Loading ...I didn’t read it but he’s in real estate right?
so far anyways it’s way over priced. Especially coastal areas. My nephew in southern Cal is currently selling his condo for a little over 400k My mothers house on the cost in Carmel which has pricy unique homes with a ocean view from a safe distance from the patio but because Carmel’s quite hilly the patio hangers about three story’s high on a hill and wouldn’t want to be there in a quake that when she died my step father lives in now sadly alone but initially hers, had doubled in price in probably the last 5 or so yrs.
If you sell and buy new or Refi when rates were lower you’d get that but if you didn’t do it before priced ran up before interest rates changed you’d be paying more in taxes with the current prices and Calif has the highest taxes and insurance. Even car insurance. It used to be if you owned a car and had full coverage or comprehensive plus a good driving record your insurance could go down through the years. Not any more, instead it keeps going up because Calif caused it to be that way. Apparently that causes people not to get insurance like heath care cost did so you better have full coverage rate or at least uninsured added as my daughter learned.
Overton
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