A home in California averages $1M. You need to put down a 20% downpayment to mortgage a home here in the current market. 70% of Americans have less than $1000 in savings or no savings at all.
That sounds like a serious California problem. I also showed earlier you can find <40k houses in California within 2 hours of major cities. 1 I found less than 45 minutes from the capital
Houses that hover between $500K-$600K are homes that are an hour or more away from major cities.... these are people that waste 2+ hours everyday commuting to work. Back in 2008, some or most of the houses in the city were the same price. Now they've doubled and just continue to go up.
That sounds like the California housing market and economy in general is about to implode.
Ill still find a house within 2 hours of any Cali city that is under 40k though. Name a major metropolitan city. Ill post links