Is the cost of California real estate overvalued?  California is a great place to live.  You have the beaches, the desert, the mountains, Disneyland, Hollywood, Yosemite, and many other famous attractions.  There are parts of California with highly desirable weather and parts with breathtaking beauty (Yosemite, Mariposa Groves, coastline, and Giant Sequoias).  But is the cost of living in California overvalued?  I know there are many parts of California that I would never be able to afford a home- even with a double income from two well paying jobs.   I often ask myself- should we move to another state where real estate and the cost of living are less expensive?  Is it worth the money to buy and live in California?  I don’t know.  What do you think?