I pay $3.55 a gal for gas this week how about you?
My 1947 2 bed 1 bath house could sell for $300,000! Or more
We were looking at houses on the computer for way cheaper in Georgia,North Carolina,Alabama,South Carolina. We are getting ripped off in California.
$3.35 in Southern Oregon.
Metaladdict I totally feel for you. I just moved here from Southern California.. Housing prices are ridiculous.
BUT
If you do it right it will work in your favor.
I bought my house in So Cal in 2003 for 500k and sold it in 2017 for 900+k
took my 400k in Equity and bought my house here for pretty much cash..
Great house, great area, 5 acres and loving it.
I approached real estate like this..
Real Estate pretty much goes up a certain percentage every year. so buy a much, and as big as you can possibly afford.
so say a house purchased for 300k goes up 100 percent in 10 years, that's 300,000 profit,
say you bought a 500,000 house same situation.. then that's 500k profit.
the extra 200k Makes a huge difference.
bottom line, get in in So Cal and Get out to somewhere else.. although I do really miss So Cal