Unless your income is 400,000 dollars a year or more most people cannot afford to buy homes in California

This is especially true of any home within 5 miles of the beach anywhere in California but especially true from San Diego to San Francisco and even north of there.

One of my son in laws from San Diego who bought his home for he and his wife and children in 2017 were able to do this then with an income of around 100,000 dollars a year between his wife and he. But, now, he says you need 400,000 dollars a year income to buy a decent house along the coast anywhere pretty much in California or you won't get the loan you need to buy a good house.

So, this means mostly that people cannot afford to buy a house until they are around 50 to 60 years of age or more because most people aren't making that kind of money until then in their lives and only then if they own their own businesses pretty much.

So, this is a really horrific time in California if you are making under 400,000 dollars a year (you and your spouse) because you likely cannot own a home unless you inherit it from a relative.

We had a very sad conversation this year with my wife's best friends daughter and their husband who desperately want to own their own home and enough land for one or more horses. Right now they are renting. Both have very good jobs and work hard but their incomes together are less than 150,000 dollars a year. They tried to interest us in helping them but their ideas were a bad investment for us so we couldn't help them.

I was trying to tell them investments really have nothing to do with income at all and unless you understand this more you don't really understand what is happening regarding investments now nationwide.

I think a lack of understanding what investments really are and just living in the workaday world will break the hearts of many now like it always did in the past.

Sad but True!