[quote=sdrealtor]You are locked in by high capital gain taxes and low property taxes. Death and prop 19 changes that but it’s gonna take a while. Someday the future Silver Spooners in your family will sell them maybe sooner than you think. But it’s not gonna happen en masse for at least a decade or two. Not our problem[/quote]
I’m sure they’ll find a way to make it work–I’m not worried about it–but, my point, per this discussion, was that, like you, I don’t think where people physically work will have any real effect on the future of the housing market. Sure, the market could rise or fall for other reasons, but I don’t think that will be one of them.
