California home prices just reached a new record high, median now $904,210
California home prices just reached a new record high, median now $904,210
With that much money I could buy 8 houses like the one I live in right now.
Where is this magical land of under $200k houses?
If you want some big city live’n, this place in Wyoming’s capital is 160k and has a killer Kiss room.
I live in such a town. You could buy a gorgeous mid century style home for less than that. It's very close to one of the best universities in the county. There is an Amtrak station that is 2hrs from a major city. It's only a 2hr drive to two other major cities. A lot of nice bike paths. It's in a large blue state. Only 15-20 minutes to a mid sized city Fiber Internet is available. Cons: Schools aren't the best, because there is quite a bit of poverty because it's a low cost of living area. Property taxes are quite high. So if you don't have kids it is a decent place to live. You could also move out of city limits where you're outside of the school district as that is the majority of property taxes.
I want to go to there!
And we couldn't afford a home when we moved out of L.A. back to Indiana over 10 years ago. It was one of the reasons we moved back.
That’s pretty low. Based on prices in my neighborhood I assumed median was easily over $1M.
The plus side is once insurance companies leave California due to all the wildfires from climate change housing prices will drop as fast as their smoldering condos.
Nah, the US government will pander to the real estate industry and subsidize insurance, just like they have done in the south east for flood insurance.
California is the nation’s biggest economy and the nation’s biggest real estate market. If that were to get disrupted, people are going to freak out like they did in 2008.
We can only hope!
EDIT: /S
Good good, people
If your only hope is the wildfires you have a serious problem
