The price of similar 2,200 sq ft, 4 bedrooms, 2.5 baths, 2 cars garage home. No data about the lot sizes.

La Jolla, CA $1,875,000
Santa Monica, CA $1,766,666
Beverly Hills, CA $1,656,500
Santa Barbara, CA $1,603,750
Palo Alto, CA $1,550,000
Newport Beach, CA $1,499,000
San Mateo, CA $1,334,425
San Francisco, CA $1,300,000
San Jose, CA $1,272,625
Greenwich, CT $1,267,500

Who can afford these small houses ?

 

Rich peope.

/smartass

 

not suprised to see that 40% of that list is bay area cali

 

Home prices never fall.




:sarcasm:

 

I can not afford to buy my house now, if I did not buy it 8 years ago, lucky me.

 

i'll continue to rent. my rent hasn't risen with the real estate "boom"

IMO, a house is only truly worth what you can rent it for. If the rent doesn't increase, the price should stay the same. there are just too many idiots out there thinking they can retire on a house or rent it out and make money (you can't at today's prices). Houses also beat inflation, long term, by a measly 1%.

 

I almost ripped you (and provided links to gov't data backing me up)

until I read this
then I did this.

 

Keep telling yourself that. You don't know the first thing about real estate or funding, do you?

Sam...one idiot who has made seven figures in this real estate boom.

 

la jolla represent even tough if any of u have driven threw la jolla the streets are all jacked up. they feel like tijuana streets serious. cracks everywere

 

I'm somewhat of a self-taught amateur economist. I've probably seen all the #'s you were going to post

Don't tell me you read von Mises and Hayek, too!!