Los Angeles

[prunoid]

peak of the bubble. New construction is a lot more expensive than existing inventory. That will limit the amount of new homes coming into the market.

[DrivingSideways]

And that is relevant to almost completely built-out Los Angeles because.... ?

[prunoid]

There is always more desert to build on or build up on already developed land. With higher gas prices, the ex-suburbs will depreciate in value.

[DrivingSideways]

Still not seeing how new homes, the exurbs or deserts are relevant to LA.  Your argument seems constructed of various catchphrases strung together with very little content to connect them into a coherent thought.  Perhaps you meant to post in the Inland Empire forum?

[jordanmust]

Driving, this is twice today that I agree with you :-)

[StudioCityGuy]

Deja vu????

We had that nonsense with the construction cost previously:

http://forums.redfin.com/t5/Los-Angeles/When-things-were-going-downhill/td-p/346566