Your comments have nothing to do with real estate prices in CA.
What? Are you saying that California's socialism isn't a big reason that real estate prices are sky-high in California? By socialism, I include the anti-growth policies and anti-property-rights policies that prohibit builders from meeting the demand for new homes. One aspect of socialism is when government "manages" the economy with dictatorial edicts that stop the private market from meeting demand with new supply. That's what has happened in California -- property owners and builders who want to develop their land with new homes are told they can't, or they're allowed to build only a few houses where thousands would fit.