California had 77 of the country's 100 most expensive ZIP Codes for home sales last year

[Zorro]

A year-end report from real estate database PropertyShark has confirmed what every Angeleno already knows: California is a really expensive place to live.

The analysis, which surveyed the priciest ZIP Codes in the country based on median home sales prices, found that California holds 77 of the 100 most expensive spots, including five in the top 10.

New York came in with the second most ZIP Codes at 19. No other state had more than two.

Topping the list of most expensive ZIP Codes was 94027 in Atherton, Calif., a Silicon Valley city full of tech executives, which had a median sale price of $4.95 million, according to the data.

http://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-propertyshark-zip-codes-20180117-story.html

[BigmanPigman]

1. San Diego is unaffordable for two people with full time jobs.

Rents are ridiculous too. Location, location, location. An apt the same as mine was just rented for $1,750 a month (550 sq feet). I am not even at a beach but I am 10 min from downtown.

[Sophia4]

2. It's insane.

And I live in California. My family back East thinks I'm bragging when I tell them how much my house is worth. (small and can't even fit the refrigerator or a dishwasher in the kitchen) Truth is, I'm just horrified.

[Cicada]

3. We should change laws to have more affordable homes

We could require zoning boards to be regional rather local, requiring approval of more residences.

Each small town wants to restrict housing supply to keep prices high, good for current owners. But bad for society as a whole. In a larger region there are areas which reasonably could be zoned for more multiple family developments. State law could require zoning to increase the number of permitted residences by x% per year, say a minimum of two percent each year.

I wish the government owned all land and leased it. Land owners did not create the land yet get paid fortunes for it. Why? Why not have the profit benefit us all? A maximum lease term of 100 years would provide enough incentive for building.

High housing costs crush our standard of living. Why not fix it? My solution may suck but surely there can be some reasonable solution.

[Brother Buzz]

4. Private universities know all those zip codes

My brother's got one of those zip code (94028) and my niece was heavily recruited by private universities; envelopes arrived in droves, fishing for easy bucks.