[quote author="Nude" date=1258789414][quote author="traceimage" date=1258786437]I feel like for a million dollars you should get a nice stately-looking house, 5+ bedrooms, and 4,000 sq ft. Plus a bunch of land around the house, too.
It feels unfair that we have to pay crazy prices to live around here, but it's really not. Whatever someone is willing to pay, I guess that is a fair price, even if that means there's an unreasonable premium placed on Irvine and all of SoCal.
If it weren't for family around here, I'd be outta here in a heartbeat.</blockquote>
Ever hear of the telephone, road trips, and holiday travel?
Climate, jobs, family are the only reasons homes got outrageously priced in the first place. Now, you have entire generations of people who can't deal with winter snow and ice, or heat and humidity, all cramming into the same little corridor between Santa Barbara and San Diego, stuck living with Mom and Dad until they graduate college, trying to live as close to work as possible, and wondering why prices are so high. Meanwhile a million dollars will get you acres of land with two or three houses in states commonly referred to as "flyover country".
Here... <a href="http://www.redfin.com/WA/Carnation/29425-NE-52nd-St-98014/home/21668747">go live in a forest 45 minutes from SeaTac International Airport, or 35 minutes from where the the local MLB, MLS, and NFL teams play.</a> Be warned, it might rain a bit.</blockquote>
Heck, $1.4 million will get you the same sized house (or larger) in Riverside. You'll probably "only" get about two acres, though. I see five houses in Riverside between $1.25 and $1.5 million (not counting short sales). Lot sizes are .82, .99, 1.99, 2.03, and 2.07 acres. The three houses with about two acres are between four and five thousand square feet; the two on smaller lots are over six thousand.
This one posted on Housing Kaboom takes the cake, though:
<a href="http://www.redfin.com/CA/Wildomar/20575-Stage-Rd-92595/home/12436662">20575 Stage Road, Wildomar</a>
For Sale (MLS-listed)
<strong>$451,250</strong>
20575 STAGE Rd
Wildomar, CA 92595
Beds: 5
Baths: 3
Sq. Ft.: 3,580
$/Sq. Ft.: $126
Lot Size: <strong>21.17 Acres</strong>
Property Type: Residential, Single Family
Style: One Level
View: City Lights, Hills, Mountain, Valley
Year Built: 1980
Community: Wildomar (Cut Off/Clinton Keith Rd)
County: Riverside
MLS#: T09122529
Source: MRMLS
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 2 days