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Updated over 2 years ago on . Most recent reply

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Dan H.
#2 General Real Estate Investing Contributor
  • Investor
  • Poway, CA
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Average San Diego home price is $1M

Dan H.
#2 General Real Estate Investing Contributor
  • Investor
  • Poway, CA
Posted

Greater association of realtors states average San Diego home price is $1M.  This is an astonishing number when the median family income is $85K.  

San Diego home prices have seemed high for at least 40 years, but $1M average price just makes the "sunshine tax" very apparent.

I recognize it is not cheap to live in an area that has the climate of San Diego, but society needs service people.  Everyone needs a place to live.  It is a difficult issue.  

  • Dan H.
  • Most Popular Reply

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    Jim K.#3 Investor Mindset Contributor
    • Handyman
    • Pittsburgh, PA
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    Jim K.#3 Investor Mindset Contributor
    • Handyman
    • Pittsburgh, PA
    Replied

    I live in a duplex I paid $45K cash for in 2017. I rent out the top floor for $930 and live downstairs.

    "If you're not yet wealthy but want to be someday, never purchase a home that requires a mortgage that is more than twice your household's total annual realized income." Thomas Stanley, The Millionaire Next Door.

    It works. You just have to give zero f**** about what broke people think.

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