There go all those $400K fixer uppers. Maybe they will have a flood sale.
I really would like to know how Californians afford homes out there?? My husband, a native Californian left there in the 80's and sold his Dana Point condo fo $100K and now this tiny 2 bedroom is selling for $400K. Obscene!
We would like to retire in San Diego but we would have to live in a tent on the beach.
That's a good question and I have zero answers. It gets a bit discouraging sometimes.
"We would like to retire in San Diego but we would have to live in a tent on the beach."
After recent events, you might want to reconsider that idea.
We bought our 1400 sf home almost 6 years ago for $130k. A few months ago it appraised for $375k. Sure am glad we bought when we did...
We sold our little 2-BR house in West LA in 1959 for a mere $17 K. The same house was later sold in 2001 for $300K. Go figure! Where was that $$$ when I really needed it? But then again, I bought Xerox at $7 a share and sold it after it reached $14. Now that was dumb--it went to over $300 and split twice. Yikes! My neighbor did not sell his stock and stopped speaking to me, a mere peasant, while he rolled in the dough.
I can get you into a double wide in Carlsbad right across the street from the beach $250000 for the home and 150,000 for the lot.