Its the same problem in britain, my boyfriend and I are looking for our first house and its shocking how house prices have shot up.
http://www.vebra.com/home/includes/v...20&pid=9026805
That house is it not a particularly brilliant area and has only got 2 beds, its selling for £74,000, the equivalent to about $143,000 (?correct me if I'm wrong)
Its quite depressing, feels like us first time buyers will never get our foot on the property ladder.