I just watched an episode of House Hunters. Single mom bought a house in Oakland, California with a 800,000 budget. Ended up in a biding war going over 9. One house under 8, the agent stated "will go for higher." The buyer even stated her family states she is crazy as she can buy 10 houses in the South East for that money. I know these areas can pay a lot but not everyone makes this kind of money. I don't know how people do it. And how these places got so expensive. Washington State used to be cheap. I watched another House Hunters episode, buyers spent over 800,000. I wonder if these younger people will still want these places when they are older? Wonder what the housing prices will be in 20-30 years? It's a mess.