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Old 11-15-2007, 12:12 PM
 
8,259 posts, read 26,244,684 times
Reputation: 4385

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Quote:
Originally Posted by EscapeCalifornia View Post
What a great attitude. California will be a wonderful place when only the top 5% of income earners can afford to buy a house and the other 95% rent apartments their entire lives or live 3 families to a house.
NYC has been there for 40 years. No big surprise to me.
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Old 11-15-2007, 04:13 PM
 
152 posts, read 810,952 times
Reputation: 105
I don't understand why people feel entitled to living the "American Dream." There are a lot of things I would love to have right now, but they are just too expensive. But I'm not about to sit around and whine about it. As they say, when the going gets tough, the tough get going. And that is the mindset you need to have if you want the American Dream in California (or anywhere for that matter.)

Is real estate in California expensive? Without a doubt. Is the California dream gone? No way, not for the innovators, go-getters, and proactive people that make things happen and control their own destiny. If you are going to expect someone to hand you the cushy adulthood you always dreamed of as a child, you are in for a shock. It's not going to happen anywhere. The theory of survival of the fittest universally applicable.
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Old 11-15-2007, 08:07 PM
 
26,578 posts, read 51,975,339 times
Reputation: 20353
Default Many people choose not to own and for some it is not a question of money.

Quote:
Originally Posted by EscapeCalifornia View Post
What a great attitude. California will be a wonderful place when only the top 5% of income earners can afford to buy a house and the other 95% rent apartments their entire lives or live 3 families to a house.
This board has many posts from people that say they would have no trouble affording a home and they choose not to... For some, they say renting is much cheaper than owning, others are waiting for the market to bottom out so they can get the best deal and some others are in transition and home ownership would tie them down to much...

We've been through this many times... some people will make any sacrifice to own their own home and for others the sacrifice is too great...

May each of us find the path we are destined to travel...
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Old 11-17-2007, 06:16 PM
 
1,868 posts, read 5,219,045 times
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Quote:
Originally Posted by EscapeCalifornia View Post
You sound like affordable housing is a bad thing.
lol...Some people don't want to see affordable housing .....that would mean their value would drop.........by the way a house with the exact floorplan as my friends house is going for 100k less than what she paid for it in 2005 in San Diego.....hmmmm Housing was still affordable in 2000....don't know why people mention going back to the 70's .......it hasn't been that long.
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Old 11-17-2007, 07:31 PM
 
11,715 posts, read 35,843,770 times
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Quote:
Originally Posted by shannon94 View Post
lol...Some people don't want to see affordable housing .....that would mean their value would drop.........by the way a house with the exact floorplan as my friends house is going for 100k less than what she paid for it in 2005 in San Diego.....hmmmm Housing was still affordable in 2000....don't know why people mention going back to the 70's .......it hasn't been that long.
True. I kick myself when I think of the opportunity I missed out on by now buying a condo in OC in about 2000. At the time, I still wasn't making quite enough to comfortably afford the $200k price tag on my own. I with to hell I'd found a way to do to it because the same condos are close to $500k today. Hindsight's always 20/20. Who could have predicted prices would completely divorce themselves from reality after that?
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Old 11-18-2007, 03:43 AM
 
5 posts, read 16,570 times
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You mean California NIGHTMARE?
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Old 11-18-2007, 12:23 PM
 
26,578 posts, read 51,975,339 times
Reputation: 20353
Default Nightmare is a dream...

Quote:
Originally Posted by Vagab0nd View Post
You mean California NIGHTMARE?
A nightmare is a dream... too.

Ancient Proverb says, "Be careful what you dream for... you might just get it."
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Old 11-18-2007, 06:11 PM
 
1,831 posts, read 4,785,794 times
Reputation: 661
What ... exactly ... is the California dream anyway?

And how does it compare to the American dream or, is it the same?

If the American dream is a decent job, affordable home, a comfortable middle class lifestyle, etc.

Then what is the California dream ...

Winning the lottery?

Becoming a movie star?

Striking it rich?

Are the expectations higher for the California dream?
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Old 11-18-2007, 07:03 PM
 
110 posts, read 692,317 times
Reputation: 50
I was a renter in Santa Barbara for 3 decades until I was in a position to buy a home there which is something I never thought I'd be able to do. I consciously chose to live that way, living in a beautiful place, surrounded by my friends rather than moving to somewhere else simply so I could afford to buy.
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Old 11-18-2007, 07:29 PM
 
26,578 posts, read 51,975,339 times
Reputation: 20353
Quote:
Originally Posted by sheri257 View Post
What ... exactly ... is the California dream anyway?

And how does it compare to the American dream or, is it the same?

If the American dream is a decent job, affordable home, a comfortable middle class lifestyle, etc.

Then what is the California dream ...

Are the expectations higher for the California dream?
I know the California dream of yesteryear was a place people went for a fresh start.

A place where you succeeded or failed based on your own merit and it did not matter what part of town you grew up in or your family background.

California used to be called the land of opportunity and for many it still is.
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