18% can only afford to buy a house in CA last year it was 26%.... What the hell does that mean? I believe it is over valuation- but with these low interest rates- is it? Are the real estate valuation real or are they over extensions of wishful thinking.
It is tough to watch the median price of housing balloon so out of proportion that the only way to afford it is to become a rocket engineer or liberal lawyer.
It is tough to watch the median price of housing balloon so out of proportion that the only way to afford it is to become a rocket engineer or liberal lawyer. But if homes aren't affordable, then why are new home construction and home ownership at all-time highs? Why is there no demand for small, "affordable" houses, but a huge demand for McMansions?