I base this on the fact the home prices are so freaking out of touch, most of those younger working class, who were born and raised here cannot afford a home here in the LA/OC area. In S. CA, you'd better have a government job with lots of benefits, and or a damn good paying, secure job. Otherwise, ferrrget it. Otherwise, head to palmdale or victorville.
It's why the CA natives move out, and the foreign nationals with money move in. This has been going on for decades now. Where ya been?
So here is the deal, I think you should continue to rent so you can enjoy the better weather. And, people like me that can deal with the hotter 3 or 4 months in the summer, watch their property appreciate while you flush you hard earned money down the toilet! For 8 to 9 months of the year the weather in Murrieta is the same as LA and Orange County.
In 2010, just a few years ago I paid 78K cash for a 1300sf home on a 10,000sf lot in Murrieta. My property taxes are under $1500 per year. Now it is worth about 350K. It will go to 500k while you continue to enjoy the weather.
I have lived many years in LA and Orange County. The freeways are way worse in that infested smog bowl than the 15 Freeway is out here and you know it.
There over a million people out here and thousands of good jobs available. There is no reason to work in LA or OC.
“Bet the rent!” That’s funny; I haven’t rented in over 50 years. You bet your rent Einstein…