Orange County is still the most inflated location in the United States. Houses in Orange country are at the highest prices for southern California. But having a hefty price tag does not mean that you get the luxuries amenities and features with that large price. It’s all a consequence of the real estate market crash.
Sadly, as of 2010 the housing market in Orange County is one of the top most inflated areas in the United States. Multi-million dollar houses have seen multi-million dollar price decreases and there seems to be no end thus far. Nearly 186,000 people spend over 35% of their income on housing. So this means that about 41% of the homeowners in this country spend over 35% of their income on housing. This is an extremely high percentage compared to other parts of the U.S and in reality, the Census reports and surveys only go up to 35% so people are actually spending even more of their income on housing cost. Mortgages are actually consuming up to 60% of families’ take-home pay in Orange County, California.