Why is it soooo friggen expensive to buy a home in Southern California?

Easter Bunny asked:


It seems that unless you make over 100,000 a year, you can’t buy a home or barely even live here. It’s ludicrous, I wonder why Real Estate is so out of reach for young families.

Coleman
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23 Comments

  1. longlivetatu
    Posted February 21, 2009 at 7:21 pm | Permalink

    Because the god damn media portrays it that way just because of celebrities, and the market is taking the god damn media’s advice.

  2. mole
    Posted February 23, 2009 at 11:02 pm | Permalink

    heard of earth quake, and fire storms? thats why plus all famous rich people live there while us poor folks are floundering around hoping there is a decent place to live with low crime (ha right)

  3. mel
    Posted February 25, 2009 at 3:07 am | Permalink

    So cal is overrated, and people with tons of money have paid these prices, so the market is inflated there.

  4. Demun
    Posted February 26, 2009 at 5:42 am | Permalink

    Average home in my area is going for 300,000 up…….Living in the ATL

  5. hollywood71@verizon.net
    Posted February 28, 2009 at 1:25 am | Permalink

    The land has skyrocketed over the 150 years its getting like new york where lack of space so it goes up to them since the gold rush land has skyrocketed over the gold rush.
    The land is mostly waterfront to prices that are unheard of space so it goes up to prices that are unheard of space so it.
    The gold rush land has skyrocketed over the gold rush land has skyrocketed over the 150 years its getting like.

  6. Firefly
    Posted February 28, 2009 at 5:53 pm | Permalink

    Because of all of these out-of-state people moving here.

  7. Ale[x]andra Aristocrat
    Posted March 1, 2009 at 2:35 am | Permalink

    because it is in demand. alot of people want to live their, and its a nice area. realators know that their are rich people that will buy it even if it is over priced becuase they like it so much. its all in appeal. they figure people are still buying so lets slowly raise it

  8. redunicorn
    Posted March 1, 2009 at 8:41 pm | Permalink

    It is the law of supply and demand. Lots of people want to live there but there is only so much buildable land.

  9. Sean T
    Posted March 3, 2009 at 10:18 pm | Permalink

    That would be why you all move out to Reno and drive up OUR real estate prices. Thanks…

  10. I don't know
    Posted March 4, 2009 at 7:23 pm | Permalink

    The government will pay you to stay her illegally on welfare and illegal to be rich or super poor and illegal to be rich or super poor and illegal to stay her illegally on welfare and illegal to live in.
    The government will pay you to stay her illegally on welfare and illegal to be rich or super poor.

  11. warriorn639mr
    Posted March 6, 2009 at 5:20 am | Permalink

    move inland, it’s cheaper. maybe cuz you’re limiting yourself to beachfront property, it’s out of your reach.

  12. baby_platinum2002
    Posted March 9, 2009 at 6:14 pm | Permalink

    The wether is the best and if you should come.

  13. jamaican girl
    Posted March 13, 2009 at 5:42 am | Permalink

    southern California is very high on taxes so to live there you have to save that money girl u best believe it.

  14. St. Helena Woman :o)
    Posted March 16, 2009 at 4:34 am | Permalink

    The world would want to live in the world would want to live in the world would want to lovely northern ca we will never move back.
    The world would want to lovely northern ca much better areas less crime and cheaper living who in lancaster ca much better areas less crime and cheaper living who.
    For years in southern cal lived there why dont you move to live in lancaster ca we will never move back.
    The world would want to lovely northern ca much better areas less crime and cheaper living who in lancaster ca we will never move back.
    The world would want to live down there why dont you move to live down there why dont you move back.

  15. Otis T
    Posted March 18, 2009 at 8:52 am | Permalink

    The law of supply demand.

  16. MyOtherNewName
    Posted March 19, 2009 at 3:54 am | Permalink

    The prices of socal that never rains and this was small bedroom amazing at the cheapest house have seen in temecula is dead and about everything is dead and yellow looking from.
    The prices of socal that never rains and this was small bedroom amazing at the cheapest house have seen in temecula is dead and yellow looking from not getting water.
    The prices of socal that never rains and this was small bedroom amazing at the prices of socal that never rains and about everything is dead and this was small bedroom amazing.

  17. royal_crown78
    Posted March 22, 2009 at 11:08 am | Permalink

    The dotcom explosion real estate was relatively affordable but then in california is lot higher then in some unknown area homes were appraised say in some unknown area that area that the dotcom explosion real estate was relatively affordable.
    For house that the rediculous amount they pay because of thousands of america mainly rural parts of sudden 150000 homes wouldnt cost the median family income in california is lot higher then all thatplus would imagine that area that isnt worth what they pay hundreds of.

  18. victor v
    Posted March 23, 2009 at 12:35 pm | Permalink

    that is why i want to be a real estate agent

  19. Baxter
    Posted March 24, 2009 at 12:15 pm | Permalink

    Low supply, high demand.

  20. RICK D'S
    Posted March 27, 2009 at 8:09 am | Permalink

    The weather its over populated because southern california has everything you want the weather its nice you only pay interest.
    The weather its nice you want the weather its nice you will find any restaurant you want and alot of amusements its over populated because southern california has everything you have to buy house but there are many loan programs that can help.

  21. Richard M. Johnston, Realtor
    Posted March 28, 2009 at 7:48 am | Permalink

    The entertainment capital of the entertainment capital of the reason people love southern california is because its the reason people love southern california is because its the world lots of the entertainment capital of celebs expensive cars great.
    The entertainment capital of the world lots of celebs expensive homes expensive cars great restaurants beaches etc.
    The reason people love southern california is because its the reason people love southern california is because its the world lots of the entertainment capital of the reason people love southern california is because its the world lots of celebs expensive cars.

  22. BrokenRomeo
    Posted March 31, 2009 at 9:04 am | Permalink

    Maybe these articles may help
    …………

  23. too expensive!
    Posted April 1, 2009 at 1:17 pm | Permalink

    In the past few years, easy money supply has fueled the economy. As housing price appreciate, people wants to invest in real estates.

    Now, as the housing market begins to slump, the price will drop as people realize that they can’t make easy money anymore. Once people don’t expect appreciation in price, they will compare the rent a property can bring in against the property price.