California housing up 35% since 2010.

35% in 3 years in California? I would have expected more.

Cali is a sand state, and one that went through the typical pattern over the last several years. It rent like this:

1. Apeshit crazy Calitrash bubble market for submorons causes people to pay any price, no matter how ridiculous, and take on massive payments, fit houses that had not one repair done they were built in 1960.
2. Said bubble buyer is so overstretch he can't replace a lightbulb, let alone renovate.
3. Foreclosure wave: the only properties that sell are these disasters, as REO and short sale.
4. ix n flippers add equity, and sell to

4. Calitrash fix n flippers put lots of money into the properties, and sell to (delusional) private equity funds. These are the ONLY houses selling. For 35% bump, reflecting the renovations.

5. Shitty houses without renovations, like Dumbass's: up or down 2%. Shitty houses with 35-40% added in renovations: up 35%.
High-end fancier houses: up or down 2%.

> My house in California has increased in value by about 35%

Reminds me of the zillow survey in which something like 90% of americans thought their neighbor's house went down, but not theirs.

My garbage patch collection just went up a million percent.

dumboy, you don't own a house in cali. maybe a good friend told you about it?

"California Home Prices Up Most in 33 Years, Realtors Say...

...The median price for an existing single-family home jumped to $417,350 in May, up 32 percent from a year earlier, the Los Angeles-based association said in a statement. It was the 15th consecutive annual increase and the largest since at least 1980, when the group started tracking the data..."

http://www.bloomberg.com/news/2013-06-17/california-home-prices-up-most-in-33-years-realtors-say.html