What is you home worth?

And what would it be worth if it were located in California? In San Diego, the median price of a home is $593,000. Most of us here in Wisconsin envision a luxurious mansion at $593,000. Not so in California. This last winter, I had the pleasure of taking a ride with a client in his home town in Southern California. He pointed at a dilapidated box of house which couldn't have been more than 900 square feet, and he asked me how much I thought the house was going for. I guessed $200,000, thinking that I had covered the California price inflation. Not quite. He said that a house like that beat down, tiny place was worth between $350,000 and $400,000. The moral of this story? Be thankful housing is affordable in Wisconsin.