[lbo-talk] House prices

[Wojtek Sokolowski]

Jordan: 
> This gets mentioned in (Northern) California, too.  But it's true:
since
> the population is expanding and the supply of rental housing is fairly
> well fixed (and largely crappy), the urge to buy is big.  The places
> that are selling all the new homes are getting further and further out
> on the transportation corridors (read: freeways).  Pinole (north of
SF)
> and Tracy (to the east) to name a few, but to the south there's
Gilroy.

What baffles me about Bay Area housing market is a relative absence of
higher density housing.  Topographical and zoning constraints (mountains
and water) do not seem to halt sprawl of single family units.

Wojtek