Posted on 06/13/2025 10:20:20 AM PDT by Lazamataz
After four consecutive months of year-over-year inventory increases, California is now solidly a buyer's market, which means the supply of homes is greater than the demand for properties in the state.
That is happening in part because, as real estate analyst Nick Gerli put it, "no one is buying homes in California." Home sales in the Golden State are hovering just below the lows of the Great Recession, according to a recent report by Realtor.com, as sky-high prices and elevated mortgage rates keep buyers on the sidelines of the market.
(Excerpt) Read more at msn.com ...
No one wants to pay 1-2 million for a 3-4 bedroom house that’s why.
No one can find a homeowner’s insurance policy.
In all seriousness, when you clear out tens of thousands of illegal migrant families, a lot of homes go vacant. And then the law of supply and demand kicks in.
I’ve been arguing since 2023 that once we start deporting illegals en mass, house prices will plummet in areas most affected. e.g. California.
They see the amount asking add in property taxes and insurance and realize even bill gates would think twice.
Well this also is obviously Trumps fault
Have prices gone down ?
Californians are buying homes, just not in California.
The less the demand, the more the prices go up.
Yeah who’d want to live in this rathole..I live here and if it weren’t for the fact that the majority of my family is here I would have moved to Florida a long time ago
“””Well this also is obviously Trumps fault”””
The only reasonable explanation for this real estate crash is...ORANGE MAN BAD
There is a reason virtually all of those in real estate and housing are rabid leftist Democrats.
You don’t own homes anymore.
You rent them from the state.
I looked at prices in Austin, Texas on realtor.com.
Athens, GA, Greenville, SC and Nashville, TN also have some pretty fancy prices.
Before buying any house, meet with your potential neighbors. You’re buying more than sticks and concrete.
If they can’t sell their house in Kalifornia, then they probably won’t be able to move to Arizona, Texas, and other battlefront states trying to stay or switch to red.
When you fill up your state to the rim with illegal aliens, let wildfires burn down thousands of homes, make people jump through red tape to rebuild them, enforce ridiculous environmental conditions to land,construction and materials, is it any wonder no one can afford houses except rich democrat-funding movie, tv and rock stars?
Not many can afford to pay 1-2 million for a 3-4 bedroom house.
Even if the only thing that Trump did was to close the borders, this was going to happen anyway.
Millions of Californians are leaving the state. So if the borders are closed, no one is buying their homes.
So far, Trump has not been able to deport that many people. Obama beat him in that department.
There is a simple rule in real estate.
Every house can be sold.
The price just needs to drop low enough to meet the market.
Much of California is still pretty pleasant physically. The commercial areas of Los Angeles itself have been hard hit by tents and Amazon though.
California still has some pretty good jobs to be had.
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