Housing Prices Near Bottom according to MotleyFool

[kev374]

Yes, but those hard costs (and the weather tax) have always been higher than Texas which is why houses have always cost more in CA than in TX.

However, if the cost of construction has skyrocketed in the last 5 years and the author is saying that it is the reason homes are so expensive in CA, then by that same logic homes in Texas should have increased by that same ratio.

[patientlywaiting]

Kev374, I don’t remember exactly when but I believe that before WW2, house prices in California were about the same as Illinois.

[patientlywaiting]

Kev374, I don’t remember exactly when but I believe that before WW2, house prices in California were about the same as Illinois.

[patientlywaiting]

Kev374, I don’t remember exactly when but I believe that before WW2, house prices in California were about the same as Illinois.

[patientlywaiting]

Kev374, I don’t remember exactly when but I believe that before WW2, house prices in California were about the same as Illinois.

[patientlywaiting]

Kev374, I don’t remember exactly when but I believe that before WW2, house prices in California were about the same as Illinois.

[bearnanke]

Laurence got him. That or the ghost of David.

[bearnanke]

Laurence got him. That or the ghost of David.

[bearnanke]

Laurence got him. That or the ghost of David.

[bearnanke]

Laurence got him. That or the ghost of David.

[bearnanke]

Laurence got him. That or the ghost of David.

[DWCAP]

Patientlywaiting,

It wasnt that long ago. My parents bought houses in Santa Barbara CA for about 70k in the early 70’s. The median in Indiana at that time was about 76k from what I can find. Now those same houses appraise out at 1.2-1.4 mil, while the same houses in Indiana appraise out at what mid 200k? Sure am glad my parents bought out here.

[DWCAP]

Patientlywaiting,

It wasnt that long ago. My parents bought houses in Santa Barbara CA for about 70k in the early 70’s. The median in Indiana at that time was about 76k from what I can find. Now those same houses appraise out at 1.2-1.4 mil, while the same houses in Indiana appraise out at what mid 200k? Sure am glad my parents bought out here.

[DWCAP]

Patientlywaiting,

It wasnt that long ago. My parents bought houses in Santa Barbara CA for about 70k in the early 70’s. The median in Indiana at that time was about 76k from what I can find. Now those same houses appraise out at 1.2-1.4 mil, while the same houses in Indiana appraise out at what mid 200k? Sure am glad my parents bought out here.

[DWCAP]

Patientlywaiting,

It wasnt that long ago. My parents bought houses in Santa Barbara CA for about 70k in the early 70’s. The median in Indiana at that time was about 76k from what I can find. Now those same houses appraise out at 1.2-1.4 mil, while the same houses in Indiana appraise out at what mid 200k? Sure am glad my parents bought out here.

[Author]

Posts