Quote:
Originally posted by Greg B
I've never seen such an inflated real estate market as California.
On my street alone the lowest house price is $700k and these same houses in upstate NY would go for $150k!
I've seen these houses increase in value 600% in just 4 years!
Why? They look like like double hammered shit on a Monday!
Now people can't afford the mortgages and taxes and they are FLEEING California. Everytime I turn around someone is sending out a new address and phone # because Nevada or Oregon are more appealing.
Yesterday on the news they explained that even though the houses have incresed in value people can't pay the taxes and HAVE to sell or go into debt. The tax burden on the working homeowner is so stressful that it's actually cheaper to rent or just move out. The news says it's because of the illegal immigration issue and low poverty issue. These unfortunate people require so much tax based services i.e. medical, that the average citizen not only is carrying a burden 3 times higher but isn't receiving services due to the high population of people who can't afford services in the line.
I've seen this at the banks and hospitals. More people in line it looks like Ellis Island.
Anybody here live in Cali or has moved to save $$$?
|
I don't even think Cali has any cities in the top 5 as far as cost of living goes. At least you have nice weather.
Try paying a bundle to have snow dumped on you for 4 months a year.