Several of the California cities on the list have high prices because everyone wants to live there, the lifestyle is great. Including San Diego, where I live. Several are high because they are near Silicon Valley and a lot of rich people live there and don't want to commute from Oakland.
Two of the cities are Metro DC, and the others are NY and Chicago. Not much to glean from the list except that there are some cities where housing is too expensive for young people. Now if you want to talk murder rate and correlate it to Democrat mayors, I think there is a much better case to be made.
Agreed. I don’t know very many people who think Detroit is a better place to be than San Francisco, even though housing prices are obviously much better in Detroit. California home prices do get an extra boost because of strict zoning requirements and open space protections that prevent much new housing from getting built, but the vast majority of the people here (who are homeowners and as such benefit from the increase in property values) wouldn’t have it any other way.
It can be exacerbated, though, by government meddling that prevents an increase in supply. >>>> here in my hood in philly they have tax abatements for 10 years so the rich can buy newly constructed houses that the locals can’t afford.