From the White House to the halls of Congress, U.S. government officials have responded to the death of Nelson Mandela with a hail of testimonials to the late South African presidentâs leadership in the struggle for freedom and human rights.
Measuring just one square mile, it is one of the wealthiest towns in the area--don't bother looking for a house under $1 million. Little surprise, then, that Belvedere is home to the most expensive residence on the market in California--and one of the priciest in the country. Locksley Hall, a 10,000-square-foot house that sits at the tip of Belvedere Island, can be yours for $65 million.
This trend has continued. Today, an average California home costs $440,000, about twoâandâaâhalf times the average national home price ($180,000). Also, Californiaâs average monthly rent is about $1,240, 50 percent higher than the rest of the country ($840 per month). Building Less Housing Than People Demand Drives High Housing Costs.