Originally Posted by RJSAviator76

If the graph depicting cost of housing and income is not parallel for the area, something is out of whack and has to give.

Basically, if median income for the region cannot buy you a traditional family home over a traditional 15 or 30 year mortgage and without the shady adjustable rate, negative amortization mortgage scams, something is seriously wrong. In my opinion, the prices in SoCal are still insane because everyone is still drunk or hung over from the housing bubble, and some more of that "good sh*t."

Or is it that employers aren't paying enough?

I can tell you this... 150k in SoCal is far above the median income, and if it can't get you into a single family house in a decent neighborhood because of the housing price insanity, you may be better off renting anyway.