3-6 months in Indonesia, 3-6 oonths in coastal France, 3-6 months in Coastal Italy, 3-6 months in Costa Rica, 3-6 months in Brazil, 3-6 months outside Johannesburg, 3 months for a summer in Norway, 3 months in Amsterdam, 3 months in Ireland, on and on and on…
