Unless an area is a world class resort, RE values are tightly tied to the local economy. CA is the 8th biggest economy in the world and has gone from about 18M people in 1975 to about 40M now. It’s pretty hard to find a lot of similar examples of growth, expansion and prosperity.
The population of Zimbabwe doubled from 1975 to 2005. I don’t think population growth translates automatically into higher home prices.
And CA being prosperous doesn’t mean that its house prices should appreciate at a faster rate than in less prosperous states. Did the ratio between CA household income and the nationwide average increase from 1975 to 2005? I don’t know, but that’s the statistic you’d need to look at.
The population of Zimbabwe doubled from 1975 to 2005. I don’t think population growth translates automatically into higher home prices.
And CA being prosperous doesn’t mean that its house prices should appreciate at a faster rate than in less prosperous states. Did the ratio between CA household income and the nationwide average increase from 1975 to 2005? I don’t know, but that’s the statistic you’d need to look at.
The population of Zimbabwe doubled from 1975 to 2005. I don’t think population growth translates automatically into higher home prices.
And CA being prosperous doesn’t mean that its house prices should appreciate at a faster rate than in less prosperous states. Did the ratio between CA household income and the nationwide average increase from 1975 to 2005? I don’t know, but that’s the statistic you’d need to look at.
The population of Zimbabwe doubled from 1975 to 2005. I don’t think population growth translates automatically into higher home prices.
And CA being prosperous doesn’t mean that its house prices should appreciate at a faster rate than in less prosperous states. Did the ratio between CA household income and the nationwide average increase from 1975 to 2005? I don’t know, but that’s the statistic you’d need to look at.
The population of Zimbabwe doubled from 1975 to 2005. I don’t think population growth translates automatically into higher home prices.
And CA being prosperous doesn’t mean that its house prices should appreciate at a faster rate than in less prosperous states. Did the ratio between CA household income and the nationwide average increase from 1975 to 2005? I don’t know, but that’s the statistic you’d need to look at.
