Ironically the high California real estate prices are partly due to low (property) taxes from Prop 13. Much like low mortgage rates, they make real estate more

Ironically the high California real estate prices are partly due to low (property) taxes from Prop 13. Much like low mortgage rates, they make real estate more attractive as an investment and help inflate prices. Texas has much higher property taxes but much more affordable housing. Which runs counter to most people's ideas of red states always having lower taxes than blue states.