Housing prices vary, essentially as a normal distribution of income multiplied by x3 to x5.
Where I live, $250,000+ gets you a palace, and you can get a charming if simple home for $100,000 - and it's not like we bubbled up, alpha libertarian Gary Johnson imposed tough borrowing laws in NM, so our "crash" was only about 25%, compared to 50-100% in most large American cities.
This is for $300,000 - a loft condo in the heart of downtown. Beautiful views, large, modern design and ammenities:
People are difficult to govern because they have too much knowledge.
When there are more laws, there are more criminals.
- Lao Tzu