California home prices called ‘rational’ when climate is factored in

Everyone knows a key reason you pay up for California housing is the impressive climate.
Chapman University researchers now have some math to prove it.
Veteran economist Jim Doti and some of his students set out to see how county-by-county home values looked when traditional metrics — median selling prices and income levels from 2016 — were mathematically meshed with unorthodox ones — a U.S. Department of Agriculture “natural amenities” score and the proximity to th