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.
Yes. At 200K, we are really in the market with an entry level condo. But to keep the comparisons apples-to-apples, we’re sticking to single family homes in this report. Each night we double our wager, up to $1.6 million. But tonight, we start at the bottom.
Watch all the reports by price point:
Copyright 2016 FOX 11 Los Angeles: Download our mobile app for breaking news alerts or to watch FOX 11 News | Follow us on Facebook, Twitter, Instagram, and YouTube. Be a citizen journalist for FOX 11 and get paid – download the Fresco News App today.