Interesting article about people who do leave California where they are moving to (Los Angeles: mortgage, house)

[Finper]

Originally Posted by payutenyodagimas

when we bought our house, we were the first to give an offer, right when it was advertised for sale. once we visited it, our realtor said, if you are serious about it, give an offer now. we asked him if the asking price is just right and he said based on comps its just right. so we just offered what they were asking, showed our financial capacity to close the deal and that's it. we got it.


even our friends did not go into bidding war. one friend even got a discount. and certainly we didn't offer more than what the sellers are asking. we just showed that we could close it immediately if we got the deal.

What city do you live in? buying in say Westwood is different then buying in Fontana.....

[payutenyodagimas]

Originally Posted by Finper

What city do you live in? buying in say Westwood is different then buying in Fontana.....

Lake Forest

[expatCA]

Originally Posted by payutenyodagimas

Lake Forest

If you follow some of the sales in OC near the coast, which i did as i was considering moving back to CA, you would see many homes going for the listing price or a bit under it. Yes home prices have gone up and some bidding wars existed but not on all homes even in really nice areas.

[1AngryTaxPayer]

Renting uhaul trailer one way to Texas $800, one way Texas to CA $200.

[payutenyodagimas]

Originally Posted by expatCA

If you follow some of the sales in OC near the coast, which i did as i was considering moving back to CA, you would see many homes going for the listing price or a bit under it. Yes home prices have gone up and some bidding wars existed but not on all homes even in really nice areas.

I'm guessing the poster who couldn't buy a house in CA is not looking at the coastal areas

[expatCA]

Originally Posted by payutenyodagimas

I'm guessing the poster who couldn't buy a house in CA is not looking at the coastal areas

True, but the coastal area is more popular so selling at list or a bit below is counter to the idea they are all in bidding wars. Inland it should be more common, but maybe not. I did not look there.

[sdlife619]

Even if tens of thousands of people left every month in CA, it wouldn’t make much of a difference in on the roadways, nor the housing market and crowdedness.

Millions of Californians would need to leave in order for all of us to actually see a difference.

The biggest issue of Californians leaving and moving to another state is wherever they move too, they make that state and city more expensive to live in, especially for it’s natives.

I’m still trying to move out of CA by this summer but it looks like it’s going to be probably late this year or early next year.

[JGC97]

Originally Posted by sdlife619

Even if tens of thousands of people left every month in CA, it wouldn’t make much of a difference in on the roadways, nor the housing market and crowdedness.

Millions of Californians would need to leave in order for all of us to actually see a difference.

The biggest issue of Californians leaving and moving to another state is wherever they move too, they make that state and city more expensive to live in, especially for it’s natives.

I’m still trying to move out of CA by this summer but it looks like it’s going to be probably late this year or early next year.

Californians don't do that. Look closer. Who benefits the most from the sale of a home, any home anywhere, if it sells for more money? And I'm not referring to the homeowner that's selling. Aside from that ..

Be sure of your decision to move permanently. Make sure you truly like where you'll be moving to. Rent before buying and don't sell before moving permanently. You may not be able to return and even if you do, it will end up costing you more. You'll pay more for a house, your property taxes will be higher, too. It can be costly so just make sure you are absolutely sure about it before making the leap.

[aslowdodge]

Originally Posted by HereOnMars

Californians don't do that. Look closer. Who benefits the most from the sale of a home, any home anywhere, if it sells for more money? And I'm not referring to the homeowner that's selling. Aside from that ..

Be sure of your decision to move permanently. Make sure you truly like where you'll be moving to. Rent before buying and don't sell before moving permanently. You may not be able to return and even if you do, it will end up costing you more. You'll pay more for a house, your property taxes will be higher, too. It can be costly so just make sure you are absolutely sure about it before making the leap.

This is good moving advice for anyone, but esp people who own a home in a high cost of living area and aren't crippled by payments.
Unless you really know an area, renting is just a smart way to go. I rented and wound up living in a totally different part of Atlanta than what I had thought even though I had made a few week long scouting trips and drove all around and even went out with realtors. In the end I bought a house on the opposite side and a house and neighborhood totally different than what I had originally planned.

[aslowdodge]

Originally Posted by aslowdodge

This is good moving advice for anyone, but esp people who own a home in a high cost of living area and aren't crippled by payments.
Unless you really know an area, renting is just a smart way to go. I rented and wound up living in a totally different part of Atlanta than what I had thought even though I had made a few week long scouting trips and drove all around and even went out with realtors. In the end I bought a house on the opposite side and a house and neighborhood totally different than what I had originally planned.

Quoting myself to add that in the time I rented I really got to know the area. Something that is really important is traffic. If you move to an area and aren't sure of your needs or will be looking for a job, traffic could be huge. If you buy a house you may find where you want to be is a long commute. Atlanta has bad traffic issues and many people will plan on working in one area and living in another not realizing that what looks like a 20 minute drive might be an hour and a half during commute hours. Then they are stick with that house.