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Old 01-09-2021, 07:57 PM
 
124 posts, read 110,450 times
Reputation: 156

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Quote:
Originally Posted by evening sun View Post
But I hear property taxes In Texas are higher than here in CA.
I mean, you can buy a 3 bedroom home in like Garland, Texas for like $200,000. The same home in the Bay Area would be around 1 million. If you can buy a home for $200,000, does property tax really matter ?

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Old 01-09-2021, 08:07 PM
 
148 posts, read 137,095 times
Reputation: 149
Quote:
Originally Posted by Lola The yorkie View Post
Difference is we can afford this beauty,
Thing is, many people who bought 40 years ago, may not be able to do it today.
In the late 1970s, early 1980s, maybe a one salary family, maybe an engineer at Autonetics or McDonald Douglas buys a 2000 square foot home (despite the 15%+ interest rates).
Today, an engineer probably couldn't pull it off unless he married another engineer.
The demand for OC went up when the demand for LA went down (starting in the 1970s).
A lot of people in OC used to live in LA and they moved but were able to keep their jobs here.
Same thing happened when busing hit in the San Fernando Valley. A lot of families jumped over the hill to Simi Valley so the dads could keep their SFV jobs.
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Old 01-10-2021, 06:50 AM
 
Location: So Ca
26,723 posts, read 26,798,919 times
Reputation: 24785
Quote:
Originally Posted by American_Renaissance View Post
Thing is, many people who bought 40 years ago, may not be able to do it today.
While I agree with you about the lack of housing affordability today, we need to remember that a mere 7 years ago, real estate hit a huge low, and many, many people bought then.

https://www.cbsnews.com/news/where-i...going-in-2013/

https://www.nfib.com/content/press-r...om-line-63570/
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Old 01-10-2021, 08:31 AM
 
Location: Formerly Pleasanton Ca, now in Marietta Ga
10,347 posts, read 8,564,711 times
Reputation: 16689
Quote:
Originally Posted by BayAreaResiding View Post
I mean, you can buy a 3 bedroom home in like Garland, Texas for like $200,000. The same home in the Bay Area would be around 1 million. If you can buy a home for $200,000, does property tax really matter ?

People are so anxious to jump on Texas that basic math escapes them. They can’t comprehend that a million dollar house in the Bay Area would cost 1/5 the cost in Texas and thus taxes will be lower.
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Old 01-10-2021, 08:45 AM
 
272 posts, read 322,423 times
Reputation: 470
Quote:
Originally Posted by CA4Now View Post
While I agree with you about the lack of housing affordability today, we need to remember that a mere 7 years ago, real estate hit a huge low, and many, many people bought then.

https://www.cbsnews.com/news/where-i...going-in-2013/

https://www.nfib.com/content/press-r...om-line-63570/
Maybe you need to add how many people lost their houses in 2008 in California? And it was no huge low or just low in California real estate in 2013. My daugher was looking for house since 2011. Maybe in some rural places with no job propectives. That was another "news" from CBS...
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Old 01-10-2021, 09:24 AM
 
Location: So Ca
26,723 posts, read 26,798,919 times
Reputation: 24785
Quote:
Originally Posted by tetka_grunya View Post
it was no huge low or just low in California real estate in 2013. My daugher was looking for house since 2011. Maybe in some rural places with no job propectives. That was another "news" from CBS...
Rural places with no job prospects? You must be joking.

https://www.doctorhousingbubble.com/...rices-changes/
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Old 01-10-2021, 09:39 AM
509
 
6,321 posts, read 7,042,755 times
Reputation: 9444
Utilities. My $100 monthly electric bill, would be 2,000 monthly in California.

California is very expensive. But the weather is generally nice.
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Old 01-10-2021, 09:52 AM
 
272 posts, read 322,423 times
Reputation: 470
Quote:
Originally Posted by CA4Now View Post
Rural places with no job prospects? You must be joking.

https://www.doctorhousingbubble.com/...rices-changes/
So now the source of information is a blogger, which actually stated that there was no decrease in home prices since 2009. Which is true (do not read CBS news!)

His focus in on affluent SoCal, probably OC. I wish OC will recover soon after this pandemic, my friends live there. 6 months ago they purchase a good house using money from their house sale in SFBA. As i remember their house in OC cost way over $1,000,000, not $200,000.
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Old 01-10-2021, 09:56 AM
 
14,302 posts, read 11,692,440 times
Reputation: 39095
Quote:
Originally Posted by 509 View Post
Utilities. My $100 monthly electric bill, would be 2,000 monthly in California.

California is very expensive. But the weather is generally nice.
Our electric bill for a family of 5 in a single-family house has never exceeded $100. Where are you getting this $2000 figure?
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Old 01-10-2021, 09:57 AM
 
272 posts, read 322,423 times
Reputation: 470
Quote:
Originally Posted by 509 View Post
Utilities. My $100 monthly electric bill, would be 2,000 monthly in California.

California is very expensive. But the weather is generally nice.
Yes, that young woman was working on $14/hour, has been evicted from her small appartment (my post few pages ago), because she couldn't pay her utility bill during cold season. Looks like there is a law in California - didn't pay your utility bill - get evicted
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