Eh, then why are prices climbing here in California? For all the people who call San Francisco a sh!thole, more people want to live there than there are spaces for, so prices keep going up.
Are home prices still going up? I thought they were finally stalling.
Prices are climbing all over. The federal government has printed trillions of dollars - I'm not sure how many - of counterfeit money. That money, unbacked by production of goods and services, is in circulation and is being used to bid up prices of homes and hamburger.
California has a lot of economic capital to burn through; it will take a while longer. And California is a beautiful state. Some billionaires, like the Pelosi family, prefer to risk being beat to death in their own homes rather than leave their palaces.