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Why is it to hard for so many people to understand CA markets are expensive because: it is a desirable area, there are jobs available and there is a lack of new housing to meet demand. It has nothing to do with Chinese conspiracies, infowars BS, currency manipulation etc. it is simply lack of supply.
Well in part it makes sense. However if I had unlimited money I still don't think I would choose to live in a place that had so many natural disasters. I would become a snowbird, live half the year here in FL, not necessarily where I am now, and the other half of the year in NC or TN.
You might not like it there but most people (including myself) would take the year-round moderate weather over living in snow country and having to migrate every year when it gets cooler (plus how does the job situation work out? Some people can't switch jobs every 6-8 months). Natural disasters don't happen every year anyways so.
Well in part it makes sense. However if I had unlimited money I still don't think I would choose to live in a place that had so many natural disasters. I would become a snowbird, live half the year here in FL, not necessarily where I am now, and the other half of the year in NC or TN.
Despite all the doom talk, natural disasters happen everywhere. It's nature. There is no static place on earth where nothing ever happens.
CA has the largest economy in the US, most of it has nice weather year round, its cities are desirable and there are lots of jobs and money circulating in the economy... so real estate is always going to be expensive. Cheaper -and less desirable- places exist elsewhere in the nation.
Neighbors in my area are getting up to 1K a month for a bedroom. No problem renting. A lot of them are foreign students going to university here. Apartment vacancy rates are in the single digits. Lots of people here who can afford the high rental and home prices. Lucky I live in a paid off home.
Coastal California is some of the most valuable real estate in the world. Great weather, beauty, rule of law, property rights, and high paying jobs all in one package.
The days of the working and middle class having a chance in California are over. The word is out and everyone knows it's one of the best places to live.
If you really want to live there, live somewhere else for a decade and save up money for a down payment. That's what the "cash-rich Chinese" did.
Despite all the doom talk, natural disasters happen everywhere. It's nature. There is no static place on earth where nothing ever happens.
CA has the largest economy in the US, most of it has nice weather year round, its cities are desirable and there are lots of jobs and money circulating in the economy... so real estate is always going to be expensive. Cheaper -and less desirable- places exist elsewhere in the nation.
All supply and demand. Exactly the same thing can be said for Sydney and we have exactly the same issues with property prices.
I'm late to this thread but I do want to say that I was surprised at how *relatively* cheap the rent is in San Diego. Seems like everyone from Los Angeles is looking to move to San Diego, yet the rent prices really aren't all that bad. This is obviously from an outsider's perspective, but I thought it was reasonable given the year round fantastic weather, proximity to Mexico, and proximity to the ocean.
To the op a $130/month increase in rent over 6 years isn’t a lot. If your income hasn’t increased by 3-4x per month more over that time you’re doing something wrong.
To the op a $130/month increase in rent over 6 years isn’t a lot. If your income hasn’t increased by 3-4x per month more over that time you’re doing something wrong.
Funny. I just took another job and my money. They offered 25% more pay than I was getting. And better benefits.
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