The US is not famous for their redistribution politics especially not the past 30 years.
In Denmark we have numerous policies in place, that ensures that housing stays as housing and does not become a speculative asset - this is good if you want to buy a house the popular places.
Also, remember this is macro dynamics. Yes, houses are more expensive in the bay area. But I bet that housing has comparatively gone down in value in less popular areas.
>>But I bet that housing has comparatively gone down in value in less popular areas.
You would lose that bet.
Other than a few places where the town/city as literally being abandoned (i.e. towns in the middle of nowhere were the last factory has shut down) - home process have gone up everywhere in the last 3-4 years, and pretty dramatically so.
The US is not famous for their redistribution politics especially not the past 30 years.
In Denmark we have numerous policies in place, that ensures that housing stays as housing and does not become a speculative asset - this is good if you want to buy a house the popular places.
Also, remember this is macro dynamics. Yes, houses are more expensive in the bay area. But I bet that housing has comparatively gone down in value in less popular areas.