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Hey Lars,
I am in LA and Homes are going for around 500k to 750 k and this is for nothing too special. Plus with those rates food, gas and everything else is more expensive then other cities A similar home in say portland is 200k to 250k. and so everything there is a little cheaper. What I can't figure out is this? Do people who live in LA really make on average 3 x more then those in Portland or other cities? When you make more you pay more taxes. So really you have to make almost 4x more then an average person in another city. What people have to take a look at is wages and income can everybody make 6K net to pay a $3500 to $4500 mortgage? I mean that is ridiculous to think that everybody is making $120,000 to 300k a year? Something is gonna give real quickly.
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