Real Estate Bubble

[deathtotaxes]

len: I found his house, got out my magnifying lens and it was right under my thumb. It is a nice house which is way over priced like all California real estate. I hope he gets his money.

However you need to understand that when you buy one of those houses you are also buying into the lifestyle and a piece of the location. San Diego & San Francisco are two great places to live. I can easily understand the premium, although 819K for 1500 square feet is beyond what I consider a fair premium for San Diego. I love watching the planes land at the Airport in San Diego, my stomach churned a bit when it was my plane that was doing the landing however.

Where you live is a bargain compared to San Diego, however when you factor in the different lifestyle ... I would pay the San Diego premium without a second thought. I chose Portland because the premium is not anywhere near California prices, although it appears to be heading that way.