Can you Afford it Now?

This story from the LA Times caught my attention: Can you afford it now? The article looks at several price points in the Los Angeles housing market and what you can find for sale in that range. You can tell we're in completely different territory than a year or two ago, the prices start at under $100k! The thought that you can buy something in the greater LA area for under that is rather shocking, the median price of a home last year was close to $500k. But my dreams of affording a nice neighborhood still seem just that, dreams. The offerings for the $500,000 to $1 million range are not very impressive, regular houses in regular towns.