No longer wishing our peoperties will be increasing in value daily.

California is a market that will define it self in value.

The value alway is what one will pay for something .

Forget the jokes and focus on what is real !

I mean, the studio apts across the street from me have 400 sq ft.

These “homes of genius” are about the worst quality of housing you can get and live within four walls and a roof. You’d be better off in a tent.

Are the lots they’re built on zoned for high-density multi-family, by any chance? I can’t think of any other reason to pay more than $25K for these structure, because these are the bottom-dog neighborhoods of L.A. $45K a year, the stated “median” probably makes you rich.

Where are the POOR people living, after they get put out of the houses they paid $750K for with their $14K a year incomes?

Something has to give, everywhere. It’s not quite so ridiculous in Chicago but it’s still ridiculous. Pretty soon you’re gonna have to be Ivanka Trump to afford a one-bed rehab in a “gentrifying” neighborhood.

http://www.idxcentral.com/sltbor/idxsearch.cfm?idxid=rmorris&pg=profile&mls=110533%20&cs=any

Even in Compton SFH are unlikely to have sold in 2003 for under 120K.