California is still beating the national average for growth.
At least housing prices are still falling in California. They've been rising in Washington DC, the only major market to do so. I heard a report that in the past 3 months, there has been a 5% appreciation in my metro area. 5% of $400,000 is $20,000. That's more than I make in 3 months. That means, if I'm saving for a house, 3 months' of my work is just gone. This isn't like inflation where "wah wah my fixed income and savings isn't keeping up with 3% inflation, so I lost 2%". It isn't like taxes "wah wah why do I have to pay a third of my money to the gov't". No. This is all of it. I didn't net a single cent for that three months of work. The money is just out the window. I worked for nothing.
Houses are still crazy expensive here.
