November 18, 2004

Do you know the way out of San Jose?

A fourth of all Californians are thinking about moving — either out of state or just to another town — to bring down their housing costs, a new survey shows.

I grew up in San Jose, California. In the mid 70's my parents sold their house and we moved into a brand new and very nice double-wide mobile home. In the mid 80's my folks sold that place for nearly three times what they paid for it new. Mobile-freakin'-homes appreciate in California!

only 19 percent of the state's households can afford the state's median-priced home of $465,000. That's a 5 percent drop from a year ago. Nationally, the median-priced home — where half cost more and half cost less — was $186,600 in September.

I love California, but I've never wanted to go back. The insane cost of housing there has always been a major factor in that.

Posted by Ted at November 18, 2004 02:01 PM
Category: Square Pegs
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