CA, FL, AZ - arent these also hotspots of immigrant labor. And ofcourse they were mostly drawn in by the building boom in the first place. Vicious cycle! Now the building frenzy is gone. theyre gone, speculators are gone. Their economies are dead. It will be a long time before balance is restored and prices can move up. So sit back and relax folks...even if it really has hit the bottom, its not going anywhere up anytime soon.
Housing: Not Cheap Enough? [View article]