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I agree with whats said above, if the prices are climbing that means theres more demand then supply.. so more people must be coming then the ones who are leaving. and if the ones who are coming can afford to spend 3/4 of a million on a house and the ones who arent are leaving.. then all in all you would have to assume thats a good thing for the state of california because people with more money spend more money and it will only boost the economy. They just better keep the ghettos, ghetto. cause thats when theres a problem. You need to maintain atleast a 50% ratio of people who live in the area vs. people who work in the area. If everyone lived in a 700k house, then who would work at McDonalds?
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