Often in California if you live in a nice neighborhood and have a view of the ocean your home often is worth 5 million dollars or more

 This is true in areas from San Diego to Eureka by the way. The reason for this is there is just so much coastline with views of the ocean so if you live in a nice area and have a view of the ocean often your home is worth 5 million dollars or more. IN other words there is a limited amount of California coastline available for sale or developing because of the California coastal Commission and other legal reasons so if you have a home you own with a nice view in a safe area it is usually worth over 5 million dollars and this value likely will go up through inflation too over the years even if interest rates for mortgages go up too here in California.