I’ve always been grateful that I bought my Ventura house before prices went up, and after reading this article I’m even more thankful that I don’t have to take in lodgers to afford to live here!
ROFLMAO! To those people mortgaging their lives to their residences - MOVE, Y’ALL! I moved from L.A. to the Tulsa area in 2003. Have built a house and am currently selling the 1800+ square foot house on three acres that I am living in for less than $60,000. Mortgage payments for buyers around $260 per month. And that’s high for the area.
Most people who find themselves having to rent a room in a stranger’s house when they are in their 40s or 50s have made a long series of very bad decisions. It is a bad decision to stay in a costly area when you have no income, no job, no savings, and little hope of any of that improving.
MOVE, Y’ALL! There is a whole great big world outside of Southern California.