Why is california so expensive?
the real estate is pretty expensive at hand
is there a purpose?
does it look like it will shift down anytime?
specifically im talking going on for the bay nouns and los angeles metro area because i am thinking to atten any ucla or uc berkley
Answers:
Greater Los Angeles and the San Francisco Bay Area are the most expensive metro areas surrounded by California. After New York City, those two are the 2nd and 3rd most expensive real estate market in the entire nation.
San Diego is still slightly more affordable (though not by much). And inland cities approaching Sacramento, Fresno, and Bakersfield are considerably cheaper.
Prices in "fashionable" neighborhoods close to Westside L.A. and Downtown San Francisco will remain astronomically high. Basically, if you're not a multi-millionaire, forget more or less Beverly Hills or Pacific Heights.
However, the outer suburbs and exurbs are currently overpriced. Those towns will take the brunt of any housing downturn. So, you own to look further away to find reasonably priced material estate (sometimes over one hour away from the city center).
1) Location
2) Supply and Demand
Anything close to university, shopping area, etc will be expensive. Also nice neighborhoods come at a price.
Supply and emergency is the other thing. If in that are a lot of nation that want to live in a unmistaken area next to not a lot of open out houses, then the prices will stir up. A lot of open houses beside small amount of buyers will make the prices lower.
Well prices have already dropped within the state. However it is still very expensive and course overpriced. The fact is is that homes within California are hard to vend these days because of the pries but also because society are starting to realize that California sucks and more people (such as myself) are disappearing. A lot of home builders are staring to give away cars beside the homes becasue no one is buying. California is only just beginning to be a place where on earth people dont want to live very soon. Los Angeles especialy. To much pollution, traffic, and fake general public. I left Cali once and I will never return!
A lot of infamous people live in attendance. It is also a historic site. Very famous.
Nope.
There are too many populace that want to live there for how frequent homes there are. The job there are well-mannered for people. The weather is better within than most other places. They don't have the humidity or how summers, freezing winters similar to other parts of the country have.
Big metro area, thaw out weather, lots of people want to live near.
But minimum wage is also higher, I believe.
Lots of relations, lots of high paying job, not enough houses for everyone.
California have employment, great climate, is the 8th most powerful entity in the world. It have a beautiful coastline, mountains, deserts, woodlands, and the "salad bowl" for the United States. (The San Joaquin Valley grows most of the salad vegetables contained by the U.S.)
Don't hold your breath until the prices of real estate go down in California.
There are masses desirable universities surrounded by California, and any rentals within a 20 mile radius of a university will be expensive. See if you can grasp into a dorm.
in good health california is a state where lots of ppl would close to to live. many reason are in california. hollywood, beverly hill, gold rush, mild weather, SF, LA, san diego, lots of things.
I enjoy only be in So CA for a couple of yrs and I can relate you what I think base on my observations. I think the horrendously overpaid entertainment industry have contributed to how expensive this area is.
As a example, Britney Spears pulls contained by about 700,000 dollars a MONTH.so if her house pymt is several thousand dollars a month or she could probably flat rate it off.I be determined jeez...then you'd solely have to verbs about taxes. With so much expenditible income...retailers and the resembling think the sky is the constrict when catering to this group. There seems to be no middle ground.
As far as housing...it is coming down, but it is still expensive compared to other areas.I suggest it will come down more, because I still see houses sitting unless they are priced right.
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