Things Looking "Up" in California

Everyone loves to point to California as the prime example of the excessive greed of the recent real estate boom. Media, bubble bloggers, and pundits predict that California will plummet to new lows and bring on a lengthy recession akin to the Great Depression. Even home-grown and respected PIMCO of Newport Beach predicts a heavy fog for the state’s real estate forecast.

Why are these developers choosing to build up instead of out? 

The answer is that demographics are still favorable.  Here are four reasons why.