$559,900
3 Bed, 2 Bath
1,323 Sq. Ft.
Single Family Property
Area: Laguna Hills
County: Orange
Year Built: 1984
Approximately 1323 sq. ft.
Lot is 4600 sq. ft.
Note the size of the home and lot.
Posted on 11/18/2004 7:52:21 AM PST by SmithL
More than 50 percent of California residents said in a survey being released today that they are very concerned that fast-rising home prices will lock out younger generations from the housing market.
That trend already appears under way for those ages 18 to 34, with 31 percent saying high housing costs are forcing them to ponder a move from their region or out of the state, according to the study by San Francisco's Public Policy Institute of California.
Researchers at the nonpartisan think tank say an exodus of young workers could undermine state's economy, especially in the Bay Area, which relies on a skilled, mobile labor pool to drive its dominant technology industry.
"If the younger adults are thinking about moving out of a metro area like the Bay Area, the question is, where do you get the workforce?" said Mark Baldassare, the institute's director of research. "Who's going to come in and replace the skilled workers that we're going to need for our economy?"
(Excerpt) Read more at sfgate.com ...
Tulsa?
Gee, that's a profound concept. Maybe next year's research could include WHY they're moving away.
If you figure out WHY they move away, maybe you could DO SOMETHING to slow it down.
It's not that hard, people.
I can attest that fierro is telling no joke.
But yes, the ridiculously overinflated property values in California are a joke. The only problem is, nobody's laughing.
It certain is that.
It's not a joke :-(
For those folks who are lucky enough to own a home, just think....you'll never have to suffer from "empty nest syndrome". Your kids will always be there.
And even THAT is starting to change. I wouldn't be surrpised that former bad places in the Bay Area like Richmond, much of Oakland, much of San Francisco, and East Palo Alto rapidly gentrify because of people moving in and renovating whole neighborhoods.
Sadly, every major city in the U.S. is overrun with (a) Liberals and (b) Urban blight. I'm starting to think the two go hand-in-hand.
$559,900
3 Bed, 2 Bath
1,323 Sq. Ft.
Single Family Property
Area: Laguna Hills
County: Orange
Year Built: 1984
Approximately 1323 sq. ft.
Lot is 4600 sq. ft.
Note the size of the home and lot.
Here in Irvine, CA 3-bedroom condos with NO GARAGE are going for $460K - $500K, no joke.
$569,000 would get you a mansion here in Central Texas.
We know of some military families who were stationed in CA just before the house price explosions began--and sold their houses at a nice profit when they left. I guess it just depends on what part of the cycle you buy in.
The cost of homes is stratospheric in Santa Cruz California and just about everywhere else in the state because of
1. Slow or no growth policies that limit the number of building permits that the county issues
2. Smart growth, which is high density housing, they get all the building permits issued, so no single family homes get built
3. Conservancies, green belts, open space, conservation easements, take land off the tax roles and out of the private property market, making existing homes skyrocket in price.
4.Government control of the housing market. When the government severely restricts home building, only allows high density government subsidized apartments to be built, creates rules that make it impossible for those in rural areas who lose their homes due to fire or other disaster rebuild, when they use densification the keeps people from rebuilding single family homes in underutilized city lots, when they number of regulations and studies that must be done in order to satisfy the requirements of the building permit double or triple the cost of construction,
then you will understand why houses are so expensive in CA
Does that mean you're in Columbia? Try Springfield. And someone mentioned Tulsa, which reminds me that Edmond, OK is also not a bad thought.
My house goes up for sale next week. Moving to a Red State. I am concerned for my stepdaughter. She's 27 years old, has a good, steady job and absolutely no chance in hell of buying even a small condominium here in San Diego.
Won't ever happen. The things that the California government would need to do to keep young Americans in California would interfere with their grand social experiment to make sure that no illegal alien goes without free food, housing, schooling and medical care...all at taxpayer expense.
Blue areas will continue to attract and harbor the shrinking extremes -- the professional wealthy cultural leftists and their dependents.
As high real estate prices and anti-business, intrusive, high tax policies prevail in blue areas, they run off the family-oriented professionals who aren't there for the arts and croissants to more affordable, pro-business red areas.
I have two close friends who are starting families and are in the process of fleeing SF and Seattle respectively for cheaper regions.
That puppy would sell for about $60,000 in North Florida. But I suspect our wages are also lower.
I'm putting my house up for sale next week for more than that. My house is 1600 sq. ft. on 1/3 of an acre. I believe it will sell quickly. It's crazy, so I'm getting out while people are still in their trance.
Out of staters are ruining Florida. They destroyed their Yankee townships back home and are quickly doing the same down here. Miami and Tampa are leading the pack with Orlando and Jax not far behind.
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