The median house price today in the CA County I live in (Marin) is nearly $700,000!
This is all going to come to a bad end.
The median house price today in the CA County I live in (Marin) is nearly $700,000! This is all going to come to a bad end.
California home prices are excessive, I don't think anybody can deny that. But how widespread is this phenomenon? Homes aren't nearly as costly as that here in Wisconsin (but then, where besides CA *are* they that costly). While I consider the market 'somewhat expensive,' a three bedroom, two story home in the Milwaukee 'burbs for around $180,000 is a far cry from $300-700k! Yes, income levels for comparable professions are lower here too, but that's a huge gap. And things are cheaper, the further you go from a city.
Anybody else care to summarize their local markets? Do any of you have a favorite website on the subject of countrywide home price analysis?