Give Homes as Gifts

Seriously, the median home price in Sacramento County is now $165,000. That's back to 2001 levels, as it should be. Home prices at the peak and even a couple years prior started to outpace our incomes. Then to make up for that discrepancy in income, lenders started giving loans to anyone with a pulse, which is how we got in the mess we are in.

But now, our county's affordability is near 60% from a low of around 16%. Let's buy some homes and give them away as gifts. Of course, being a Realtor with a stated income, I don't qualify, but I bet a lot of you do.