Houses are getting 20-50 offers and going for 10-20% over asking, which for many houses amounts to $100k.
We bought our home 2 years ago & it has appreciated about $200k. It’s a “normal” house.
Damn Californians gonna make it just like what they left.
Good for you though, I suppose. Not really considering all my former "neighbors" bring with them.
It just means you can’t afford the property taxes.... I want to say the prop tax rate is 5800$ per 100k value.... so in the gentleman’s example he’s now paying 12k more per year.... the average price for a house is 250k and the price went to 450k, this guy is paying 26k a year or 2 k per month to own your house.... not many incomes afford this! It’s complete BS
Although that seems extremely high for property taxes. 6-10k a year is high, even in CA.