Quote:
Originally Posted by punkwax
There really isn't a lot of land to develop locally here. We're surrounded by ocean and mountains. People keep holding out hope that local RE will magically become more affordable. I'm sorry to break it to you, but I don't see it happening myself.
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This argument's been used in San Francisco,a finance and tech hub with similar land "constraints" and real estate got squashed there during 2001-2003 and 2008-2010.