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The price is fine, if the plan is for it to be Carifornia someday.
I mean if it's a good thing that California is being bought up Chinese investors. Then don't worry about it, you're on track.
http://ochousingnews.com/blog/socal-housing-overvalued-merely-expensive-usual/
Whether one considers SoCal markets overvalued or fairly valued depends on how fair value is measured.
Source: http://ochousingnews.com/blog/socal-housing-overvalued-merely-expensive-usual/#ixzz3FYcpWdlR
#housing