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Some say California real estate will fall another 20% from here. Why can;t it fall 50%?
Jul 24 06:49 am
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All Comments by Ames Tiedeman »Foreclosures Still On the Rise in California [View article]
The per capita income in Huntsville, Alabama is $15,000 higher than San Diego, Ca., and property is 1/3 the cost. It is all coming home to roost. Back in the 1950' and 1960's the pricing disparity between houses in Southern California and the "rest of the nation" as it was called was about 10%. California has a long way to fall.