California home prices just reached a new record high, median now $904,210
Home prices in California reached a new record high in April as sales increased despite elevated mortgage rates and the state’s seemingly insurmountable housing shortage. The median price of …
With that much money I could buy 8 houses like the one I live in right now.
Where is this magical land of under $200k houses?
If you want some big city live’n, this place in Wyoming’s capital is 160k and has a killer Kiss room.
I want to go to there!
And we couldn't afford a home when we moved out of L.A. back to Indiana over 10 years ago. It was one of the reasons we moved back.
That’s pretty low. Based on prices in my neighborhood I assumed median was easily over $1M.
The plus side is once insurance companies leave California due to all the wildfires from climate change housing prices will drop as fast as their smoldering condos.
Nah, the US government will pander to the real estate industry and subsidize insurance, just like they have done in the south east for flood insurance.
California is the nation’s biggest economy and the nation’s biggest real estate market. If that were to get disrupted, people are going to freak out like they did in 2008.
We can only hope!
EDIT: /S
Good good, people
If your only hope is the wildfires you have a serious problem