Only 16% of Californians Can Afford to Buy a Home

ironchef said:
Kind of misleading. The homeownership rate in CA is 55.3%, so adding 16% to it, ~70% can afford to buy.
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Your answer is complete nonsense. There is little inventory for sale because a 3% mortgage has to be replaced by a 8% mortgage.
 
In all honesty, why would ANYONE want to purchase a home in woke California today? Unless you're some BLM activist who wants to squatter.

There is not a single day where I don't see even more regression insanity of no law or order there due to defunding police and legalizing crime. Every damn day. Who honestly thinks living there is a 'progressive' thing?

Even the politicians have gone woke (or pretend to be for the votes).


 
The_Krakenite said:
In all honesty, why would ANYONE want to purchase a home in woke California today? Unless you're some BLM activist who wants to squatter.

There is not a single day where I don't see even more regression insanity of no law or order there due to defunding police and legalizing crime. Every damn day. Who honestly thinks living there is a 'progressive' thing?

Even the politicians have gone woke (or pretend to be for the votes).


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So you saying you are smarter than 40+ million people and their decision to live there?
 
zdreg said:
Your answer is complete nonsense. There is little inventory for sale because a 3% mortgage has to be replaced by a 8% mortgage.
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If you want t sell bad enough or need to sell, you drop the price. Higher rates could result in lower prices.
 
You are one those of people who has to have the last word.Obviously your statement is correct in an individual case but not generally for homeowners with low mortgage rates.
 
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