[Balgair]

To add to this: Prop 13.

The CA housing market is just totally distorted by Prop 13. It is by design meant to screw new home buyers. And has been doing this for 46 years, with absolutely no end in sight.

I guess my point is that CA folks shouldn't generalize the issues with the housing market to the rest of the US/world just because they have a dogshit law on their books.