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You can't get a house within two hours of Los Angeles for less than 400k. You can't get one you'd want to live in for less than 500k.
It's brutal. My wife and I flipped in an out of a house within a year because of the heat of the market. I think it's ready to crash, so we took our profit on a house we never even moved into, and are renting until the correction.
At which point I'm guessing my money will buy twice the house.
-sm
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