That is the new kool-aid, thinking that inner city real estate will not go down in value because all of suburbia will move there. The examples they used involved a suburb that sprang up during the bubble years, going from population 1,500 in 2002 to 38,000 today. That is why it is riddled with foreclosures, because of when it was built, not so much where, everyone in the town is underwater. Ask a downtown San Diego condo owner who bought in 2005 if prices are stable. As soon as these analysts realize that families aren’t going to move downtown, instead they will buy more efficient cars, they will be able to see the real possibility that a trend of employers moving to the suburbs has just as likely a chance of materializing.
