If you have live practically anywhere else in the country, you know that finding a house, with a front yard, with a back yard, maybe even with a garage, for $200,000 is ENTIRELY doable.
Then you move to Southern California where Real Estate is now just about as high as it was before the housing crisis nine years ago. Sure mortgage rates are low but that doesn’t help you with the down payment that would get you into a more expensive home.
http://www.foxla.com/news/local-news/136036127-story
source
