My main question is does anyone have a good reason to believe real estate prices, in this area, or in general in the US, will continue to go up at a clip higher than inflation, or better, for the next 5-20 years?Last week I attended a talk by Bruce Norris, a prolific investor in Riverside County, CA. He's buying everything he can get his hands on because he believe CA real estate will appreciate by 20% or more in 2013 alone.Norris accurately predicted the California Comeback ...http://www.thenorrisgroup.com/blog/tag/california-comeback/... and more importantly predicted the California Crash. http://www.thenorrisgroup.com/blog/tag/california-crash/A lot of California real estate investors follow his advice with good results.He made a strong argument for 20% increase--all of which I can't repeat here because I can't post the graphs he used--but he was right twice before, so...http://www.thenorrisgroup.com/index.php?cID=308
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