It is premature to write off the crazy train to Palmdale. Unpredictable events have been set in motion and all you can do is speculate.

For certain Trump ousted, more likely than not, and any Democrat in power the gravy train to Palmdale will reopen. PB will be back in the saddle.

The real wild card is the economy and you already see portents of a potential large downturn. With a radical possibly in power like Warren and an appeaser in foreign policy all sorts of crises are possible. For sure we are seeing the end of the Pax Americana.

In the Bay Area I think housing prices will explode even in a recession. The situation in Hong Kong came out of nowhere and even under the least violent scenario some very wealthy will now resolve to emigrate and California and especially the Bay Area will be the historical destination. The ripple effect of that kind of money will distort housing, etc. even more than now.

Very little room left for any kind of middle class in California: a tiny overclass and a teeming underclass.