Southern California Median Home Price Doubles In Five Years

Jon Government

Submitted by Jeff Paul

The US government likes to pretend that the rising cost of living is under control. People in Southern California know better. According to a new report in the Los Angeles Times, median house prices in Southern California have doubled in the last five years.
LA Times reports:
In many corners of Southern California, home prices have hit record highs. And they keep going up. In Los Angeles County, the median price in June jumped 7.4% from a year earlier to $569,000, surpassing the previous record set in May. In Orange County, the median was up 6.1% from 2016 and tied a record reached the previous month at $695,000.

This post was published at Zero Hedge on Jul 29, 2017.