Those numbers look nowhere near accurate. A home in LA that rents under 3K is likely a 2br condo at most. The owned home considerably more than that. The buyer of a 1.5M home is unlikely a first time buyer and more likely rolling gains over from another home and putting considerably more than 20% down. For many of us we do not view our homes as investments but rather a store of value and assets accumulated over time. I know I never expected to do anything more than payoff my home and have a safe, secure place to ride out my days then pass on to my kids.
