• Flying Squid@lemmy.world
    link
    fedilink
    arrow-up
    11
    ·
    6 months ago

    And we couldn’t afford a home when we moved out of L.A. back to Indiana over 10 years ago. It was one of the reasons we moved back.

  • Cosmonauticus@lemmy.world
    link
    fedilink
    arrow-up
    6
    ·
    6 months ago

    The plus side is once insurance companies leave California due to all the wildfires from climate change housing prices will drop as fast as their smoldering condos.

    • Ghostalmedia@lemmy.world
      link
      fedilink
      English
      arrow-up
      11
      ·
      6 months ago

      Nah, the US government will pander to the real estate industry and subsidize insurance, just like they have done in the south east for flood insurance.

      California is the nation’s biggest economy and the nation’s biggest real estate market. If that were to get disrupted, people are going to freak out like they did in 2008.

  • venusaur@lemmy.world
    link
    fedilink
    arrow-up
    6
    ·
    6 months ago

    That’s pretty low. Based on prices in my neighborhood I assumed median was easily over $1M.