zerohedge.com / by Tyler Durden / Jul 29, 2017 3:29 PM
Submitted by Jeff Paul
The US government likes to pretend that the rising cost of living is under control. People in Southern California know better. According to a new report in the Los Angeles Times, median house prices in Southern California have doubled in the last five years.
LA Times reports:
In many corners of Southern California, home prices have hit record highs. And they keep going up.
In Los Angeles County, the median price in June jumped 7.4% from a year earlier to $569,000, surpassing the previous record set in May. In Orange County, the median was up 6.1% from 2016 and tied a record reached the previous month at $695,000.
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