50+ Why Is Real Estate So Expensive In California Pics. All the reasons why california real estate prices are sky high. But there are areas even in california that people do not desire and those areas are much less expensive.
There are currently 83,044 homes for sale in california. Limited land plus tons of demand means high land prices. Populations almost never decrease, which is why the need for housing increases year over year.
In the past five years, san francisco real estate has increased in price ten fold.
A family of four needs to earn $148,440 a year, nearly triple what the median us worker earns in one year. While we left off the working ranches, empty parcels and properties that are also a primary place of business, there is no shortage of amazing amenities on this list. Real estate is so expensive in australia for the same reasons real estate has become very expensive in other areas of the world: Inside the class and culture battle that's tearing san francisco apart.