Not even a once in a century global pandemic seems to be able to slow down the rise in California's robust residential real estate market. The median price for a home hit $712,000 and shows little sign of slowing down. Low interest rates and limited supply of new homes seems to be fueling the price rise. At the same time over 650,000 Californians left the state in 2019 because of unaffordable housing and a heavy tax burden. Yet San Francisco for example, struggles to keep city streets clean and safe while its' budget doubled in the last five years.
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