“I have lived here my whole life and it pisses me off. The brag and boast about their liberal ideas but after screwing their own state up the move to mine and then want to change it to the the state they screwed up and just left.”
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Stand your ground.
What few realize, is the Californians they’ve seen moving into their states, are not like the next wave, you’ll be seeing.
The first ones out, sold and left at the very top. They left California, fat and happy, and felt very good about what they had come from - because it had made them very wealthy.
That equation is now broken. Big.
A huge number of otherwise successful middle-class and UMC Californians, are now in the process of watching, daily as they go upside down on hugely overvalued houses.
They’re afraid to sell, because they’ll lose their “ATM”. Everyone in CA, had gotten so used to the idea that house values go one direction - that quite a few used their house (even though it wasn’t paid for) as a source of spending money.
Suddenly. (and I do mean suddenly), that’s gone.
Now the houses are actually losing value, homeowners are holding massive mortgages as their equity evaporates, and the state is heading for a financial train wreck.
What position are most Californians in, now, to move elsewhere and start telling others how it’s done?
Many can’t. Some will sell at a loss (which for the fortunate who bought 10 years ago or more) will still leave them enough of a cash-out to comfortably move.
Some will just say “scr*w it”, manage to break even, and leave.
Some however, can’t. They’ll lose money, and end up elsewhere, downsized.
None of those soon-to-be migrating Californians, will be the arrogant, “we know what’s best” knotheads you’ve seen before.
The next batch, will be happy they’re where you are.
Please be nice to them.
Thank you. :)
The house we sold in Riverside went up $50,000 in one year back in 2002-2003. Now, there is a very similar house for sale on the same block with an asking price $50,000 more than that. FIVE YEARS later. Conservatively, those houses have gone down more than $200,000 since the peak.