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Anecdotally as someone who's been doing some casual house-pricing over the last year around California, it is surprising how expensive a lot of the state -- inc
by chipotle_coyote 5y ago
Anecdotally as someone who's been doing some casual house-pricing over the last year around California, it is surprising how expensive a lot of the state -- including areas that were pretty cheap, in relative terms, just a few years ago -- has gotten for new home buyers. It's true that people kind of forget that there are cities outside the Bay Area and the LA Basin, but it's still dismaying how much a 1500 square foot, 3BR/2BA home that isn't of the manufactured variety is likely to set you back even in pretty remote towns in California.
- rcpt 5y agoProp 13 is a huge incentive to park as much cash as possible in real estate and then never sell. Hugs market distortion. It's statewide.
- simfree 5y agoEven in Oregon places like Hood River, Veneta, Bend and such have seen home prices surge. Areas of Washington State like Arlington have seen this as well, it's crazy to see a dated 4 bed 3 bath house go for $800k when it is not within even supercommuting distance of any high paying employees.
- dragonwriter 5y ago> Prop 13 is a huge incentive to park as much cash as possible in real estate and then never sell. Or cash out for a retirement where you aren’t living someplace subject to Prop 13 effect on the market, which is what a lot retirees leaving CA do.