What is the median housing price in Richmond these days (a city that used to be something of a slum)? Prices are out of control in parts of SoCal too, particularly in neighborhoods that are reasonably desirable in the closer in hoods of Los Angeles (if farther out, welcome to unmitigated traffic hell). Even in still pretty rough neighborhoods, a 1500 square foot house can cost 500K. I own a house I planned to retire to in Silverlake (about 5 miles from downtown LA) that I paid 825K for about 9 years ago. It is worth close to two million now. What was once merely a quite expensive housing market, has now become catastrophically expensive. Public policy on this issue has been an epic fail, with self serving nimby zoning being perhaps the primary culprit. Can one build a frigging thing these days in Marin County, which must be left pristine to save the planet and a bucolic setting or something?
I'm intrigued that people still have lawns in South California. Have they not realised they live in a godforsaken desert yet or...?
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