Higher taxes, higher corporate taxes, higher utilities and insurance thanks to state set fires every year. Hell even liberals are complaining about newsolini. If 20% of ca small business shuts down with the higher taxes and billions for illegals ca can turn in a heartbeat. Even Rogan is contemplating leaving.My house value, on the outskirts of Silicon Valley, has been essentially flat for about 2 years. That's a lot of pent up steam for an increase if you ask me. Silicon Valley is rockin'. TONS of people are working from home, and still cashing their regular checks and getting fat bonuses. CA is really a dichotomy though. There are places like Silicon Valley, and places like the Central Valley. They really couldn't be more different.
One thing that might happen if Joe gets elected is they might repeal the tax law that limited mortgage deductions. That alone will give the high end housing market a kick in the ass.