Replies

The housing market has been overvalued in some parts of the country so right now we're seeing a price correction under way. I doubt you'll ever see million dollar middle class homes... no one could afford to even live in them.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus

I doubt you'll ever see million dollar middle class homes... no one could afford to even live in them.

Depends where you are.

At my wife’s office the average salary is probably in the $240,000 range. That’d be your generic mid-level manager.

If you include variables like bonuses and stock grants you’d probably have compensation in the $320,000 range, give or take, on average.

Certainly there are lower level, new people that make significantly less – but then there are plenty that make considerably more.

Considering that both spouses typically work (so there’d probably be other income in addition) how much home do you think you could afford?

I ask because you can hike around in Peters Canyon and climb a few hills and look out at mile after endless mile of million+ dollar homes. They’re not sitting unoccupied either.

Then you can go to Malibu or Newport Beach and look at the *really* expensive ones.

People don’t live in southern CA because they crave smog or enjoy never-ending hordes of people. There’s only one reason ($).