California's Only Affordable County

In remote Modoc County, the median home price just passed $100,000 -- and this only six-and-a-half hours from San Francisco.
February 14, 2006, 6am PST | David Gest
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"Modoc is California's only county where the median price of a home has stayed so low for so long. It is the least expensive nook in one of America's priciest states, a place where home buyers live out the pluses -- and many of the minuses -- of that elusive concept, 'affordability.'"

"In Los Angeles County, $100,000 will just about cover the traditional 20 percent down payment for a median-priced house--certainly not the whole building, yard and garage. In Orange County, it's about 80 percent of a down payment, and in Marin County, the most expensive housing market in the state, it's less than two-thirds of what's needed."

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Published on Sunday, February 5, 2006 in The Los Angeles Times
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