Post New Article

California's median home price hits record
high at $900,000, realtors association says

Original Article

Posted By: OhioNick, 5/22/2024 11:16:34 PM

The average price to buy a home in California has reached a new historic high with the median price for a dwelling in the state hitting $900,000, the California Association of Realtors said in a recent report. The new record of $904,210 was recorded amid a spike in home sales for April. [SNIP] California Association of Realtors President Melanie Barker said the rebound "in both home sales and price shows the resilience of California’s housing market and is a signal that buyers and sellers are beginning to adjust to the higher interest rate environment."

Post Reply

Reminder: “WE ARE A SALON AND NOT A SALOON”

Your thoughts, comments, and ideas are always welcome here. But we ask you to please be mindful and respectful. Threatening or crude language doesn't persuade anybody and makes the conversation less enjoyable for fellow L.Dotters.


Reply 1 - Posted by: Catherine 5/22/2024 11:21:43 PM (No. 1723114)
Guess Newsom needs to raise the minimum wage to $1000/hr.
13 people like this.

Reply 2 - Posted by: FL_Absentee_Voter 5/23/2024 1:02:55 AM (No. 1723130)
Headline says, "median"; first sentence says, "average" and "median". Which is it? Regardless, 20% down would mean total mortgage payments of probably $7K a month for the next 30 years - and that's assuming you can get homeowner's insurance (not a sure thing in fire-prone CA).
9 people like this.

Reply 3 - Posted by: Strike3 5/23/2024 2:00:34 AM (No. 1723140)
I believe that it is speculators and not new home owners that are buying the homes and driving up the prices because fleeing residents will run you over with their U-Haul if you attempt to enter the state. Just more lies from a failed and broke communist government.
14 people like this.

Reply 4 - Posted by: Rumblehog 5/23/2024 3:23:29 AM (No. 1723159)
Who will be able to afford such prices? New trucks are upwards of $100k and then there the CA taxes and insurance costs. If a Real Estate implosion starts on the Left Coast we're going into a deep recession.
8 people like this.

Reply 5 - Posted by: DiegoDude 5/23/2024 6:09:07 AM (No. 1723197)
Grew up in San Diego, left in 1974 when I joined the military. Almost went back in 1995, but didn't. In retrospect, best decision I ever made.
11 people like this.

Reply 6 - Posted by: planetgeo 5/23/2024 8:24:34 AM (No. 1723277)
Oh, and don't forget the property tax on that humble median home...about $14,000 - $16,000 a year, depending on the city/county/special districts where you live. Yes. Democrat Paradise.
7 people like this.

Reply 7 - Posted by: chumley 5/23/2024 8:34:22 AM (No. 1723282)
900,000? I paid 115 for my better than average house on two acres here in WV 16 years ago. They say it is worth a lot more now but I dont see why. For 900,000 I could own an estate with a moat and staff. I dont care how many bikini hotties California has, no house without its own airport is worth that.
7 people like this.

Reply 8 - Posted by: Californian 5/23/2024 8:46:35 AM (No. 1723287)
7, I recently fled California. Don't worry about missing out on the bikini hotties. You'll mostly find green hair fat mannish lesbians in the north and plastic surgery coke heads in the south. None of it is real.
8 people like this.

Reply 9 - Posted by: red1066 5/23/2024 9:30:39 AM (No. 1723305)
Our son was asked by his employer to think about taking a job in California. It would have been a promotion for him, and he was seriously thinking about taking it. My wife and I talked him out of it not just because he would be three thousand miles away, but because of the enormous cost. Even with the large increase in salary he would receive, we explained to him that he would not be better off financially and might actually end up with less money than what he was making now with cost of living, taxes, and everything else. Similar positions were available in other parts of the country where the cost of living isn't outrageous.
6 people like this.

Reply 10 - Posted by: LC Chihuahua 5/23/2024 9:48:55 AM (No. 1723315)
More evidence the dollar has been de-valued. Invest in Tiny Homes! They are only 500k in the People's Republic of California.
3 people like this.

Reply 11 - Posted by: granny5 5/23/2024 9:55:36 AM (No. 1723323)
A friend of a friend in Southern California just listed their 848 sq. ft. home for sale for $760,000.00 Who can afford to pay over $5,000 a month for a home that's smaller than most apartments? Where my daughter lives, a home just under 1,300 sq. ft. will cost you around $950,000.00.
4 people like this.

Reply 12 - Posted by: Safari Man 5/23/2024 9:55:42 AM (No. 1723324)
Bubble, bubble toil and Trouble (trouble with a capital T).
2 people like this.

Reply 13 - Posted by: DVC 5/23/2024 11:50:12 AM (No. 1723406)
Right, #2. Many people are blissfully ignorant that "median" and "mean" are two entirely different things, and use the terms interchangeably in their total ignorance of statistics. The median is the point in a data distribution where half the samples are higher than the median and half the samples are lower than the median. In a distribution which has a symmetrical form, like the often used Bell Curve, which is actually called a "normal distribution", the median and the mean coincide. But, LOTS of groups of data samples are NOT symmetrical. My bet is that the price of all the homes in California are very much not a symmetrical distribution. It seems likely that there are many more homes on the lower end of the scale. This would give a distribution which has a high bulge on the left and then tapers down a long slow ramp to the highest priced homes. So in this case, the median would be well to the left of the mean. Example: If we have 12 numbers, 1, 2, 3, 3, 2, 4, 2, 3, 7, 9. The sum of these numbers is
0 people like this.

Reply 14 - Posted by: DVC 5/23/2024 12:07:23 PM (No. 1723418)
darn it....hit submit in error. OK, the sum of the numbers is 36, so to get the mean we divide by 10, getting a mean of 3.6. In this case, the median value is 3, only a little different from the mean. In this example it should be clear by inspection that there are a more low numbers than high numbers. If there was only a single change in the 'data', making the 7 into a 32, the mean would increase to 6.1, brought up a lot by one very high value. Yet the median would still be 3. Now, the mean is far above the median. A few unusually high values will skew an average a lot, but not so much a median. Whether you want to use "mean" or "median" should be based on actually understanding what the definitions are, and most people don't know the difference and think they are the same.
4 people like this.

Reply 15 - Posted by: MickTurn 5/23/2024 12:56:12 PM (No. 1723461)
IF you Californication lovers were smart, you'd SELL and GTFO...Get the Frick OUT!
3 people like this.

Reply 16 - Posted by: Geoman 5/23/2024 1:15:15 PM (No. 1723476)
Re: #13, #14 - As an old LEO Operations Research guy, I applaud your primer. Looking at your example, I thought you were going to introduce the "mode" but I guess that can be saved for another time, perhaps along with the "Standard Deviation." Back in the early '80s, I would have appreciated you being my multivariate analysis professor, to ease understanding of IVs, DV, Little r and Big R.
2 people like this.

Reply 17 - Posted by: Jesuslover54 5/23/2024 1:34:30 PM (No. 1723493)
Chicoms still exhibiting wealth flight by buying California real estate.
2 people like this.

Reply 18 - Posted by: TXknitter 5/23/2024 3:04:15 PM (No. 1723519)
Thanks #13. I did not understand the difference between the two words. Your clear explanation very much appreciated.
1 person likes this.

Reply 19 - Posted by: snowoutlaw 5/23/2024 3:15:55 PM (No. 1723522)
#3 I own/live in one of the average CA homes in San Diego area, not a day goes by that I don't get a letter from a speculator wanted to pay cash, sight unseen. Property taxes are under 2K/year thanks to Prop 13.
1 person likes this.

Below, you will find ...
Most Recent Articles posted by "OhioNick"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by OhioNick"
Biden seeks to name Kenya a major non-NATO
US ally
6 replies
Posted by OhioNick 5/23/2024 11:04:09 PM Post Reply
President Joe Biden welcomed Kenya’s President William Ruto to the White House Thursday for a state visit, marking 60 years of relations between countries. The state visit is the first time in more than 15 years that an administration has held such a visit for the leader of an African nation. During the visit, President Biden announced his intent to designate Kenya as a major non-NATO U.S. ally, calling it "a fulfillment of years of collaboration.”
All the Aid From Biden’s Gaza Pier was
Seized by Hamas: That was $300 million
in taxpayer money well spent
26 replies
Posted by OhioNick 5/23/2024 3:51:04 AM Post Reply
If you’re keeping track, Biden announced that America was going to spend two months building a floating pier to deliver aid to Gaza at a cost of $300 million that would be operated by the U.S. military. Then the pier came under attack by terrorists, was withdrawn to the Israeli port of Ashdod for repairs while the Biden administration conducted backchannel talks with Hamas urging it not to attack the pier, then redeployed for aid deliveries and it’s been a smashing success. For Hamas.
California's median home price hits record
high at $900,000, realtors association says
19 replies
Posted by OhioNick 5/22/2024 11:16:34 PM Post Reply
The average price to buy a home in California has reached a new historic high with the median price for a dwelling in the state hitting $900,000, the California Association of Realtors said in a recent report. The new record of $904,210 was recorded amid a spike in home sales for April. [SNIP] California Association of Realtors President Melanie Barker said the rebound "in both home sales and price shows the resilience of California’s housing market and is a signal that buyers and sellers are beginning to adjust to the higher interest rate environment."
Average age of vehicles operating in the
US hits record high of 12.6 years
26 replies
Posted by OhioNick 5/22/2024 11:14:03 PM Post Reply
Our eyes are often drawn to those snazzy new cars driving next to us on the highway, but take a wider look around and you'll likely find a sea of much older vehicles taking up the bulk of the road. And these days, that majority is getting even older. [SNIP] For just cars, the average age is now 14 years, compared to around 11.5 years 10 years ago, according to the automotive data company.
Proposed Ohio bill would charge teachers,
librarians with felonies for ‘pandering obscenity’
8 replies
Posted by OhioNick 5/22/2024 1:33:08 PM Post Reply
A Republican-led bill just introduced in the Ohio House would charge teachers and librarians with a felony offense for distributing material deemed “obscene.” The problem is, the bill does not explain what materials would be considered obscene, despite laying a fifth-degree felony on the feet of teachers and “public school librarians” who may possess or share such material. State Rep. Adam Mathews, R-Lebanon, put forth House Bill 556 last week, a bill that would “create criminal liability for certain teachers and librarians for the offense of pandering obscenity,” according to the language of the bill.
Biden administration sues Oklahoma over
new law allowing arrest of illegal migrants
8 replies
Posted by OhioNick 5/21/2024 9:38:46 PM Post Reply
The Biden administration filed a lawsuit against Oklahoma on Tuesday challenging a new law that allows local authorities to arrest migrants who are in the state illegally. Republican Gov. Kevin Stitt signed local House Bill 4156 into law in April, which makes it a crime to enter Oklahoma without legal authorization to be in the US. The Justice Department, which has sued Texas and Iowa over similar measures, argued that the legislation is unconstitutional.
MIT is sued over women of color scheme
that BANS white students from applying
while discriminating 'on the basis of
race, color and sex'
5 replies
Posted by OhioNick 5/21/2024 7:08:32 PM Post Reply
A conservative group claims a student program for female students of color at the Massachusetts Institute of Technology is discrimination. The Legal Insurrection Foundation made a complaint to the Education Department's Office for Civil Rights claiming it violated the civil rights of other students. Creative Regal Women of Knowledge provides professional development and mentoring to sophomore students and older. MIT's website explains the program is 'designed for undergraduate women of color which includes Black, Indigenous, Hispanic/Latinx, Asian, Pacific Islanders, and other minoritized ethnicities'.
Tennessee will become the first state
to provide families with baby diapers
25 replies
Posted by OhioNick 5/21/2024 12:50:05 PM Post Reply
Many families are struggling with rising monthly expenses. For families with children in diapers, extra costs are really hard to manage. According to the National Diaper Bank Network, 92% of families receiving diapers in Tennessee are working and still are unable to afford an adequate supply of diapers. Fortunately, a new benefit for families with TennCare could be coming at the perfect time. It was just announced that the state's Medicaid program will start covering 100 diapers a month for newborns, infants and 1-year-olds. "They're expensive, so this is going to be a huge, huge break," said Doug Adair, president of Nashville Diaper Connection.
Microsoft Unveils Creepy AI-Powered Windows
that Tracks Everything You Do
24 replies
Posted by OhioNick 5/21/2024 12:48:07 PM Post Reply
Microsoft has announced a new line of AI-enhanced Windows PCs, aiming to revolutionize the way users interact with their devices by integrating the Copilot AI assistant into the Windows operating system. The creepy system will take constant screenshots of your activity to track your every move. Fortune reports that at an event held at the company’s headquarters in Redmond, Washington, Microsoft CEO Satya Nadella introduced the new class of AI-imbued personal computers, emphasizing their potential to anticipate users’ needs and intentions. “We’re entering this new era where computers not only understand us, but can actually anticipate what we want and our intent,” Nadella stated.
Senate Investigation: BMW, Jaguar, Volkswagen
Imported Cars and Parts to U.S. Made with
Chinese Slave Labor
9 replies
Posted by OhioNick 5/21/2024 2:12:58 AM Post Reply
An investigation from the Senate Finance Committee revealed that a few European-based automakers imported either cars or auto parts made using Chinese slave labor to the United States. The investigation, published Monday, was led by Chairman Ron Wyden (D-OR) who accused automakers of “sticking their heads in the sand and then swearing they can’t find any forced labor in their supply chains.” In January of this year, the investigation discovered that a shipment of Volkswagen vehicles made for the U.S. market included auto parts deriving from a Chinese supplier presumptively using slave labor and thus banned by the federal government under the Uyghur Forced Labor Prevention Act (UFLPA).
Elvis Presley's historic house Graceland
set to be sold off at a foreclosure auction
this week - as his granddaughter Riley
Keough challenges 'fraudulent' sale
10 replies
Posted by OhioNick 5/20/2024 8:18:09 PM Post Reply
Graceland, the former home and burial site of the legendary Elvis Presley, is set to be sold off at a foreclosure auction this Thursday. According to a legal notice published this month, Graceland and surrounding land on Elvis Presley Boulevard will be auctioned off for cash to the highest bidder at Shelby County Courthouse on May 23, as per WREG-TV News. Elvis' granddaughter, actress Riley Keough, 34, who is the current owner of Graceland, is challenging the sale with a lawsuit, claiming it is 'fraudulent.' A temporary restraining order on the sale was issued on Monday, as per Keough's attorney, and an injunction hearing is set for Wednesday.
Electric car disaster as EU ports fill
up with 100,000s of Chinese models no
one wants
22 replies
Posted by OhioNick 5/20/2024 8:09:06 PM Post Reply
Major EU ports are almost full to capacity with Chinese electric vehicles (EVs) that no one wants to buy. A slump in sales across Europe has caused parking lots at the Belgian ports of Antwerp and Zeebrugge to fill up with the Chinese imports. The parking lots are each able to accommodate about 130,000 vehicles and are crammed full of MGs, BYDs, Nios, XPengs, Lynk & Cos, Omodas and Hongqis, among others. Chinese EV companies have aggressively targeted European markets as they look to take advantage of the EU's green agenda.
Most Active Articles (last 48 hours)
All the Aid From Biden’s Gaza Pier was
Seized by Hamas: That was $300 million
in taxpayer money well spent
26 replies
Posted by OhioNick 5/23/2024 3:51:04 AM Post Reply
If you’re keeping track, Biden announced that America was going to spend two months building a floating pier to deliver aid to Gaza at a cost of $300 million that would be operated by the U.S. military. Then the pier came under attack by terrorists, was withdrawn to the Israeli port of Ashdod for repairs while the Biden administration conducted backchannel talks with Hamas urging it not to attack the pier, then redeployed for aid deliveries and it’s been a smashing success. For Hamas.
MSNBC’s Wallace on Nikki Haley Endorsing
Trump: ‘We Need Shrinks and Cult Experts
to Explain This’
25 replies
Posted by Imright 5/23/2024 8:48:44 AM Post Reply
MSNBC host Nicolle Wallace said Wednesday on her show “Deadline” that “shrinks and cult experts” needed to explain former South Carolina Governor Nikki Haley (R) endorsing former President Donald Trump. Partial transcript as follows: NBC REPORTER VAUGHN HILLYARD: Nikki Haley, in 2015, said, ‘Donald Trump is everything I taught my children not to do in kindergarten. I told my little ones, you don’t lie and make things up.’ She ended up serving in his administration. WALLACE: Who are these people?! HILLYARD: On, January 6, she called it “an ugly day.” She then went and said – a couple months later
Alito’s House Reportedly Flew ‘Appeal
To Heaven’ Flag Used By Jan. 6 Rioters—Adding
To Upside-Down Flag Controversy
24 replies
Posted by Dreadnought 5/23/2024 12:53:21 AM Post Reply
TOPLINE Supreme Court Justice Samuel Alito flew an “Appeal To Heaven” flag at his New Jersey vacation home last year, a Revolutionary War-era symbol also flown by religious conservatives and some rioters on Jan. 6, according to The New York Times, the latest controversy for Alito, who recently faced criticism after the Times reported an upside-down American flag flew outside his house after the 2020 election. KEY FACTS The flag was flown at Alito’s Long Beach Island home in July and Sept. 2023, the Times reported, citing a Google street view photo, three photographs and accounts from a half-dozen neighbors and passers-by.
Pope Francis Lauds Gavin Newsom for Moratorium
on Death Penalty
20 replies
Posted by Beardo 5/23/2024 3:35:40 PM Post Reply
Pope Francis congratulated California governor Gavin Newsom for his refusal to carry out the death penalty and for California’s leadership in fighting climate change, the governor’s office reported. (snip) “The intentional killing of another person is wrong and as Governor, I will not oversee the execution of any individual,” said Governor Newsom. (snip) Following the Dobbs v. Jackson Women’s Health Organization Supreme Court ruling overturning Roe v. Wade, Governor Newsom launched a crusade to defend the right to abortion, which the Catholic Church considers to be murder.
Pentagon Tacitly Admits Biden’s Gaza
Pier Stunt Is A Total Failure
20 replies
Posted by earlybird 5/23/2024 10:48:12 AM Post Reply
It didn’t take long for the Pentagon to all but confirm that the temporary Gaza port constructed at the behest of President Biden is turning out to be a total disaster. (snip) during a Tuesday press conference, in which Gen. Patrick S. Ryder, the Pentagon’s spokesman, told reporters that none of the 569 metric tons of food and supplies delivered into Hamas-controlled Gaza via the port have been distributed to Gaza residents by nongovernmental organizations. Constructed by the U.S. military, the $320 million floating port was announced earlier this year during Biden’s State of the Union address, a move designed to cater to the pro-Hamas wing of the Democrat Party base.
AOC Admits Lawfare Is An ‘Ankle Bracelet’
Keeping Trump From Campaign Trail
19 replies
Posted by earlybird 5/23/2024 10:40:14 AM Post Reply
Democrat New York Rep. Alexandria Ocasio-Cortez gloated Tuesday that the Manhattan lawfare case against former President Donald Trump is achieving its goal of keeping him from campaigning. Speaking to reporters outside Capitol Hill about Trump’s upcoming rally in the South Bronx, Ocasio-Cortez pointed out the former president is holding a rally in the deep-blue Empire State because he has a “legal version of ankle bracelet around him” and can’t easily campaign in battleground states. “By the way, he’s doing [the rally] in the South Bronx not to make a point but because he’s got court
Hundreds of Harvard Students, Faculty
Walk Out of Commencement Ceremony to Protest Israel
16 replies
Posted by Dreadnought 5/23/2024 2:21:18 PM Post Reply
Hundreds of Harvard University students and faculty walked out of the school’s commencement ceremony on Thursday, wearing keffiyehs and waving Palestinian flags and anti-Israel banners, videos and reports from the Cambridge campus show. The Harvard Out of Occupied Palestine (HOOP) coalition, which organized the university’s anti-Israel encampment, posted a video of students marching out of the area in which commencement was held on its Instagram page. The video shows students chanting “hey hey, ho ho, the occupation has got to go” and is accompanied by a caption that reads, “over a THOUSAND of Harvard students and faculty have walked out of graduation.”
New Footage of the Scottie Scheffler Incident
Tells a Different Story Than the Police Report
14 replies
Posted by DW626 5/23/2024 4:29:01 PM Post Reply
Last Friday morning, top-ranked golfer Scottie Scheffler arrived at the Valhalla Golf Club in Louisville, Ky., for the second round of the PGA Championship. Traffic was stopped due to an accident that had taken place earlier that morning, and Scheffler tried to drive around it. The original reports were that an officer tried to stop Scheffler’s car, and the golfer dragged the officer, causing injury. Police arrested Scheffler and hit him with four charges, including a felony. Det. Bryan Gillis, who said he tried to stop Scheffler and later arrested him, did not turn his body camera on during the incident, but he later wrote a report
Biden's daughter Ashley has finally admitted
her diary about 'showers with dad' as
well as fears she was 'molested' is real.
So, Maureen Callahan demands: What IS
the truth, Joe?
13 replies
Posted by Imright 5/23/2024 8:01:53 PM Post Reply
Now we know for certain: the diary, like the laptop, is real — and its contents are alarming. So why isn't the media all over this? In 2019, Ashley Biden, the then 37-year-old daughter of President Biden and his wife Jill, wrote in her journal about showering with her father at an inappropriate age as well as her fears that, as a child, she was sexually abused. Explosive stuff. Not that you would have heard about it, thanks to a near-complete, years-long media blackout. After undergoing treatment in rehab, Ashley moved to a halfway house in Florida, where she left the diary under a mattress.
Poll: Would Kamala Harris Be Stronger
Than Biden Against Trump?
12 replies
Posted by ladydawgfan 5/23/2024 7:15:46 PM Post Reply
Bloomberg's pollster is out with a new batch of its regularly-released swing state data -- and it's (mostly) more of the same. We'll get to my question about Kamala Harris below, but first, here's what the fresh polling shows: Donald Trump leads narrowly-to-modestly over Joe Biden in five of the seven battlegrounds surveyed. Trump and Biden are tied in Nevada -- a good result for Biden, compared with both the recent New York Times poll showing him down double digits there, and the state average. Biden leads only in Michigan, and only by one point. As usual, the 'big three' midwestern states are extremely close,
Leftist media goes into full spin mode
to inform ‘confused’ Americans they’re
‘doing quite well’ economically
11 replies
Posted by ladydawgfan 5/23/2024 10:19:47 PM Post Reply
MSNBC host Stephanie Ruhle is telling Americans not to believe their lying eyes, that President Biden’s economy is fantastic and they are better off economically than they mistakenly believe. The condescension and gaslighting have kicked into full gear as the presidential election nears. Despite Americans struggling to put food on the table, a roof over their heads, and clothes on their children’s backs, Ruhle is telling them they are basically dimwitted and don’t appreciate how good they have it. “We need an economic explainer,” Ruhle told the president and CEO of the Federal Reserve Bank of Chicago, Austan Goolsbee. “People are confused, they’re exhausted, but they’re also doing quite well.”
Newly Released Emails Reveal that John
Kerry and Obama Admin. Blocked FBI from
Arresting Dangerous Iranians Including
Terrorists at Least 8 Times
11 replies
Posted by DW626 5/23/2024 2:44:58 PM Post Reply
In March 2018, Barack Obama’s former Secretary of State, John Kerry was caught secretly meeting with Iranian officials to salvage Iran’s nuclear weapons program. Kerry was working against the Trump administration to salvage Obama’s Iranian nuclear deal that funded terrorism across the Middle East. Obama’s former Secretary of State was seen dining with several Iranian regime officials. The above photo was taken as Kerry left the restaurant in Paris. Around this time, President Trump withdrew from the sham Iranian nuclear deal. President Trump knew the deal with the Iranian mullahs was not working.
Post New Article