https://rvbuyersguideorder.com/?utm_source=exacttarget&utm_medium=email&utm_campaign=MHC20557_01052019

Rental space alone for RVs is going to cost you at least $600 a month if you're lucky.

....depending on neighborhood of course, beach property being much more.

In our housing market in WNY; that’s a $110,000 home.

One CA bill requires zoning permit up to 65 feet within a mile of rapid transit, without onerous parking space requirements. That would be fantastic. It would drop prices. But it also would super charge the economy. If superworkers could afford to live near the many CA super firms and super research centers the conomy would shoot to the moon. Pass it!

In our neck of the woods that would be $125,000 or less. IMO, you ought to consider moving if you want a house.

we sold our SoCal house for 314,900 in 2016...We bought it in 1982 for 83,100... It was 1989 sq ft..totally redone @ great expense to us....The town we lived in had very low prop values compared to the ones in the OP..

The house we bought in Washington state cost us 284,500 and is 3224 up and 3224 down (6448 total sq ft), on a 1/3 (in-town) acre lot

BUT

we are in a small town in a lower cost area of WA.. 65 miles north, and we could not afford 1/4th the size..

but picking out two listings in Silicon Valley is not representative.

which has some areas of extremely expensive real estate, but if you sink $2 million into a home in Greenwich, Darien or New Canaan, it will likely come updated, on a larger lot at least and with a full basement.

...rent rooms in a house. If I wanted to move to the Bay area, my pay would probably jump up considerably....but I would be living at a quality less than the where I'm at in the LA area.

Is there a solution? Sure, companies shrink their headquarters. Offshore some of the workforce...what can't be offshored, put offices out in the mid-west for the less technical jobs. And if you need certain expertise close to the main office, allow them to work remotely and only show up in the office when needed.

Our company just switched to soft phones...that is, a headset connected to your lap top. My current boss is old fashioned, and likes all his employee's to show up everyday. I negotiated that I can work from home at least once a week...and he hates it. But despite the company giving everyone laptops, soft phones, no assigned desks on some floors, etc. He doesn't get it...but enough of my rant. Back to the issue...

It's also the unspoken reason for the high speed rail. There is a lot of land between Palmdale and Bakersfield..and then to Fresno. A lot of farms will be bought out and developed. But given we know climate change means water reliance is less predictable...and the farms here grow crops that require a lot of water...so much so, it pails in comparison to housing developments...being able to spread people out further with similar commute times if they lived closer, makes a lot of sense.

Saw a sign on highway 99 that said "build dams, not trains"....there aren't many more water sources you can dam in California (thanks Floyd Dominy...you !@#$), it would probably more prudent to recycle water and sea water for use...and in many places they do. But I suspect we will see a gradual decrease of farms. Companies with service sectors employ more than farms...thus more tax revenue.

I've never understood why we have rent controls, but didn't link it with home price control.

Controls on housing prices is desperately needed.

Investment performance isn't justification to make people homeless.

But I agree. The people benefiting from greed rarely want to see money flow cutoff.

Great place to visit and as much as my husband would love to live there, I think even he realizes it's no go. We have a friend who bought a really big nice house on one acre for $400,000 but it's in the Sierras, takes a half an hour on winding roads to even get to a small grocery store. I know someone who lives in Monterey in a small one bedroom apt and is 60 years old. She'll never be able to afford a house. She said fixer uppers are around $600,000. Plus traffic is crazy and really rude drivers. But we're going to San Diego in May for a little vacation after a Michigan winter. Our house here in Michigan on a really, really big lot with a a big inground pool and a big house that is worth a good $200,000 would be a $1,200,000 easy in CA. Plus we have money to travel.I really like CA but there's just no way to live there, especially as retirees.

is "cheap". I'd love to move to Oregon, but if I sold my small halfplex in Sacramento, I wouldn't be able to afford a comparable place there. I bought it 23 years ago, so the mortgage is affordable in retirement, even with one refi. A similar rental in my area is twice what I pay for my mortgage. Also, as I age (I'm 63), health issues have popped up, so it's imperative that I live close to a hospital. There are plenty here, but where I want to live in OR, there probably wouldn't be many. So...I'll probably end up just aging in place right where I am, and it's also wheelchair-accessible, if it comes to that. My sons can sell it when I die.

for over twice what we paid for our house. At the time our house was just over $200k. Relatives and friends told I was stupid because I said it is the wrong way for house values to go and going there way too fast.
We've survived a couple of bubbles and crashes.

Refinanced our mortgage over the years and can still afford to live in that house.

Two years ago the first million dollar house sold up the street. These days prices are between 800-1.5 in our neighborhood. rents are just as rediculous. Looking into retiring we'll be better off staying put due to the low mortgage payments.

So sitting here in ground zero for insane CA prices I'd say we're doomed, doomed I say.