Will the high cost of housing in California turn it into a red state?

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The median price of a house in San Diego, last I heard, is $525,000. My grandparents bought the house I live in for $7,200 in 1938. Now, any house on my street in San Diego is at least $630,000. Nobody can buy a house in San Diego unless they have a six-figure income (or else enough cash to buy it outright).
The prices in other areas of California, such as deep-red Orange County and deep-blue San Francisco, are even higher. Middle-income and lower-income people are dramatically being squeezed out of any possibility of owning their own home in California (at least in coastal California).
Most of California is basically being turned into a boutique real estate market for the ruling class or those who benefit the most from the economic apparatus. People who are in the middle or clinging onto the bottom of the economic apparatus are forced to look to other states, or undesirable areas (the hot inland areas) if they want to have any hope of buying a house.
My question in this topic, will this result in a tilt towards conservatives and Republicans in California, and a weakening of California's traditional Democratic base?

[nadinbrzezinski]

1. hmm .look at history

and they will nto tell you this... the market goes through this every tewenty years and we are overdue for the buble to burst... and it will

Lets see, our good paying jobs are going away... and I see more and more foreclosures

[lenidog]

2. I don;t think so. To start off just because one is rich doesn't make one

a Republican. Also this is nothing new, prices have been outrageous in costal California and the cities for decades now. Though it can cause major problems. Take San Francisco somewhere in the past the city council had this brilliant idea that to be a public shool teacher in the San Francisco shool district you must live there. Only problem is that no one could either afford rent or a mortgage unless you spouse was pulling down far more than you were as a teacher. This created a mass shortage of teachers in San Francisco or at best left them with young inexperienced teachers who were 20 something and didn't mind having 2 or 3 roomates.

[leftofthedial]

3. I would think it would have the opposite effect.

The economy can't sustain those price elvels as unemployment increases and becomes more and more chronic.

[Jamison]

4. What will happen is...

that if prices continue to rise out of control like that in CA, people will just refuse to buy homes there, which will contribute to the bubble bursting. No one in their right mind would pay $500-600K for a home you could get in the south or midwest for like $180K.

[deacon]

5. The market here is where it was right before it went into an 8 year funk

a major league leak in the real estate bubble.