Newsflash: Help me figure the california realestate market out!

I believe we are at or near the peak of the california realestate market.Most families with dual incomes are barely able to afford the average home price. I’m seeing mediocre homes that need work going for the low 600’s. We have seen a lot of foreign money and investments in the last few years. They need to make a return on their investment at some point and they cant do that if people cant afford the homes that are currently on the market.Are we reaching a peak? Am I wrong in thinking this?



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