What were once considered average middle class cities are now turning into million-dollar neighborhoods. Hetty Chang reports for the NBC4 News on April 23, 2024.
Bought my house in Redondo beach, Ca. 2 blocks from the beach in the 90s $135,000 2 million now. If I sell it, I can't get a house of the same size anywhere in the area. My kids had to leave the state to find an affordable home to buy. It's crazy that our children can't afford homes on regular jobs. Like we could. When I bought this house, I was a shipping and receiving manager. Not big money at the time. But enough to afford a home in what is now a upper class naborhood. Crazy. And very sad.
He wants a pool, jacuzzi, waterfall, big back yard, but if he's all in a 1.5 mil, he'll be so strapped that stress will eventually creep up on the marriage and could lead to a divorce. All those requests come with high maintenance cost, not worth the stress if you can't comfortably afford it.
Some folks don't want kids so don't think a pool & big back yard means they want kids because it could very well mean they want a big enough space to throw partys like 4th of July and etcetera or any get together at their home@@Dis2good
My father bought his house in San Jose for $65,000 in 1974 and it is now worth $1,500,000 (3-bedroom, 2-bathroom, 2 car garage) $65,000 in 1974 is the same as $435,656 in 2024 when adjusted for inflation. In 1983 he bought a new house in Fremont for $250,000 and it is now worth $1,900,000 (4-bedroom, 2-bathroom, 2 car garage) $250,000 in 1983 is the same as $740,123 in 2024 when adjusted for inflation.
😝😜😬😂🤣 You call that a profit ?? 150K?? If you profit 150K on a RE flip, you in the wrong mofo buiness! And FYI, 85% of realtors are poor. And more than 60% of them have never ever owned their own homes. Come Summer, it's going to be even more difficult for them to survive due to complete overhaul based on anti-trust lawsuit disposition/settlement.
Corporations too. Buying up to rent them at inflated rates. Kalifornia's pro-dead beat renter laws are making it impossible for a mom and pop to rent out a second home. You need the big bucks and resources of the corporations to make it work. Progressives once again destroying everything they touch.
One obscure factor to the supply is that Home builders got smart and stopped "Releasing" too many homes to the market at once. They're only releasing so much at a time to keep demand up
@@strada624 If builders are creating artificial scarcity, who's to stop additional builders from supplying more houses? Something is making it difficult to build in this state.
Well here’s the thing.. people are stupid enough to pay these prices. I own 3 bedroom, 2 bath home in CA… paid $350k 3 years ago. I know cost of homes have gone up but it’s because people agree to pay the ridiculous prices.
I know. It's like paying $50,000 for a car when you can go out and buy a $3,000 car. El Centro, Chico, Fresno, Visalia, Victorville, Wasco, Delano, Corcoran, they're all California on $350K level. California itself is a whole other country in US. It's huge, weather is different, people are different, pay scale, earning levels, education levels, everything is different in every County. Enjoy your forever $350K California. Those greater metropolitan area $1 mill California homes will see the appreciation upwards of 6-15% every year as home property values tend to rise minimum threefold of CPIs. There's a reason why some area homes are cheap and stay cheap for very very very longer term.
It’s more so investment companies buying tons of properties way over asking price, pushing up the median prices. A lot of big earning clients from other countries transplant here as well since the price of the dollar dropped.
There is no doubt that the home price is just crazy. However, my recommendation is to buy the house you can afford to pay and you see yourself to live there for 10 years. Don't worry about the school district, big pool, all the nice stuff. The sooner you get your first house, the sooner you will get your 2nd one. I got my first house at 25 by myself and purchased 2nd one with my wife at 35. Just keep in mind to go for the fixed interest loan, then you will be okay
@austinitel.2972 I rented it out. I bought it in 2007, the highest price before the housing market crashed. People thought I was crazy, but I kept telling them my primary residence was not an investment. Now, that house doubles the value. I rented it out, and cover all expenses and some extra.
Stop talking history. Those days have long been gone! You will never be able to add another house to your 1st house unless your income quadruples. Times have changed and this is not 2005-2010. If you missed the trough of RE crash in 2010, your hopes are slim especially for those Gen Zers and post millennials who frequented Starbucks all their lives. And NEVER mix business with your wife. Hope you had her quitclaim on the deed to your 1st house at least. Those two homes are now in the hands of your wife. Be very careful my old friend. Learn from the youngin with experience.
@YOOWINYOOWIN Greetings, I am sorry your perception of life is just too dark. My wife is a saver and she bought 2 houses before we met. I agree with you about GenZ spending unnecessary money. I am not saying it is easy to buy a house these days, but if someone can prioritize and determine. It is doable. My cousin just bought a house this year $650k, he saved all his money during his time at Marine Corp. Got a decent communication tech job after college. He is 28 years old, and I am proud of him.
If you have big dreams you must have a bigger drive to accomplish those dreams. You must hustle hard to get what you want but it'll be at a cost sometimes it's a marriage, sometimes it's missing out on important occasions because you're working or dedicating yourself to something like a affording a million dollar home
Not a California problem, it's a national problem. Investors crowding the housing market because it's a safe investment as the gov prints money into oblivion.
My home in Southern California in the Coachella Valley cost around 460k in 2019 and is now worth nearly 1.1 million. I need to figure out how? People are moving to the desert from larger cities and settling down here, increasing the cost of housing and everything is doubling up.
$450 for HOA is ridiculous on top of the mortgage. Wouldn't feel like a home with these fees & HOA rules. Don't buy. Keep saving & investing for the future. Live simply. 😊
I've never heard any think they've "made it" based on their home value. Like, that's the goal in life. Yikes. I don't feel sorry for any of these people.
Show us. Where in overseas?? Did you actually see the inflow of funds from foreign countries?? Stop yapping out false facts. Unless large portion of inflow funds are from China, nobody will feel a thing. And China has stopped the outflow of their yuans for years now. It's hard to funnel money out of China. Call Xi Jinping and ask why.
My wife and I took a chance and moved to Oceanside in 1991 from Anaheim. We bought a 2300 sqft brand new home for $214,000. All our friends said we were crazy to move there because at the time Oceanside was known as a military town and gangs. Guess what?😁😁😁. Orange County is crazy high
Thats still low compared to where I live where a 1,080 sq ft home sold for $1.2M + last month. The houses here are from the early 60s. Crazy times indeed.
$450 HOA?!? Here in Las Vegas, I live in a 4,000 sq ft, 3 car garage, pool I bought two years ago for $695,000. The HOA is $220 a month (considered high in Las Vegas), and my neighborhood is GUARD-GATED, with a guard house!! My property taxes are $4,250 a year! now I just frequently make the drive to stay in Malibu for “getaways”.
No, idiot! Home sales of existing homes really did slow and tumbled in the West due to interest rate creeping back up in the mid 7%. Did you just wake up from coma?? Be sure to keep track of 10 year treasury rate.
We have a $2M home, cottage really, 1800 sf, 3/3 5500 sf lot, 1927 Spanish Revival and our property tax is ~$3000/year. Bought for $179k in 1996, prop 13 is a game changer.
Prop 13 is only good if you bought the house years ago and the appraisal is being capped at a fraction of the current market value. If someone buys your 2 million dollar house now. Once it changes ownership it gets reassessed at 2 mill and the cap starts from there. You looking at 15k+ in taxes. While the tax percentage seems low, those homes are so overpriced that in the end it's still higher taxes than the average.
The interest rate is higher now than it has been the previous decade and a half, so the amount of money being printed has slowed own. And what exactly is the govt spending money on? And how does that effect home prices? Stop mimicking erroneous talking points.
So ridiculous a small house listed for 1 million nobody not even myself who has a good career and some good investments and no debt can't afford these prices
They clearly don't want the pool, high ceilings, etc... Prioritizing the zip code is dumb. Get what you want in the IE and wait 5 years for it to reach 1m. My mort is $2400 for +4,000sf and all the crap they claim to want... Why live in Tustin and eat ramen when you can live in Temecula and eat ribeye...
He's right...when I was a small kid 1 Million dollars meant a mansion..now..it's a house like mine which I was so fortunate to buy in 2008 in the I.E. Thank God
First of all, if I were these couple. I would get the hell out of California.. I would leave because first and foremost quality of life and standard of living is most important. California might be a beautiful state, but standard of living is more important. If they move out to the midwest or south; they could get a 4000-5000 sqft house at least 6 bedrooms with high ceilings and 1 or 2 acres of land for $500k to $600k. Property tax would be about $2000k a year, but no HOA fees! And in this video… it was saying HOA fees are more than $400 a month.. That is about $5k a year. I remember back in the days in CA; my parents bought a 4000 sqft house in Newport beach, CA for about $100k ( This was in late 80’s). Now it is worth about $5 to $6 million. I inherited the property. I will sell soon to collect my golden paycheck; but you know damn good and well that I will be fleeing California faster than a Corsair; once I become an instant millionaire. Right now, I am living rent free with my girlfriends family and you damn right I am dumping her after I get my millions. ( Everything will be kept secret).
Imagine living in a new 2100 sq ft house in california for 145k at with a mortgage of 600 a month. That was me in 2013. In the high desert. Now that price is tripled.
I used to live in Tustin I went to school there everything. When my dad sold my childhood home it was worth 900,000 something today that same house is worth a million dollars if my dad could have waited an another year or two to sell it.
This country’s housing cost will transition to like the housing cost of Hong Kong, Paris, New York, and other big metropolitan cities. The continuous printing of our dollar and debt increase will just make everything expensive forever. If the cost goes down, our economy will tumble. There’s too much population, the middle class people that worked hard has to work harder. The super rich ones will keep on buying properties/land, and the ones that don’t work hard will be joining the homeless population, including the overspending population living beyond their means. There will be no more cheap items in the future.
Homie, look at South orange county (Rancho Mission Viejo)if it is within your commute distance. Probably the last of the new builds before you hit Sand Diego county.
Don't do it. Better off buying a plot of land, getting a construction loan, and/or paying for the build yourself. These homes are overpriced for no good reason.
It’s called an “unfair policy/ economic advantage” for older generations combined with “manufacturing scarcity” in housing/water/lumber etc to drive up prices artificially. Good Luck!
Simple economics, supply & demand, too much demand & not enough supply. But those with supply vote to keep supply low in order to keep their property values rising… 😒
I cant reconcile how a child like mind, rattling off house features and saying " its hard", etc. Has the money to afford this. If I dont hear what is they do, I come tonthe conclusion they inherited money
But where are those good paying jobs in Alabama??? Try those up and coming states like Arizona, Nevada, Texas. Where professional jobs are there too. I hate to put it this way. The most redest states are the poorest. The bluest the richest.
It’s sad to see those prices. But being all remote now, surely with 1 million dollars you could have your pool if you go to another state. I don’t understand the persistence of cooperating with those sellers who are inflating the prices.
Million dollars doesn’t buy you a lot in California since my house 🏡 in Cary, NC is worth about $775,000. You need at least $3.5 million in California.
Rising home prices is a very sensationalized news topic. If you choose to live in a highly desirable bustling area with lots of businesses and development then of course you will expect the properties and values to evolve similarly with time. I have also lived in rural places in upstate NY. Those prices barely increase every year, but you also feel like you are stuck in a time warp in an old dated city because nothing ever improves!!! I’m just like every kind hearted hardworking person around me and I also want a huge home, with a huge lot, and a waterfall and pool, and a koi pond, and a tennis court, in a coastal region with nice weather and tons of people. But i want the house to be old average prices. YEAH RIGHT!!! 😂
Bought my house in Redondo beach, Ca. 2 blocks from the beach in the 90s $135,000 2 million now. If I sell it, I can't get a house of the same size anywhere in the area. My kids had to leave the state to find an affordable home to buy. It's crazy that our children can't afford homes on regular jobs. Like we could. When I bought this house, I was a shipping and receiving manager. Not big money at the time. But enough to afford a home in what is now a upper class naborhood. Crazy. And very sad.
You a good man
and your are surrounded by junkies and homelessness. Leave the country and get what you deserve.
do u support more housing development tho?
Thank you so much for sharing and all the best to you
Just more people with more money on limited land/space. Those who make less get crowded out. Simple math.
He wants a pool, jacuzzi, waterfall, big back yard, but if he's all in a 1.5 mil, he'll be so strapped that stress will eventually creep up on the marriage and could lead to a divorce. All those requests come with high maintenance cost, not worth the stress if you can't comfortably afford it.
And they don’t have kids yet either. That’ll do it for sure
Some folks don't want kids so don't think a pool & big back yard means they want kids because it could very well mean they want a big enough space to throw partys like 4th of July and etcetera or any get together at their home@@Dis2good
@@Dis2good So true.
They are young, something more modest build equity and then sell later and exchange for bigger house
He’ll be strapped because all those wants wouldn’t be just $1.5M. You’d need to be at around $2.5M to live that large in that area.
My father bought his house in San Jose for $65,000 in 1974 and it is now worth $1,500,000 (3-bedroom, 2-bathroom, 2 car garage) $65,000 in 1974 is the same as $435,656 in 2024 when adjusted for inflation. In 1983 he bought a new house in Fremont for $250,000 and it is now worth $1,900,000 (4-bedroom, 2-bathroom, 2 car garage) $250,000 in 1983 is the same as $740,123 in 2024 when adjusted for inflation.
the house across from mine just sold for $1.52M last Nov, the owner bought it for $80K in 1994.
I was born in 1983
I bought a home in Temecula California in 2019 for $350k with a 4% interest rate, today just 5 years later it is worth right around $650k
What was his salary during the home purchases? Can you also adjust salary for inflation?
Yeah, pay what you cannot afford because you demand amenities, then the bills come in and you get divorced.
“The American Dream” lol
The pharse "American Dream" was created in 1932 for whites by whites lmao 😂
This is a crime being perpetrated against Americans.
Greedy realtors are buying the homes and flipping them. Putting them back out on the market for 150k-200k profit.
is it them or the people willing to pay that price? all markets are controlled by the consumers
@timg2973 not when your options are limited buy greedy vendors.
😝😜😬😂🤣 You call that a profit ?? 150K?? If you profit 150K on a RE flip, you in the wrong mofo buiness! And FYI, 85% of realtors are poor. And more than 60% of them have never ever owned their own homes. Come Summer, it's going to be even more difficult for them to survive due to complete overhaul based on anti-trust lawsuit disposition/settlement.
Corporations too. Buying up to rent them at inflated rates. Kalifornia's pro-dead beat renter laws are making it impossible for a mom and pop to rent out a second home. You need the big bucks and resources of the corporations to make it work. Progressives once again destroying everything they touch.
Everyone loves capitalism until its time to pay
And all of this is deliberate. Higher priced homes mean higher property tax base!
its people bidding up the market. people want homes and they can afford it
@@timg2973 but why is there such a low inventory?
One obscure factor to the supply is that Home builders got smart and stopped "Releasing" too many homes to the market at once. They're only releasing so much at a time to keep demand up
@@strada624 If builders are creating artificial scarcity, who's to stop additional builders from supplying more houses? Something is making it difficult to build in this state.
@@tfustudiosbecause no one wants to sell or give up their 2.9% rates they have. 🎉
California has no incentive to help lower prices. The higher prices means more tax revenue
This is not an American Dream.
Live within your means bro
The Realtor can save her tears😂
The more you pay the more taxes you will have to pay. Your not winning your losing.
After he stresses himself out and makes a mistake she'll leave him and get the house lol 🤣
Not true because your tax stays the same while your property value increases
@@robertjamesonmusic huh? Your property tax goes up as your property value goes up.
@@DailyRants89it does but it's rarely the full assessed value
Well here’s the thing.. people are stupid enough to pay these prices. I own 3 bedroom, 2 bath home in CA… paid $350k 3 years ago. I know cost of homes have gone up but it’s because people agree to pay the ridiculous prices.
It’s because they have money to pay. A lot are still going for over asking 🎉
I know. It's like paying $50,000 for a car when you can go out and buy a $3,000 car. El Centro, Chico, Fresno, Visalia, Victorville, Wasco, Delano, Corcoran, they're all California on $350K level. California itself is a whole other country in US. It's huge, weather is different, people are different, pay scale, earning levels, education levels, everything is different in every County. Enjoy your forever $350K California. Those greater metropolitan area $1 mill California homes will see the appreciation upwards of 6-15% every year as home property values tend to rise minimum threefold of CPIs. There's a reason why some area homes are cheap and stay cheap for very very very longer term.
worth it for perfect weather and nice new area
It’s more so investment companies buying tons of properties way over asking price, pushing up the median prices. A lot of big earning clients from other countries transplant here as well since the price of the dollar dropped.
you got a steal where are you watts? lolol
There is no doubt that the home price is just crazy. However, my recommendation is to buy the house you can afford to pay and you see yourself to live there for 10 years. Don't worry about the school district, big pool, all the nice stuff. The sooner you get your first house, the sooner you will get your 2nd one. I got my first house at 25 by myself and purchased 2nd one with my wife at 35. Just keep in mind to go for the fixed interest loan, then you will be okay
Great advice
did you sell your first home or rent it out
@austinitel.2972 I rented it out. I bought it in 2007, the highest price before the housing market crashed. People thought I was crazy, but I kept telling them my primary residence was not an investment. Now, that house doubles the value. I rented it out, and cover all expenses and some extra.
Stop talking history. Those days have long been gone! You will never be able to add another house to your 1st house unless your income quadruples. Times have changed and this is not 2005-2010. If you missed the trough of RE crash in 2010, your hopes are slim especially for those Gen Zers and post millennials who frequented Starbucks all their lives. And NEVER mix business with your wife. Hope you had her quitclaim on the deed to your 1st house at least. Those two homes are now in the hands of your wife. Be very careful my old friend. Learn from the youngin with experience.
@YOOWINYOOWIN Greetings, I am sorry your perception of life is just too dark. My wife is a saver and she bought 2 houses before we met. I agree with you about GenZ spending unnecessary money. I am not saying it is easy to buy a house these days, but if someone can prioritize and determine. It is doable. My cousin just bought a house this year $650k, he saved all his money during his time at Marine Corp. Got a decent communication tech job after college. He is 28 years old, and I am proud of him.
buy what you can afford, not your dream home. Most people with dream homes are in their late 50s and the started small too
That is a very good observation
If you have big dreams you must have a bigger drive to accomplish those dreams. You must hustle hard to get what you want but it'll be at a cost sometimes it's a marriage, sometimes it's missing out on important occasions because you're working or dedicating yourself to something like a affording a million dollar home
This is why I moved out of the USA. I currently live in Spain and able to afford an apartment but I've got more purchasing power.
She is thinking "I married the wrong guy"
He is thinking "This is what I must pay to keep her.... in Tustin...."
Exactly … poor dude doesn’t know what’s in line for him … 😢
Y’all read a lot based off a 4 minute video
Bought my home is San Diego for $436,000 a little over three years ago. Now it's worth $700,000.
Pay that property tax
Yup, property tax is forever lol
1%, my house has gone up $500K in valued though, so I’ll gladly pay 1% on the original price I paid 😅
You never truly own a home.
Good. You guys enjoy that house. Total and complete ripoff.
Not a California problem, it's a national problem. Investors crowding the housing market because it's a safe investment as the gov prints money into oblivion.
All Bubbles eventually burst.
Not even an attached garage for $1million in CA
My home in Southern California in the Coachella Valley cost around 460k in 2019 and is now worth nearly 1.1 million. I need to figure out how? People are moving to the desert from larger cities and settling down here, increasing the cost of housing and everything is doubling up.
$450 for HOA is ridiculous on top of the mortgage. Wouldn't feel like a home with these fees & HOA rules. Don't buy. Keep saving & investing for the future. Live simply. 😊
My how cost about $295/year
Zillow and Redfin's algorithm are saying its a Million Dollar home but that 2010 Toyota sitting in the driveway is saying something else......
The experts were saying "it's crazy prices on houses" 20 years ago. The price was 50% lower or more at that time.
I've never heard any think they've "made it" based on their home value. Like, that's the goal in life. Yikes. I don't feel sorry for any of these people.
You can go ahead and thank vanguard and black rock for some of this. And the higher interest rates.
I remember when a million dollars cld be you a mansion and I’m a millennial.
How much was there home in Aliso Viejo? Tustin is only 15 miles north! Their buyers saying same thing about the Aliso Viejo home.
A lot of money is coming from overseas.
China
Show us. Where in overseas?? Did you actually see the inflow of funds from foreign countries?? Stop yapping out false facts. Unless large portion of inflow funds are from China, nobody will feel a thing. And China has stopped the outflow of their yuans for years now. It's hard to funnel money out of China. Call Xi Jinping and ask why.
A real nation does not allow that.
China is buying up the US! Not just California anymore either…..
@@gozardsmooth Unfortunately, money talks. People are shortsighted.
I came for the underachiever’s whiny comments. You did not disappoint.
My wife and I took a chance and moved to Oceanside in 1991 from Anaheim. We bought a 2300 sqft brand new home for $214,000. All our friends said we were crazy to move there because at the time Oceanside was known as a military town and gangs. Guess what?😁😁😁. Orange County is crazy high
Thats still low compared to where I live where a 1,080 sq ft home sold for $1.2M + last month. The houses here are from the early 60s. Crazy times indeed.
$450 HOA?!? Here in Las Vegas, I live in a 4,000 sq ft, 3 car garage, pool I bought two years ago for $695,000. The HOA is $220 a month (considered high in Las Vegas), and my neighborhood is GUARD-GATED, with a guard house!! My property taxes are $4,250 a year! now I just frequently make the drive to stay in Malibu for “getaways”.
yea except no one wants to live in Vegas
Dude, did you just move into LA? Home sales slowed in March because of Tax Season!
No, idiot! Home sales of existing homes really did slow and tumbled in the West due to interest rate creeping back up in the mid 7%. Did you just wake up from coma?? Be sure to keep track of 10 year treasury rate.
They are stupid if they go forward with their purchase. Why not live in an apartment for cheap and just save until you can actually afford a home?
Apartments aren’t cheap in LA and in that time of renting, the market will have inflated even more.
Can't even imagine the property tax on a 1m home.
We have a $2M home, cottage really, 1800 sf, 3/3 5500 sf lot, 1927 Spanish Revival and our property tax is ~$3000/year. Bought for $179k in 1996, prop 13 is a game changer.
@tpolerex7282 3k/yr property tax on a 2m home? Sounds like a great deal!
Prop 13 is only good if you bought the house years ago and the appraisal is being capped at a fraction of the current market value. If someone buys your 2 million dollar house now. Once it changes ownership it gets reassessed at 2 mill and the cap starts from there. You looking at 15k+ in taxes. While the tax percentage seems low, those homes are so overpriced that in the end it's still higher taxes than the average.
The sad news is that the price will continue to go up as the gov't prints and spends like a drunken sailor.
Stop! It’s the governments job to spend money. I bet you said nothing when Trump ran up an 8 trillion bill.
The interest rate is higher now than it has been the previous decade and a half, so the amount of money being printed has slowed own. And what exactly is the govt spending money on? And how does that effect home prices? Stop mimicking erroneous talking points.
does he know how to take care of a pool and yard maintenance?
They should stay where they’re at. Aliso Viejo is a very nice place too. Hang on to it!
So ridiculous a small house listed for 1 million nobody not even myself who has a good career and some good investments and no debt can't afford these prices
You got to move out of state to get what you want.
Totally see this in my neighborhood where houses are hitting a million plus.
Not worth, don't buy it. The only winning move is not to play, you can retire easily and live overseas with that money
I live in Santa Clara. My house is 1650sqft. Bought it for 1.27 in 2019. Have put in around $300K more on it. Value is around 2.2 now.
will anyone buy it for 2.2?
@@curiousobserver123 Yes, slightly smaller homes around me are going for 2. This 2.2 is redfin/zillow/realtor estimates. It's usually correct.
They clearly don't want the pool, high ceilings, etc... Prioritizing the zip code is dumb. Get what you want in the IE and wait 5 years for it to reach 1m. My mort is $2400 for +4,000sf and all the crap they claim to want... Why live in Tustin and eat ramen when you can live in Temecula and eat ribeye...
Yeah all those places they named are near the water. I'd rather spend my million in Upland
He's right...when I was a small kid 1 Million dollars meant a mansion..now..it's a house like mine which I was so fortunate to buy in 2008 in the I.E. Thank God
Blame the idiots buying these homes at the inflated prices as well.
You sound bitter.
for the love of God, don't strain your budget
First of all, if I were these couple. I would get the hell out of California.. I would leave because first and foremost quality of life and standard of living is most important. California might be a beautiful state, but standard of living is more important. If they move out to the midwest or south; they could get a 4000-5000 sqft house at least 6 bedrooms with high ceilings and 1 or 2 acres of land for $500k to $600k. Property tax would be about $2000k a year, but no HOA fees! And in this video… it was saying HOA fees are more than $400 a month.. That is about $5k a year. I remember back in the days in CA; my parents bought a 4000 sqft house in Newport beach, CA for about $100k ( This was in late 80’s). Now it is worth about $5 to $6 million. I inherited the property. I will sell soon to collect my golden paycheck; but you know damn good and well that I will be fleeing California faster than a Corsair; once I become an instant millionaire. Right now, I am living rent free with my girlfriends family and you damn right I am dumping her after I get my millions. ( Everything will be kept secret).
Me over here excited my first home has a backyard big enough to grow a patch of grass.
My old 1,200 sq ft house in Sacramento is valued at on Zillow for $515,000. That is insane...😮
Lived in Cerritos for 7 years, came back to Norwalk and I regret it. Thought I could save since Cerritos was just getting expensive
You sold your home in Cerritos? Regret it?
"You can't always get what you want" Rolling Stones.
idk man i just rent a room and live my best life in LA.
Would this story go well with one that asks why there are so many homeless? Why doesn't the media put one and one together?
There’s a solution for the buyer in the video, don’t buy 🤷🏿
Agree
Imagine living in a new 2100 sq ft house in california for 145k at with a mortgage of 600 a month. That was me in 2013. In the high desert. Now that price is tripled.
I used to live in Tustin I went to school there everything. When my dad sold my childhood home it was worth 900,000 something today that same house is worth a million dollars if my dad could have waited an another year or two to sell it.
Try Cleveland or Detroit
Free tents are available ⛺
This country’s housing cost will transition to like the housing cost of Hong Kong, Paris, New York, and other big metropolitan cities. The continuous printing of our dollar and debt increase will just make everything expensive forever. If the cost goes down, our economy will tumble. There’s too much population, the middle class people that worked hard has to work harder. The super rich ones will keep on buying properties/land, and the ones that don’t work hard will be joining the homeless population, including the overspending population living beyond their means. There will be no more cheap items in the future.
Yeah, don’t settle. Get what you want or move out of state.
What are the taxes totaling to on a townhouse from Tina tan?
Come to South Central by USC. Million Dollar homes 🤣🤣🤦🏽♂️💀
Yup. Even homes in Inglewood are $1M now.
Damn. A townhouse for almost $1 mil!
Homie, look at South orange county (Rancho Mission Viejo)if it is within your commute distance. Probably the last of the new builds before you hit Sand Diego county.
Negative friends of mine have been looking into that area for 2 years they get out bid at every turn
Don't do it. Better off buying a plot of land, getting a construction loan, and/or paying for the build yourself. These homes are overpriced for no good reason.
San Bernardino is million dollar city
It’s called an “unfair policy/ economic advantage” for older generations combined with “manufacturing scarcity” in housing/water/lumber etc to drive up prices artificially. Good Luck!
Simple question....are these people absolutely nuts????!!!
Simple economics, supply & demand, too much demand & not enough supply. But those with supply vote to keep supply low in order to keep their property values rising… 😒
Too much concentrated wealth in the hands of a few.
The state and county
Will laugh all the way to the bank just in property taxes .
The VRBO AND AIRBNB TOOK OUT HOMES FOR SALE.. But living in OC… isn’t worth the money
We go from feeling sorry for ourselves to feeling bad for millionaires.
I cant reconcile how a child like mind, rattling off house features and saying " its hard", etc. Has the money to afford this. If I dont hear what is they do, I come tonthe conclusion they inherited money
Simple answer. You are in one of the most expensive states in the country. Move to Alabama and $1Million will buy a 5 bedroom mansion.
I’m On my way! !!!!!
But where are those good paying jobs in Alabama??? Try those up and coming states like Arizona, Nevada, Texas. Where professional jobs are there too.
I hate to put it this way. The most redest states are the poorest. The bluest the richest.
Alabama has the highest poverty rate in America. I wonder why? 😂
@@rockyroad-hq7hzAlso, blue states are the most educated, fortunately.
Yea, but then you gotta live in ignorant redneck Alabama.
3bedrooms in any city a house 300 years old that’s what you get for a million dollars home
Move to another state. For a million dollar, you can buy two 500k home with big lots. Live in one, and rent the other one out for passive income.
South central, compton, whiitier youll find that
It’s sad to see those prices. But being all remote now, surely with 1 million dollars you could have your pool if you go to another state. I don’t understand the persistence of cooperating with those sellers who are inflating the prices.
$1 million is a lot of money here in Raleigh Durham, NC
Economics 101: Seller's and builders do not set the value of the home. Buyers do. Ya, it's just that simple.
Thanos was right.
Their property taxes on the townhouse will be over $11,000!!
Good thing I didn’t sell my OC condo before moving to Phoenix
Tustin??!!! A great city but older and there aren't too many desirable areas that's less than $2.0MM for single family homes!!!
It just means less cocaine use.
Come to riverside!!!!! Don’t chain yourself to that town home it’s not worth it.
They are probably thinking of the commute to the office.
Million dollars doesn’t buy you a lot in California since my house 🏡 in Cary, NC is worth about $775,000. You need at least $3.5 million in California.
Bro, go to Santa Ana.
It's still like 900k average there for like 1300 sq ft
Jordan Levin is the problem
Property taxes are the dumbest thing ever implemented 😅
the housing market is in a 40 year all time high. thats what i heard anyyways
Insane
Rising home prices is a very sensationalized news topic. If you choose to live in a highly desirable bustling area with lots of businesses and development then of course you will expect the properties and values to evolve similarly with time. I have also lived in rural places in upstate NY. Those prices barely increase every year, but you also feel like you are stuck in a time warp in an old dated city because nothing ever improves!!!
I’m just like every kind hearted hardworking person around me and I also want a huge home, with a huge lot, and a waterfall and pool, and a koi pond, and a tennis court, in a coastal region with nice weather and tons of people. But i want the house to be old average prices. YEAH RIGHT!!! 😂
Landlords: bout that time yall evolve