While the rest of the country worries about prime and subprime loans, Marin County is shooting up in housing prices. Marin's median housing price is a whopping $1.2M!
Despite Cramer's best attempt at realizing the marketplace on a macro level its amazing that the market in certain areas is still robust. The average house has risen over 15% from last year in Marin. Thats great news for my parents who bought 25 years ago.
The reality is that there are no new developments in my county. No space for them really. Its been developed to the point that our county ordinances do not allow further development. Additionally we have designated large tracts of our county as Open Spaces.
The influx of wealthy and upper-middle class citizens, the 20 minute commute to San Francisco and Cafe Rulli will keep these home prices high.