How serious is the housing crisis in California?

I said it before, but California is very similar to the whole United States in many ways, except that everything has become 1 1.

According to what you said about California (the same as the general situation in the United States), house prices may vary greatly.

You have an overcrowded area and a wide open space. In crowded areas, land (and the housing that comes with it) is much more expensive. In some places, land is actually free.

Part of you is doing well financially, while the other part is being forgotten. The local economy has a great influence on housing prices. In areas with hot economy, house prices are much more expensive.

In places with good economic conditions, the higher housing prices are partly due to competition with other people who make money. When you can buy a house in San Jose, and then turn around and sell it at a profit of $200,000 a few years later, just because you own it, even if your job doesn't require you to live there, it makes buying a house there more attractive. Speculation has always been an important factor in California real estate prices.

The weather in some areas of California is much better than that in other areas, which plays a huge role in housing demand. The weather in California is quite good, but some places are more like deserts than perfect Mediterranean. A good compromise for me is the Central Valley. The weather in the San Joaquin Valley is fine, but in a year 10%, it may be a little cold in winter and a little hot in summer (although it is not like Minnesota or Arizona). So the house price is quite high, but it may be 20-30% lower than that in Southern California.

Now that I'm homeless, I might as well go to the place with the best weather, because I don't have to pay the house fee anyway. This is one of the reasons why there are many homeless people in cities with high housing prices. First, they price a certain percentage of people who come from places where they can afford to live, but sometimes it's because the weather in these cities is better (which is important if you live outside).

Besides, safer places are more expensive than places with high crime rates. For example, I live in Rorty, and according to the median list price of Zillow, it is $238 per square foot. If you drive south for about 10 minutes and look at stockton, according to Zillow's data, the median bid is $0/93 per square foot/kloc. This is mainly because the degree of crime is different.

The closer to the seaside, the more expensive it is. People want that beach atmosphere, but there are so many houses you can build, with scenery and unlimited demand.

So on the whole, it's a little expensive, but in California, as in other places, you get what you pay for. If you are willing to live in only one house in California, you can afford it. If you can only live in the best, safest and most beautiful weather, on the beach, you'd better have some serious coins.