Quote Originally Posted by English View Post
I'm not sure that the housing market here or nationally will ever recover without some major coercive policies or an influx of immigration. There simply aren't enough of my Generation X or the Millennials who are going to be able to afford to buy these houses, let alone want the albatross for ourselves. We're marrying later and having smaller families. If people want to sell their houses now or within the next 10-20 years at a profit, you had better hope for a general amnesty or some rather creative lending.
Wait..huh? Housing prices have fallen to incredibly low levels. I would agree with you if this were 2005...and if we're talking California..... but affordability here and now is not the problem. The problem around here is a lack of job security to make the investment worthwhile. I mean heck 100k gets you a great place virtually anywhere in SeM. The one thing this area does not lack is cheap housing options.