is very interesting. Are you implying California is already too expensive in that category? I think a nice coastal house in Monterey and Carmel is way over one million, and you are really hemorrahging cash for the first few years even if you can rent it out.
Also any such investment require at least 5-6 round trips from where you live to where you want to invest, which limit the scope of choices except for the few very determined.
This may be difficult for entry level investors to play.
I am also not sure if I get your point on Gilroy, price per square foot for new houses there is already close to 300, on a same level as many other south bay communities.
What are you implying about LA's urban sprawl? Southern cal's price have doubled in the last couple of years, presumbly due to the booming US-China trade, and they appear too risky at this level.
