[Coldwater Creek]

California home prices have been way out of control. Time for a correction.

A home that we paid 15,000 for in 1966 is now going for over half a million. Even with inflation this is absurd.

[goldstategop]

That will give you plenty of shopping options back east even if you can't buy squat in California.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus

[JoeGar]

California home prices have been way out of control.

The last time I was in San Diego (2003), I read that just the building permits for a 3-bedroom, 2-bath home costs $87,000 -- and that's before paying for the land and the house!

[painter]

A home that we paid 15,000 for in 1966 is now going for over half a million. Even with inflation this is absurd.

Do you still have it?

[RobRoy]

>>California home prices have been way out of control. Time for a correction.<<

Which will hit the rest of the nation. One of the things driving prices in other areas is people in CA selling, taking their profit and buying elsewhere, increasing demand - and prices - in those areas. If that flood of buyers ceases, it will cascade to one degree or another.