Southern California Housing Industry

Southern California Housing Industry 

4 page paper on how the southern califorina housing industry has changed. How prices in big cities like LA and San Diego have made people want to purchase property out of the city. Below is the outline to follow HOUSING INDUSTRY: SOUTHERN CALIFORNIA I. INTRODUCTION A. Microeconomics compared to housing market B. Southern California housing market 1. Microeconomics concepts vs housing market 2. Microeconomics concepts vs southern California housing market II. BODY A. Nationwide housing market compared to Socal market B. Southern California housing market 1. Buying vs renting C. Microeconomics concepts in Socal Housing Market 2. Supply and demand in southern California’s housing market 3. Elasticity 4. Labor economics 5. Competition 6. Market Structure D. When did the Socal housing market begin to boom? E. What attracts people to the Socal housing market? F. The housing market rise in Riverside county due to inflation in cities such as Los Angeles and San Diego. G. The flow of people fleeing southern California due to housing costs H. The predicted future of the Socal housing market. III. CONCLUSION A. Topic overview/conclusion B. Housing market comparison to microeconomics concluding statement C. Southern California housing market concluding statement