Hey Easy , just regarding my post during the week. I agree there a lot more things to consider when looking at why property prices go up , but population & growth imo sits at the top of the list.
You quote Nevada & Florida got hit the hardest. Fair enough , but in GFC nothing is safe & unsure how that has anything to do with the point I'm trying to make. Those to states are reliant on a booming economy for growth as both are seen as Holiday destinations & not really for a family home or somewhere to start a decent life, so of course they would be the hardest hit 1st .
Second ,imo your are looking at it the wrong way. GFC had all of US house prices down , Popular spots in NY & Cali also seen 30% + reduction. But the quickest states to gain in price post GFC was the more populated & growing states , NY & Cali.
