That’s just a starter home in your area. In other parts of the US, a starter home is a nice house, just smaller square feet. Years back, my first home was a brand new 1400 SF Cape Cod on one acre for $89K. Keep in mind that people in California are basically out of their minds (lost touch with reality). At least, that’s how it appears to the rest of us watching from afar. I just hope the people that screwed up your area never come our way.