>>52956890Absolutely not. There is an exodus in California even with migrant numbers coming into the country. The numbers that can afford the inflated value of Californian homes, especially the bigger sized mansions, is shrinking to nothing. As the Fed increases rates to combat inflation this situation will just get worse and worse. The entire US housing market might not crash in the next 5 years, but California's will. I actually know what I'm talking about here, but I don't want to get too far off topic. Mori would be stupid to invest a real serious amount of money in any real estate there. Would you gamble $2,000,000 or more yourself? That's what it is, gambling huge amount of money on Californian politicians and the banks and other people in the housing market themselves. How do you feel about gambling that much money?
