plenty of upside

During the Gold Rush, Sacramento was the last stop on countless prospectors’ road to riches. Then, as now, however, not all who ventured into Sac City got what they came for. The housing market in California’s capital peaked in September 2005 at $252.78 per square-foot. But by the end of 2010, the price has sunk to a $110.76 – a 56.2% price drop. Still, for prospective buyers with cash on hand, there’s still plenty of upside. We’d wager that savvy investors during the Rush made more money in pickaxe sales than gold mining.