The housing market in America's most expensive cities is imploding

[TobinL]

@manybellsdown

Last week I noticed they’ve replaced the roof, and my old neighbor says they’ve been hauling carpet out. I’m gonna laugh if they complete all these expensive renovations and then the market tanks on them.

I don’t see it happening much here cause of the zoning not allowing for apartments or even duplexes in much of the area.
Doubly so for living next to the new end of the light rail line. While I am happy I can sell for a good profit when it comes time I feel sad that all the people who really need the public transport can’t afford to live next to it.