January 17, 2018
Yep. California’s house market. I used to live in Riverside. We lived in an apartment for one year – 2 bedroom, 2 bathrooms, a deck, a fireplace, nice complex for $1,350/mo ten years ago. We started talking about buying and looked around for our type of home and preferred neighborhoods and realized we couldn’t afford it. A small starter home cost well over $400K ten years ago – yeah, just before the housing crash. The only places we might be able to buy were in remote small towns. If anyone is thinking of moving to CA, expect astronomical apartment rents and house prices.