California median home price...$647,000.

[solid]

Was watching the local news. This is the median home price in the whole state of California.

I just don't understand it. Who can afford a home that price? The median value?

The story talked about how housing was rebounding, but where are the jobs? I can tell you, California has a pretty high unemployment rate. We get guys from all different fields floating through my work, just trying to get hours. These guys always talk about how hard the employment market is.

Granted this is blue collar work. I just don't understand the home prices. If the average home in the whole state is $647K, what's the average salary need to be?

I've always thought, your home shouldn't be more than 3 times your salary. This would put the median salary in California to be around 200K a year.

It just makes no sense.

[LuckyStrike]

It just makes no sense.

Don't tell us, why don't you think we live there?

[solid]

Don't tell us, why don't you think we live there?

California is the most beautiful state in our nation. You've got the best beaches, incredible mountain ranges, the desert, rainforests, all in one state....and gold, there's still gold in dem dar hills.

I don't see why it should go to hell, or be given up. California, is worth fighting for. The state needs to be grounded to reality though.

[Serpo]

Melbourne's median house price rose 1.6 per cent to $529,077 over the first three months of 2012, according to Australian Property Monitors' March-quarter house price report.

http://canberratimes.domain.com.au/real-estate-news/melbournes-median-house-price-up-20120428-1xrck.html


and all you get for that (as opposed to California) is tram tracks ,ugly roads,buildings ect.................i hate cities

[osoab]

What's Vancouver's number? 800k-1 mil?

[LuckyStrike]

California is the most beautiful state in our nation. You've got the best beaches, incredible mountain ranges, the desert, rainforests, all in one state....and gold, there's still gold in dem dar hills.



That is exactly the point, it has all those things and you still couldn't pay me to live there.



I don't see why it should go to hell, or be given up.



There were a lot of people who said the same about Rhodesia and South Africa, now they have left, or there daughters are raped and their sons killed by blacks. I'm sure there are people who said the same thing about the Titanic "why abandon this ship it's a magnificently beautiful vessel" but sometimes you have to know when to fold em.

IMO you californians are looking at leaving the wrong way, you look at it as giving up on what was once a great thing, but I look at it as letting nature take it's course. Let the bastard implode let them go bankrupt and raise taxes to 99%, just leave and maybe when we are older we can buy up half the state for a song when everything implodes, in the mean time you can be around MUCH better quality people. What is going on in california can't be argued with it's like standing on the beach with a hurricane bearing down on you and trying to use your own lungs to blow it out to sea, it ain't gonna happen, just leave while you can and come back once the devastation is over.

[palani]

In the mid 70s I did some backpacking on the Pacific Crest trail. Near Truckee I camped by a lake next to a guy who had lost his job and had moved his wife and kids to a tent. He did odd jobs during the day.

Californians couldn't afford it even then.

[Rubberchicken]

That is exactly the point, it has all those things and you still couldn't pay me to live there.




There were a lot of people who said the same about Rhodesia and South Africa, now they have left, or there daughters are raped and their sons killed by blacks. I'm sure there are people who said the same thing about the Titanic "why abandon this ship it's a magnificently beautiful vessel" but sometimes you have to know when to fold em.

IMO you californians are looking at leaving the wrong way, you look at it as giving up on what was once a great thing, but I look at it as letting nature take it's course. Let the bastard implode let them go bankrupt and raise taxes to 99%, just leave and maybe when we are older we can buy up half the state for a song when everything implodes, in the mean time you can be around MUCH better quality people. What is going on in california can't be argued with it's like standing on the beach with a hurricane bearing down on you and trying to use your own lungs to blow it out to sea, it ain't gonna happen, just leave while you can and come back once the devastation is over.
Very well said, sadly your one paragraph is not going to change their life of indoctrination. I don't spend much time encouraging them to leave because the next thing you know you have a snide liberal with an entitlement attitude as a neighbor.

[ximmy]

My parents, brother, sister, everyone I know is here... I can't leave.

[palani]

My parents, brother, sister, everyone I know is here... I can't leave.

Then find somewhere else to be without leaving.

[General of Darkness]

Purchased my home in 1996 for $250K, current value $650K current loan amount $180K, I really should sell and move up to Fraiser Park. I could get a place with an acre for about $150K and have $320K in my pocket which I could use to start a business or invest in whatever I wanted. Unfortunately, my motivation level is close to zero these days.

[ximmy]

Purchased my home in 1996 for $250K, current value $650K current loan amount $180K, I really should sell and move up to Fraiser Park. I could get a place with an acre for about $150K and have $320K in my pocket which I could use to start a business or invest in whatever I wanted. Unfortunately, my motivation level is close to zero these days.

I owe less than 90 on mine... keeping my eyes focused on that next one... after the big show... :p

[big country]

you can't move over one state? I mean living in phoenix only puts you like 3-4 hours from so cal...

I understand not leaving family, I left my first professional job to get closer to family...still don't live in the same state, but much closer. 2 hrs by car now instead of 25.

but there comes a point...

[LuckyStrike]

Purchased my home in 1996 for $250K, current value $650K current loan amount $180K, I really should sell and move up to Fraiser Park. I could get a place with an acre for about $150K and have $320K in my pocket which I could use to start a business or invest in whatever I wanted. Unfortunately, my motivation level is close to zero these days.

I say this to myself as much as I say it to you, but you have to strike while the iron is hot motivation or not.

[solid]

I could get a place with an acre for about $150K and have $320K in my pocket which I could use to start a business or invest in whatever I wanted. Unfortunately, my motivation level is close to zero these days.

Go up there and retire man. Start up a small business in whatever you are interested in for pocket money.

Housing prices are still in a bubble here.

What's the average salary of a worker in California? 60K? 70K, maybe?

Times 3, your average home should not cost more than 200K. It's $650K now. Lot's of room to collapse, imo.

[Silver Rocket Bitches!]

Purchased my home in 1996 for $250K, current value $650K current loan amount $180K, I really should sell and move up to Fraiser Park. I could get a place with an acre for about $150K and have $320K in my pocket which I could use to start a business or invest in whatever I wanted. Unfortunately, my motivation level is close to zero these days.

Who the hell would you sell to?

I agree with solid. It makes no sense. The median home is $650k yet the median income is just over $54k a year.

http://www.doctorhousingbubble.com/wp-content/uploads/2012/05/california-median-household-income-2010.png (http://www.doctorhousingbubble.com/wp-content/uploads/2012/05/california-median-household-income-2010.png)

What that tells me is you probably have a bunch of baby boomers selling houses back and forth to each other and po' folks scraping together the 3% needed for a FHA loan. Totally unsustainable on all fronts.

I understand those living there wanting to rationalize all this away. I have relatives in CA and they too are deep in denial.

[zap]

[QUOTE=LuckyStrike;542716]That is exactly the point, it has all those things and you still couldn't pay me to live there.

Well I am a Califorina through and through wouldn't move unless you paid me a BUNDLE.

If you look out my window and see what I see I bet you'd stay too. :)

[willie pete]

[QUOTE=LuckyStrike;542716]That is exactly the point, it has all those things and you still couldn't pay me to live there.

Well I am a Califorina through and through wouldn't move unless you paid me a BUNDLE.

If you look out my window and see what I see I bet you'd stay too. :)

having lived in norcal in several locations, it truly is a beautiful wonderment of nature with a diversity unequaled

[solid]

I agree with solid. It makes no sense. The median home is $650k yet the median income is just over $54k a year.

Thanks for that, I was trying to find out the ave income in Cali. $54K sounds right. I'll be honest, my income is not static, it can be a bit more than the ave, or less, depending upon the work that comes in. The average home here should cost 3 times that amount. The average home should cost around $150K, not $650K. Homes should only cost 3 times the ave workers salary.

Fortunately, my home is a floating one, with a million dollar view. I agree with Zap, look out the window here and you would never leave.

[zap]

My parents bought their tract home in 1970 , they paid $ 20,000, at the top of the market homes around them were going for $350,000 to $400,000 , POP the bubble bust and it is worth 180,000 on the high-side, I wouldn't pay anymore then 150,000.

[milehi]

I'm on the three year plan to get out of here. My small business will have been taxed to death by then and I'm moving one state up or over. I could take the the job offers and go corporate but that's not my style and I wouldn't last very long eventhough I'd be making bank. By that time it would be time for something different in my life anyway.

Meanwhile, a mile from my office, houses are being framed again. On slabs that have sat for four years. Freeway close too; like 30 seconds close. $250-400K, stacked on top of each other.

[Son-of-Liberty]

Purchased my home in 1996 for $250K, current value $650K current loan amount $180K, I really should sell and move up to Fraiser Park. I could get a place with an acre for about $150K and have $320K in my pocket which I could use to start a business or invest in whatever I wanted. Unfortunately, my motivation level is close to zero these days.

You need to sell and GTFO of California while prices are still high. Take your profits. The whole state is up shit creek financially and the only thing the politicians can think of doing is to raise taxes even more. Once the state goes bankrupt it will be too late. House prices will plummet.

[LuckyStrike]

You guys act like Cali is the ONLY place with scenic views, sure it has the most diverse scenic views, but you can buy a house in the rockies and one on the water outside of cali for the same price as one in cali.

I honestly hope you don't regret staying, for your sake, and your childrens and again I live in Florida, while it isn't the workers paradise that CA is, it is still very nearly overrun with mestizos.

[millwright]

Absolute fu*king madness im reading in this thread.

I was born and raised in Southern California. Also lived in the bay area and central valley for 6 years. Half Moon Bay and Manteca.

Sold my last house in So Cal in 2006 for double what i paid for it in 2002. Moved to KY and have not looked back.

If you are a Gimmer and still living in Cali you are a fu*king nut case times two in my opinion.

I have not nor will I ever miss that smog infested , gang infested , traffic hell , tax hell ,piece of shit, shit bag mother fu*ker. Not even close.

You are fuc*ing surrounded by 100s of thousands of gangbangers. Your state income tax is 9 percent. Your sales tax is 10 percent. The smog nazis own your ass. The gun laws are insane.

Yes the western mountains and deserts are incredible,so what. America is large ,and offers much much more beyond the Sierras and the Mojave.

I can buy any damn firearm I want and walk out with it instantly. I have long tube headers and no cats on both my Mustangs.I can and have open carried with my loaded 380 and 9 mm on my hip. In and out of retail stores as well as around town. Gas is at least 20 percent less.

I could go on and on and on and on.

Califonia is a rotted out shell of a shithole.

MW

[Nomoss]

Hey millwright. Not to say what you are saying is not spot on
But look where you lived.
I have been and lived in a lot of places but not one is like home.
I live in NoCal now. I'm from the city.
That's San Francisco to you all.
I was down in the bay area last week to see my sons.
I don't miss the bay area but I do miss being out on the bay
And my boat. Was out in west Marin to get some
Hog Island oysters. Hmm... they were good!
And the French Cheese factory. Oh yes the breads.
The wines. The foods. It was Very nice out there
With the top down on the old MGB. Yes home.
Its sad what has happen here. It would be nice
If THEY would go home so I Could!
My dads house new was 20K in Marin it
Sold for 1.5M in 03.
As they say if you have not lived here you just don't know.
PS. Solid I like that gaff rigged ketch.

[Sparky]

This entire thread is built on sand.

The median price of existing, single-family detached homes in California in March 2012, as reported in April by the California Association of Realtors, was $291,080.

http://www.car.org/newsstand/news/march2012sales

The median price for the entire U.S. is $158,100.

The median household income in California is $57,664. In the U.S. it is $51,413.

Most likely what solid heard on the local news was a report of median house prices in the San Francisco area.

[Horn]

If you look out my window and see what I see I bet you'd stay too. :)

Waterloo Sunset?

[Serpo]

Our house is our heart and soul , built it our selves , its something we love,it has meaning for us,it is almost impossible to sell it for a pile of notes.Paid for.
Its gone up in value since it was finished but what does that mean as everything is relative .
I found what I liked the most and that was to build ,think .create from nothing a living structure of your dreams.Its great fun.

[Twisted Titan]

Who the hell would you sell to?

I agree with solid. It makes no sense. The median home is $650k yet the median income is just over $54k a year.

http://www.doctorhousingbubble.com/wp-content/uploads/2012/05/california-median-household-income-2010.png (http://www.doctorhousingbubble.com/wp-content/uploads/2012/05/california-median-household-income-2010.png)

What that tells me is you probably have a bunch of baby boomers selling houses back and forth to each other and po' folks scraping together the 3% needed for a FHA loan. Totally unsustainable on all fronts.

I understand those living there wanting to rationalize all this away. I have relatives in CA and they too are deep in denial.



I could give a rat's @$$ who will by it and by what form of mental gymnastics they use ..as long as it is sold.

Almost 400k is serious chunk of fiat to be sitting on in times like these and if you can't make it elsewhere with those type reserves I don't know what to say.

Just know that some of us would. Saw there left leg off to be in a position to have oppertunity like that nowadays

[BrewTech]

Meanwhile, a mile from my office, houses are being framed again. On slabs that have sat for four years. Freeway close too; like 30 seconds close. $250-400K, stacked on top of each other.

Same story around my house. This place was ground zero for foreclosures in '08. Rather than buy the houses that are empty, new folks are coming in and buying into the brand new developments. They've built three new tracts of homes (yes, more McMansions) within a mile of me in the last year, and they are being bought. I don't get it, because this place mostly sucks ass.

[gunDriller]

Purchased my home in 1996 for $250K, current value $650K current loan amount $180K, I really should sell and move up to Fraiser Park. I could get a place with an acre for about $150K and have $320K in my pocket which I could use to start a business or invest in whatever I wanted. Unfortunately, my motivation level is close to zero these days.


that's what real estate agents & moving companies are for !


so they still have the tax law, if you've lived there for 2 years or more, capital gains on a primary residence are exempt from capital gains ?

[Book]

http://2.bp.blogspot.com/_4wDVqEx5bCc/TABBI4BsXtI/AAAAAAAAAh8/SgThaRPOVMY/s1600/052610_77.jpg

https://www.examiner.com/sites/default/files/styles/large_lightbox/hash/Idaho%20Famous.jpg

http://media.idahostatesman.com/smedia/2012/02/19/23/51/TPrxy.AuSt.36.jpg

BOISE -- The Susan G. Komen 'Race for the Cure' is a yearly event that helps thousands of Idahoans fight breast cancer through research and donations.

Boise's 14th annual Race for the Cure will take place on Saturday, May 12th at the Albertson's Headquarters on Parkcenter Blvd.

Race organizers say In 2011, over 16,000 people signed up for the event and pledged to raise money. Their combined efforts brought-in a total of $210,000 to help women in dozens of Idaho communities. In addition to that, participants raised thousands for national breast cancer research.

::) notice all the thousands of friendly happy WHITE PEOPLE in these Idaho photos?

[Book]

http://davebullock.com/img/dynamic/large134.jpg

http://eecue.com/i/Protesters-eecue_25975_iqwj_l.jpg

http://cdn2.wn.com/pd/7a/99/a4deb44cfe407eb8c0aa7bdca3bf_grande.jpg

Los Angeles Race For La Welfare

::)

[solid]

PS. Solid I like that gaff rigged ketch.

She was actually a sloop, then re-rigged as a yawl. First sailboat to sail around the world by one guy.

http://en.wikipedia.org/wiki/Spray_%28sailing_vessel%29

[solid]

Most likely what solid heard on the local news was a report of median house prices in the San Francisco area.

The news anchor said in the state of California, but you are right, it's most likely an error. Still, if the medium home price is 291K, that is overinflated. Look at the numbers, median income in the US is roughly $52K, median home in the US is $158K, 3 times the income.

Homes should not cost more than 3 times the annual income. So, at 291K in California for a home, the annual median salary should be 97K a year. But it's not, it's 57K. This, to me, suggests there's still a big housing bubble here.

[palani]

median income in the US is roughly $52K

Median annual cost of government for a family of four is $65,000.

Government would appear to be a bubble.

Given this fact I am prone to point out that the ECONOMY is a thing that is entirely owned by government. They talk about it all the time as if it is of interest to anyone else but it certainly is the prime mover for the government.

[osoab]

BOISE -- The Susan G. Komen 'Race for the Cure' is a yearly event that helps thousands of Idahoans fight breast cancer through research and donations.

Boise's 14th annual Race for the Cure will take place on Saturday, May 12th at the Albertson's Headquarters on Parkcenter Blvd.

Race organizers say In 2011, over 16,000 people signed up for the event and pledged to raise money. Their combined efforts brought-in a total of $210,000 to help women in dozens of Idaho communities. In addition to that, participants raised thousands for national breast cancer research.

::) notice all the thousands of friendly happy WHITE PEOPLE in these Idaho photos?

Are you trying to point out that Idaho is full of easily duped white folks that go running for a "cure"?

[Book]

Are you trying to point out...



http://i-cdn.apartmenttherapy.com/uimages/boston/052511neighborpetpeeves.jpg

Tell us more about how much your home is "worth" in California.

::)

[osoab]

http://i-cdn.apartmenttherapy.com/uimages/boston/052511neighborpetpeeves.jpg

Tell us more about how much your home is "worth" in California.

::)

I don't live in Cali.

[Book]

Re: California median home price...$647,000.





I don't live in Cali.



:) try to stay on topic

[solid]

I don't live in Cali.

Plus, that picture/movie is about Detroit. He's holding a gun, that doesn't happen here unless it's a bad guy or a cop.;D

[Book]

THIS (https://www.google.com/search?tbm=isch&hl=en&source=hp&biw=1280&bih=574&q=barrio&gbv=2&oq=barrio&aq=f&aqi=g10&aql=&gs_l=img.3..0l10.1641.3063.0.3607.6.6.0.0.0.0.123. 686.0j6.6.0...0.0.05YQLpAQCO8#hl=en&gbv=2&tbm=isch&sa=1&q=los+angeles+graffiti&oq=los+angeles+graffiti&aq=f&aqi=&aql=&gs_l=img.12...0.0.8.19.0.0.0.0.0.0.0.0..0.0...0.0. acKrUcnJgXo&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=6969c37b581b3e53&biw=1280&bih=574) must really improve the median home price in California.

:D

[solid]

must really improve the median home price in California.

:D

I suppose a lot about living in Cali is what you choose to focus on.

I rang in this last new year drinking wine on the beach with a cute blonde gal. Eating fresh artichoke bread, still warm, with cheese, and watching the sun set on a secluded beach.

2812

[Sparky]

California does have a lot of magnificent natural endowments to offer, which is why housing is so expense. It's unfortunate that it has become a bankrupt culturally-disjointed dysfunctional welfare state.

[osoab]

Re: California median home price...$647,000.




:) try to stay on topic

You first bucko. You are the one that brought up Idaho.

[zap]

Ya it really sucks to live here. :o

[JohnQPublic]

California is just a predictor of inflation. When hyper-inflation starts up, those housing prices will be normal everywhere in the US. This is how it worked in the USSR, why not in the USSA? :D

[JohnQPublic]

Ya it really sucks to live here. :o

Can you get that ranch for anywhere near $647k?

[mamboni]

That median price is a paper joke, like the price of silver. The bansk are sitting on massive shadow inventory of foreclosed and empty houses. Millions of Californians are in technical mortgage default as the banks play extand and pretend. And home sales are down to multiyear levels despite the lowest interest rates since the 1950s. In other words, RE is dead and buried in California.

California is probably the most beautiful state in the union. It is G-d's country. It has it all. So what ruined California, a literal land of milk and honey:

1. Socialist liberal do-gooders with their utopian delusions leading to massive unfunded government welfare.
2. Punitive taxation which has driven out the productive hard working folk who made California the great palce that is was.
3. Massive influx of illegal wetbacks and sundry other parasitic fuckers, like flies to a turd in the sun.

Get rid of these scumbags and California will have a renaissance to what it was pronto. Otherwise, watch this once almost perfect paradise turning to shit. What a damn waste!