Which, until I visited London, I thought had to be the most inflated home prices on the planet. For example, my daughter and her husband are first time home buyers in California and recently closed on a house close to a busy General Aviation airport. Their house is a little over 800 square feet and cost over $420,000 (> 315,000£).
That same house would have gone for about $35,000 (26,000£) in 1980, so even after the financial/real estate crisis, there's still way too much bloat in the housing prices in Southern California imo. Still, flat prices in London near Stamford Bridge are truly awe inspiring (I saw a flat for sale while I was there for 800,000£). And home prices were less, but still incredible where we stayed away from London (Wallingford, Dorchester-on-Thames, Streatly, etc.).
That same house would have gone for about $35,000 (26,000£) in 1980, so even after the financial/real estate crisis, there's still way too much bloat in the housing prices in Southern California imo. Still, flat prices in London near Stamford Bridge are truly awe inspiring (I saw a flat for sale while I was there for 800,000£). And home prices were less, but still incredible where we stayed away from London (Wallingford, Dorchester-on-Thames, Streatly, etc.).