Inequality is widening, even in real estate

http://money.cnn.com/2016/08/31/real_estate/real-estate-inequality/index.html?iid=Lead

This is crazy how fast big city pricing has skyrocketed....it makes it very difficult for the Millennial generation that likes to be in these urban areas purchase.

In 1986, the average home price in the nation's most expensive markets was $127,058. That's 144% higher than the average home price of $52,022 in the least expensive real estate markets.

Fast forward to 2016, and the average home price in the costliest markets is $493,504 -- nearly 320% higher than the current $117,827 home price average in the lowest priced markets.

The more expensive markets tend to have higher incomes, which can push up home prices since buyers are able to afford more and compete against each other.

Here are the areas that have seen the biggest return on home values since 1986:
1. San Francisco
2. San Jose, California
3. Honolulu, Hawaii
4. Seattle
5. Portland, Oregon
6. Oakland, California
7. Orange County, California
8. Los Angeles
9. San Diego 

10. Miami