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TOPIC: WTF
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In California the cost of regulations make it incredibly expensive to build a new house. Just the cap and trade and global warming regs in California now add huge amounts of money to a new house being built.

When its to expensive and to much red tape to build the price of existing housing goes through the roof.

Las Vegas NV
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Alternative math?

Little Egg Harbor NJ
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"The point is not that houses cost more in different markets it's how does someone who seems to have no more than 40 to 60K in income buy a house that's costs 500K to a Mil or more. "

THANK YOU!

Windermere FL
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The point is not that houses cost more in different markets it's how does someone who seems to have no more than 40 to 60K in income buy a house that's costs 500K to a Mil or more.

Our income was around 170K when we brought this house for 220 and we were like, holy crap we're spending how much!!!!!

Lubbock TX
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Most of the difference is land price. When a lot of people want to live somewhere land gets scarce. Most of the rest is market expectation (ie do they expect granite counter tops or laminate).

Wenatchee WA
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My mom sold her house in Silicon Valley last year. It was a 1962 2,000 sq ft 4b2.5b for 1,070,000. i sold my house 150 miles north of Silicon Valley for 425,000. It was a 2002 1800sqft 3b2b.

live 150 miles away from silicon valley and housing prices drop by half.

Where i am living now in Vegas the house that i am renting is a 1998 2100sqft 4b3b that sells for 200k. In a guarded gated community that is nice.

Las Vegas NV
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Point is that it's relative to where you are at. Some areas will give you less for more and vice versa.

Little Egg Harbor NJ
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Yeah but they ain't buying a shack.

Windermere FL
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If you live in an area like Silicon Valley $1.3M gets you a shack and those people usually make pretty good buck.

Little Egg Harbor NJ
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I always find those shows bizarre. We make a pretty good buck, but we see people who look like they are 30, with rather standard jobs, and millions of dollars more than we do from - somewhere - to blow on a house. How does this happen?

Windermere FL
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TOPIC: WTF
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