Posted on 11/20/2004 1:29:58 PM PST by The Loan Arranger
The high cost of housing in California is prompting nearly a quarter of the Golden State's residents to seriously consider moving to cheaper digs elsewhere.
What's more, when Californians buy a second home, more and more of them are buying out of state in cheaper housing markets.
California has the nation's third fastest rate of home price appreciation this year, behind Nevada and Hawaii, rising more than 18 percent compared to last year, 84 percent in the past five years and a whopping 338 percent since 1980, according to the Office of Federal Housing Enterprise Oversight's Home Price Index. Nationwide home prices have appreciated about half as fast.
(Excerpt) Read more at realtytimes.com ...
THIS MUST BE STOPPED!!! We can't have the infestation spread....
The boomers have yet to retire and already they are seeking more "extreme" retirement environs than Florida, etc. It will be interesting to see what picture of America the next census in six years shows.
I do. Screw the weather. I'm leaving soon for NV.
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