Housing Prices in Perspective
There is some good news -- the median price of a home in one California county is $69,000!
That county is Modoc County...don't bother to look it up! Cheap places are cheap for a reason!
Here in San Diego County, the median price is $617,000, and only 8% of the county population can afford the median priced home.
It takes an income of $150,000 a year to afford a median priced home in San Diego.Overall, the County prices increased 5.2%...in 92026, houses increased 4%...in Pauma Valley they went up 67% and in one part of Rancho Bernardo prices went down 1%.
For those who do not know Pauma Valley, it is an almost unknown part of the County -- I tell people that the Pauma Valley maids and gardeners own homes in Rancho Santa Fe!
This information is designed to allay fears about a "housing bubble."
So long as California can withstand downward pressures in the overall market, and maintain stability -- which we have so far -- then the nations overall stability is assured. Just as there is a micro market within San Diego County as evidenced by the increase/decrease in different areas, there is a macro market within the nation -- some area housing rise, some go down.
When Florida prices close the gap with California, California prices rise to maintain the natural "delta."
While I can't understand why anyone would live in Florida, I also can't imagine how anyone can afford to buy in California!
How many coke dealers can there be?
That county is Modoc County...don't bother to look it up! Cheap places are cheap for a reason!
Here in San Diego County, the median price is $617,000, and only 8% of the county population can afford the median priced home.
It takes an income of $150,000 a year to afford a median priced home in San Diego.Overall, the County prices increased 5.2%...in 92026, houses increased 4%...in Pauma Valley they went up 67% and in one part of Rancho Bernardo prices went down 1%.
For those who do not know Pauma Valley, it is an almost unknown part of the County -- I tell people that the Pauma Valley maids and gardeners own homes in Rancho Santa Fe!
This information is designed to allay fears about a "housing bubble."
So long as California can withstand downward pressures in the overall market, and maintain stability -- which we have so far -- then the nations overall stability is assured. Just as there is a micro market within San Diego County as evidenced by the increase/decrease in different areas, there is a macro market within the nation -- some area housing rise, some go down.
When Florida prices close the gap with California, California prices rise to maintain the natural "delta."
While I can't understand why anyone would live in Florida, I also can't imagine how anyone can afford to buy in California!
How many coke dealers can there be?
posted by Kimo | 6:53 PM
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