CA median home value hits 813k up 34% y-o-y
Thank god there's no inflation.
Comments
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In our shitty little HOA where we rent, tract homes are now approaching an 800K listing price. A 3 hour slog commute from LA in non pandemic times. The point of these outland areas was good schools and big homes at a low price so the two dads don't mind spending their lives in a car every day driving to and from work.
Should be 300-400K at todays rate.
As an aside and I know nobody wants to think about it but in 2005 leading to the big short in 06 and 07 homes around here were hitting 500-600K
Became available as bank owns and at auction for 300-400K and it began again
Saw an article that Phoenix is exploding with million dollar homes now as values race to the sky.
Would have been a good flip market the last 3 years or so
Like many here I am nails at spotting trends after they happen -
Hearing stories here in NoVa of people losing bids for 200K over asking, with 300-400K winning. On homes in the >800K range
Just what I'm hearing, don't twist. -
Yea it’s sick that I make decent money but live in the bay so am relatively speaking comparatively still a poor and will never be able to own a decent house within an hour of San Francisco. Fuck this bullshit I’m moving to Phoenix.
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People commute from Temecula to LA ? I always thought it was San Diego or bust from there.RaceBannon said:In our shitty little HOA where we rent, tract homes are now approaching an 800K listing price. A 3 hour slog commute from LA in non pandemic times. The point of these outland areas was good schools and big homes at a low price so the two dads don't mind spending their lives in a car every day driving to and from work.
Should be 300-400K at todays rate.
As an aside and I know nobody wants to think about it but in 2005 leading to the big short in 06 and 07 homes around here were hitting 500-600K
Became available as bank owns and at auction for 300-400K and it began again
Saw an article that Phoenix is exploding with million dollar homes now as values race to the sky.
Would have been a good flip market the last 3 years or so
Like many here I am nails at spotting trends after they happen -
But I was told that everybody is leaving
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Why not both?
We work from Bakersfield to El Centro -
Beautiful weather is intoxicating. People will take years off of their lives via stressful careers for such a thing.BearsWiin said:But I was told that everybody is leaving
I've been here in Maui and the infrastructure is a joke. Parts of it looks like central Oregon fucking wasteland stuff even. But the 🌈 and beaches and warm weather appears to overcome all of that for people.
I'm not judging, people should do what tf they want to. -
I read the house in Training Day is in the market for 1.1 million. The house is shitty and by Dodger Stadium. That isn’t a very nice or desirable area to most people.
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RoadDawg55 said:
I read the house in Training Day is in the market for 1.1 million. The house is shitty and by Dodger Stadium. That isn’t a very nice or desirable area to most people.
