Much of Calif housing is hyperinflated.
Our $145k house now a $600k house.
Small wonder housing is making our area unaffordable for young couples with kids, jamming them into small apartments in unsafe parts of town.
Best thing that could happen for everyone but the speculators and those who use their houses as cash machines, is to see Calif housing prices fall at least 50% to bring them closer to a rational price.
rh, calif
Forget about it. The home prices there are ridiculous.