It’s a beautiful area, great weather, in a state with ah economy controlled by communists. Why wouldn’t the prices be high?
When I lived there, many years ago, the Inland Empire was on a home building binge with no end in sight. The population must have shot up enormously.
...but then Cal. wouldn't get 55 electoral votes...Si or no?
A family friend bought her ranch-style house in Santa Ana in the 1950’s for $25,000. 25 years ago, she was bragging that it was worth $400,000. Back then, she was renting her garage out to a tenant for $800/month.
I only lived there for 12 months but I actually believe it’s worth it.
Property taxes in northeastern states are about three times higher than CA. It is expensive to heat and cool a McMansion there. The total monthly costs to own a house in southern CA or the northeast work out to be about the same. One "benefit" in the northeast is the police state is much further along, while in CA the cops are spread thin, an unexpected side effect of Proposition 13.
On the other hand, if you live in Nevada or Arizona you can drive there whenever you want and enjoy the good stuff without having to endure the downsides.
If California ever becomes a Republican state again, Orange County real estate prices will probably double from these levels. :)
OC will always be the highest overall in soCal. Illegals or not. The more sanctuary BS in LA the higher prices in OC. Stay away from Santa Ana and you’re ok.
The reason prices are high anmd always have been and will be? It’s in Orange County.
Where I live the cost of living is fairly high. A small house is in the $300,000 range. It’s a resort town that attracts a lot of people. Every few months there is another push for “affordable” housing. And the usual suspects all go on and on about how the poor can’t afford to live here and the worker bees can’t find cheap apartments.
STOP LIVING WHERE YOU CAN’T AFFORD! And if you can’t afford to move there. THEN DON’T MOVE THERE!!!
My older sister and my B-I-l bought one of the first homes in Cypress and on pleasant evenings one could smell the delightful odor of a nearby pig farm wafting on the breeze.
Now it seems it is nothing but houses and development all the way down to San Diego, with the interruption only of Camp Pendleton in Oceanside. I have often wondered how the Marines have held out there given the value of that land and the Liberal (anti-military) political climate present in that once great state.
Oh, btw, I left CA in the 70s primarily due to the even then traffic congestion.
An OC home I know of, sold new in 1967 for around $25,000 then resold in 1974 for $40,000 and today is worth about $800,000.
Climate, jobs, quality of life, low crime support OC real estate.
As my late father said, they aren’t making anymore coastal property. He was a builder, not wise investor.
A few years back a friend asked me for the cost to build a home there. I started by checking on regulations and building permits....
$45,000 for a building permit! Man, those must be gold plated hoops the building inspectors want you to jump through!
And that did not include any relocation and resettlement charges for those endangered hopping mice and the desert tortoises!