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>In California the property appreciates faster than almost anywhere else in the nation. I know a smart man that bought a house near the ocean in 1961 for 29K. He still lives there and now it is worth 1.5 million! And, the property taxes on that house are still based on the original 29K price plus a 2% per year increase! What other state does that? The answer is none…

High housing prices make old folks happy, but it destroys younger folks. Without children what’s the point?

You don’t have a right to live by the ocean young man. Or, even live 20 miles inland where the weather is still great.

There are plenty of homes on land in the Inland Empire where you can buy a home like I did and watch it double in value with low taxes! Move 100 miles from the coast and you can still live the American dream in California. Nine month of the year the weather is still better than almost anywhere else in the nation!

What the poster or possibly realtor isn't telling ya is if ya want to sell and buy up or better yourself in CA, by selling your old property and buying another, even close by, you're screwed in CA because the taxes will economically gang rape you. In other words, if you've owned property when homes were reasonable priced, you pay low taxes as long as you stay put. But once you sell, your taxes will triple, and often quadruple++.☺

We know people who are now spending around $3,500 per month for mortgage and taxes on their cookie cutters homes because they made the mistake of not buying 40 years ago. They won't last, it's killing them.

Btw CA taxes are based about 1% of the sales price. If ya bought in 1968 ya got low reasonable taxes. If ya purchased in the last 2 decades or so in CA, you're tax screwed. In other words, nowadays when buying a home in CA, you are gong to get gang raped on taxes. No question!

Back in 1968 everything was pretty reasonable including housing and nobody was overly greedy. Nowadays? ferrrget it...lol

Correction let me clarify: We know people who are now spending about 4,000+ per month just for mortgage/insurance and taxes on their cookie cutters homes in CA because they made the mistake of not buying 40 years ago. They won't last, it's killing them. Only a very few are able to not lose their azzes.

A home about 5 miles from the coast in S.CA at about 725k with $20,000 down will run $3,300 from mortgage and insurance, then add in the taxes, which will come to about 800+ or so per month. And that's just for property taxes....Now add in all the other sky high CA taxes and prices...

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