So there is a California housing decline story out there that is being used to say the Nation better watch out for a coming decline as well. I'm not saying that things might, one day go downward because usually, things do come in cycles. One thing mentioned in the story is the following:
The median price paid for all Southern California homes sold in June was a record $536,250, according to CoreLogic, a 7.3 percent increase compared with June 2017
At that price and with the ever-expanding illegal population as well as the ever-increasing differential in income levels in the state the middle class is if not has already disappeared. I don't think applying many California statistics to the rest of the Nation is very credible these days. In fact, with the cost of homes, in California, I'm not surprised at all in drops in sales. Frankly, I don't know how most of the people living there can afford it as it is. Maybe pay is far better there than other places? Maybe people already had their homes and prices just increased afterward? I can sure understand why folks there want the minimum wage to be $15.00 an hour. The minimum wage needs to be $15 or more to be able to live there.