The great American housing bubble that is still in the process of deflating hit California particularly hard. Prices for houses like the one I show here soared into the seven figures as people were not deterred by a dysfunctional state government or the threat of natural disasters. The outcome is still unpredictable. Prices will drop, they have to drop, according to the laws of economics (which are not so much laws as very strong principles). But, there still remains the fact that, goshdarnit, California is a nice place to live. There are great views out across the ocean to glorious sunsets, made all the more glorious by air pollution. There is room to spread out, on hillsides and on deserts, and the air is clear and warm. If these salubrious conditions breed madness, so be it. California represents a logical stopping point for the American Dream, and should an earthquake bring things crashing down, it only creates another opportunity for a new set of dreamers who can remake the landscape and their lives.
No comments:
Post a Comment