$1.2 Million Homes in California

These homes will likely sell way above asking price. The house in the Bay Area I bought in May went for almost $500,000 over asking. These prices are not set at a realistic level.

There's something tasteless about this, given the wildfires and Trump's threats about federal funding. Just looking at these homes and their prices makes me squeamish.

These houses for sale from owners that have moved to Texas?

Is it just my compute, or has the Times obscured the captions on this slide show with ads so big the captions are totally hidden? If toggling back and forth three times to read the caption is going to be the new normal, I'm out.

This story highlights the effect of Proposition 13, the California property tax limiting law that passed several decades ago. It limits property tax increases to roughly 1.3% per year, with exceptions. A California resident who owns a $1.2 million home in California, bought several decades ago, pays substantially less in property taxes. For example, the homeowner who owns a $1.2 million home bought for around $120K in the early 80's will pay around $3000/year in taxes. He/she should be next door to these properties.

The interior design on the home in Lafayette is lovely; a perky juxtaposition to the monochrome grey palette of the L.A. loft.

Horrible situation in the whole Bay Area; people cannot afford the high prices. Even in Santa Rosa, house prices are 500k and up for even the most modest house. The fires have added to the problem. $400 a square foot, double prices ion 2010. I bought a duplex 2/1, 2/1 for $350,000, just appraised for $750,000 near Santa Rosa.

My condo was $84000 back in ‘02. $76 a square foot. Property taxes are one tenth of these properties.