Top Metro Areas by Million Dollar Homes, May 2016 (cost, Los Angeles, Boston)

[18Montclair]

There is something immoral about police officers and teachers not being able to afford a decent house in an entire metro area. Nimbyism is strangling the soul out of the Bay Area. smdh.

Top Metro Areas by Percentage
of Million-Dollar Homes, May 2016
San Francisco, CA 57.4%
San Jose, CA 46.3%
Oakland, CA 19.7%
Los Angeles, CA 16.3%
Orange County, CA 16.1%
Honolulu, HI 15.4%
Fairfield County, CT 14.6%
New York, NY 12.0%
San Diego, CA 10.7%
Long Island, NY 10.3%
Ventura County, CA 9.0%
Boston, MA 7.3%
Cambridge-Newton-Framingham, MA 7.2%
Seattle, WA 7.0%
Silver Spring-Frederick-Rockville, MD 6.6%
Miami, FL 6.3%
West Palm Beach, FL 4.8%
Charleston, SC 4.4%
Washington, DC-VA-MD 4.4%
Newark, NJ 4.0%
North Port -Sarasota-Bradenton, FL 3.7%
Cape Coral-Ft Myers, FL 3.1%
Austin, TX 3.0%

Million Dollar Creep: Where Seven Figure Homes are the New Normal - Trulia's Blog

[rnc2mbfl]

That's freaking frightening!

[Craziaskowboi]

Originally Posted by 18Montclair

There is something immoral about police officers and teachers not being able to afford a decent house in an entire metro area. Nimbyism is strangling the soul out of the Bay Area. smdh.

Populism is trendy now, isn't it?

[Cowboys fan in Houston]

Thanks for reminding me why I left California.

[dapper23]

Originally Posted by 18Montclair

There is something immoral about police officers and teachers not being able to afford a decent house in an entire metro area. Nimbyism is strangling the soul out of the Bay Area. smdh.

Top Metro Areas by Percentage
of Million-Dollar Homes, May 2016
San Francisco, CA 57.4%
San Jose, CA 46.3%
Oakland, CA 19.7%
Los Angeles, CA 16.3%
Orange County, CA 16.1%
Honolulu, HI 15.4%
Fairfield County, CT 14.6%
New York, NY 12.0%
San Diego, CA 10.7%
Long Island, NY 10.3%
Ventura County, CA 9.0%
Boston, MA 7.3%
Cambridge-Newton-Framingham, MA 7.2%
Seattle, WA 7.0%
Silver Spring-Frederick-Rockville, MD 6.6%
Miami, FL 6.3%
West Palm Beach, FL 4.8%
Charleston, SC 4.4%
Washington, DC-VA-MD 4.4%
Newark, NJ 4.0%
North Port -Sarasota-Bradenton, FL 3.7%
Cape Coral-Ft Myers, FL 3.1%
Austin, TX 3.0%

Million Dollar Creep: Where Seven Figure Homes are the New Normal - Trulia's Blog

Why do I get the feeling that you are proud of this list...

[tysmith95]

How is Cambridge/Newton considered a separate metro area when Boston sits in-between these two cities ��.

[NowInWI]

And, the homes you get for that amount of money are very small and very average. For a million dollars, I want lovely and large.

[sav858]

Originally Posted by NowInWI

And, the homes you get for that amount of money are pathetic, in some cases. For a million dollars, I want lovely and large.

You wouldn't want a 60 year old 1,200 sq foot rancher in a bland suburb with mediocre schools for a million dollars? But the weather.....

[NowInWI]

Originally Posted by sav858

You wouldn't want a 60 year old 1,200 sq foot rancher in a bland suburb with mediocre schools for a million dollars? But the weather.....

I love the weather where I am, save for two months out of the year. Thanks, but no thanks.

[kidphilly]

I wonder if there is data on average loan value by metro. Might be another interesting way to look at it. Many folks in expensive areas flip equity into homes though the entry cost can be very high from a down payment and financing amount.


The bay has always been expensive that has only increased fueled by external investment, limited supply (and physical constraints in the inner bay), and lots of dot.com money that further drove already prices higher