Why housing is so expensive in California

[Thinker101]

Watching that show I am amazed at the real estate prices in some areas.
These people believe they are getting a deal buying a 50+ year old houses under 1500sq ft for 500k to a million.
That would buy you a 5000sq ft mansion where I live. With some acreage to boot.

Glad I live where my mortgage doesn't suffocate me.

The house in question sold for almost $500,000, and it was only 1600 sq ft.

Wow.
Here is an example right in my area.
https://www.zillow.com/homedetails/21231-Rum-River-Blvd-Oak-Grove-MN-55303/58762755_zpid/

Yeah, that's not what you get in California for $515,000.

Do a search on Zillow for the city of Anaheim CA. The lowest price I saw was $485K for a 1000 sq ft townhome. They wanted $649K for a reasonable looking 1929 sq ft ranch.

i lived in Anaheim Bri.....in 1985 we bought a 4 plex by Disneyland in a fairly nice neighborhood for $82,000....sold it 3 years ago for 820 thousand!....moved and bought a 16 year old 3 bed 2 bath,attached 2 car garage with a decent sized walled back yard,dual pained windows for 155,000 in a much better area....in California this house would be a 3-4 hundred thousand dollar house in a half assed neighborhood.....

First house I bought for $87,000 (850 sq. ft., 2 bd, in Lakewood), 15 years later sold it for $200,000...1 year after that houses in that neighborhood were going for $500,000. That was years ago.

 

[Harry Dresden]

Wrong, assshole. The price of real estate in Florida is less than half of what it is in California. The average price of a condo in Tokyo Japan is less than half of what it is in California. California homes are expensive because of leftwing government regulations.

California is a more desirable place to live than Florida. Simple supply and demand. Are leftwing regulations forcing people to buy homes in California? Of course not. People want to live there.

Why a lot of people are moving out of California

The article explains that home prices are too high for some people because real estate in California is very desirable. Supply and demand. If the demand wasn't there the housing market would be a wreck. It isn't.

Kinda skipped over the part saying more people moved out than moved in didntcha sparky.

You are bullchit. Cali economy and population growth is on the up. It generates enough federal taxes to balance and subside the red states who need government aid in the first place.

population growth is up....a main reason many are leaving.....to congested...

 

[Harry Dresden]

Lots of bs in thread, here is the real reason real estate is expensive in California:

It is a desirable place to live.

Wrong, assshole. The price of real estate in Florida is less than half of what it is in California. The average price of a condo in Tokyo Japan is less than half of what it is in California. California homes are expensive because of leftwing government regulations.

Supply and demand sweet heart. I dont think you been to Tokyo. Its extremely expensive and wages are low. They mostly rent and the size of the houses are extremely small.

California is a highly desirable area because of: good economy (work opportunities), good weather, good hospitals, good schools, ect....

You are just jealous and hating.

SOME good schools.....in the 60's and 70's their HS were top 5,now bottom 10....what happened?...some good hospitals.....were i lived 2 Hospitals were considered very sub-par by the para medics in the area....3 others fairly good....UCI Med Center good Hospital....

 

[Harry Dresden]

I’m building a house right now in Florida. We just broke ground a few weeks ago. The second day, my builder found a gopher tortoise. It’s a protected species. I had to get a permit and a licensed turtle moving professional to move it. It cost me $4000 to move that thing a couple hundred yards and a week’s delay. It shouldn’t cost that much, and I don’t know why I need a licensed guy to move it.

toro you should have just put the thing in your car and drove to a nice wooded area and let it go....

 

[Harry Dresden]

Unlike Gooberville in the middle of nowhere, California is actually a desirable place to live.

Hence the high property values.

Economics 101.

even in El Centro?....

 

[Harry Dresden]

Lots of bs in thread, here is the real reason real estate is expensive in California:

It is a desirable place to live.

Wrong, assshole. The price of real estate in Florida is less than half of what it is in California. The average price of a condo in Tokyo Japan is less than half of what it is in California. California homes are expensive because of leftwing government regulations.

Supply and demand sweet heart. I dont think you been to Tokyo. Its extremely expensive and wages are low. They mostly rent and the size of the houses are extremely small.

California is a highly desirable area because of: good economy (work opportunities), good weather, good hospitals, good schools, ect....

You are just jealous and hating.

I just refered you to a site that shows housing is half the price that you pay in California. I watched an hour long video about the price of housing in Tokyo.

The bottom line is that California sucks, and it's all due to the leftwing government. The schools in California are the worst. They are ranked 49th in quality. The hospitals are no better than anywhere else. The weather has nothing to do with the government. The economy is good only because Silicon valley is located there. That's purely an historical accident that occured before the left took over the state.

You just stated your hate and no facts. When I was planning to move to the US it was known to most that one should move to a blue state or area...because of the opportunities, the universities and most importantly the people are open minded. It's a known fact that red areas generally are poor regressive and less accepting.

My wife was born in here in late 60s and she is practically the only one I know that was born here. Most caucasian Americans I met or I know migrated from mostly red states for better life.
In our area the average property tax is 30k a year now that's a salary. But keep in my mind people have a better life quality. We have a year pass to the best amusement parks that are only few minutes drive, we have ski resorts within a short drive and we have the beach within few feet. And my kids school celebrates the end of ramadan and diwali...and we never come across bigots...now tell me what red state or area that offer all of this ?

and we never come across bigots...
thats because they wont tell you to your face what they think of you....

 

[KissMy]

There is no housing shortage! I own 6 myself. I see homes for sale every day! Republicans punish workers with low pay & drive prices with deficit spending so workers can't afford houses.

Nearly all building code regulations are from REPUBLICANS to keep undesirables out of their neighborhood.

 

[Thinker101]

California is a more desirable place to live than Florida. Simple supply and demand. Are leftwing regulations forcing people to buy homes in California? Of course not. People want to live there.

Why a lot of people are moving out of California

The article explains that home prices are too high for some people because real estate in California is very desirable. Supply and demand. If the demand wasn't there the housing market would be a wreck. It isn't.

Kinda skipped over the part saying more people moved out than moved in didntcha sparky.

You are bullchit. Cali economy and population growth is on the up. It generates enough federal taxes to balance and subside the red states who need government aid in the first place.

population growth is up....a main reason many are leaving.....to congested...

Population growth is up...only problem is most of them are illegals.

 

[Harry Dresden]

Simple, everyone wants to live there and there isn't enough housing.

there is plenty of housing just not everyone can afford to buy or even rent,unless you want to live in the out of the way areas....and even some of those areas are going up.... ....

 

[Harry Dresden]

The house in question sold for almost $500,000, and it was only 1600 sq ft.

Wow.
Here is an example right in my area.
https://www.zillow.com/homedetails/21231-Rum-River-Blvd-Oak-Grove-MN-55303/58762755_zpid/

Yeah, that's not what you get in California for $515,000.

Do a search on Zillow for the city of Anaheim CA. The lowest price I saw was $485K for a 1000 sq ft townhome. They wanted $649K for a reasonable looking 1929 sq ft ranch.

i lived in Anaheim Bri.....in 1985 we bought a 4 plex by Disneyland in a fairly nice neighborhood for $82,000....sold it 3 years ago for 820 thousand!....moved and bought a 16 year old 3 bed 2 bath,attached 2 car garage with a decent sized walled back yard,dual pained windows for 155,000 in a much better area....in California this house would be a 3-4 hundred thousand dollar house in a half assed neighborhood.....

First house I bought for $87,000 (850 sq. ft., 2 bd, in Lakewood), 15 years later sold it for $200,000...1 year after that houses in that neighborhood were going for $500,000. That was years ago.

Lakewood....been there a few times....

 

[Claudette]

I like to watch the show "Flip or Flop" where a California couple makes a fortune buying delapidated houses and turning them into gems. On one show they wanted to redo the front yard of the home by installing sod. Their contractactor told them if they wanted to install sod, the newly updated local building code required them to install a drip irrigation system. Fixing the existing system wasn't allowed. They also had to cut down all the large trees on the property and replace them with mature trees. "Mature" means trees costing hundreds or even thousands of dollars. The total cost was estimated at $20,000

That's the way your local government promotes affordable housing!

The governent is here to help you. There's no such thing as bad regulations, right snowflakes?

Weekend before last the Wall Street Journal ran an interesting article on why homes are so expensive in California and why homelessness is such a huge problem. It seems that any squatter whop occupies a house or apartment, whether they sneak in at night during construction or sign a rent agreement and never pay, has a state supported lawyer. The State of California provides free lawyers to any squatter all the way up to the state Supreme Court. Homeowners and landlords are quickly bankrupted out of their property by their own tax dollars being used against them.
According to the author the going rate for a homeowner to rid himself of a squatter is about 20,000.00 which the state extorts and hands over to the squatter in exchange for leaving. The author, a lawyer, was involved in a case wherein the lady squatting was receiving her 3rd 20,000 payment of the year and had bankrupted a Mexican man who bought a small bungalow to provide an income for his daughter to attend college. He had to give up the bungalow.
The socialists not only destroyed another dream but ensured that the daughter will have to take out loans all the while funding their squatting voter.

Shit. No wonder no one can afford to live in that State.

 

[Harry Dresden]

There is no housing shortage! I own 6 myself. I see homes for sale every day! Republicans punish workers with low pay & drive prices with deficit spending so workers can't afford houses.

Nearly all building code regulations are from REPUBLICANS to keep undesirables out of their neighborhood.

in another thread the poster was saying building code regulations are from democrats for safety reasons because republicans dont care about safety....and like democrats dont do what they have to do to keep undesirables out of their neighborhoods....and how do building houses to earthquake standards or having to have smoke alarms keep undesirables out of the area?....

 

[KissMy]

I’m building a house right now in Florida. We just broke ground a few weeks ago. The second day, my builder found a gopher tortoise. It’s a protected species. I had to get a permit and a licensed turtle moving professional to move it. It cost me $4000 to move that thing a couple hundred yards and a week’s delay. It shouldn’t cost that much, and I don’t know why I need a licensed guy to move it.

It's funny I have a friend in Florida who works for that department. He recently built a big house & discovered the wetlands come up to his back door. He somehow managed to get a big patio & pool built out into that area. Then he showed me where he was illegally slowly removing brush & trees from the edge of the pond / lake near his house for a better view, fishing & swimming. Then he kept mowing further out increasing his yard out into the wetlands built an illegal fire pit patio out in the wetlands yard between him & pond.

We all told him he is a major hypocrite, but he says he don't agree with the policies, but just works there for the paycheck. Someday he is going to get busted & it won't be good if he loses his job with that huge mortgage payment he has..

 

[OnePercenter]

Unlike Gooberville in the middle of nowhere, California is actually a desirable place to live.

Hence the high property values.

Economics 101.

No doubt California is nice, the scenery and weather is great. Having the highest income taxes, highest state sales tax, highest gas tax, highest homeless population...not so great.

Highest income tax. Yes.
Highest sales tax is Tennessee.
Highest gas tax is Pennsylvania.
Highest homeless population is New York City.

As usual you're 25% right.

WTF, another dyslectic liberal.
Which State Has the Lowest Sales Tax in the U.S.?
Highest gas tax is Pennsylvania...oops.
New York City, well is a city not a state, for future reference you may want to look that up.
10 Most Homeless States in America

Did you mean to write "dyslexic?"

Highest sales tax is Tennessee. 9.75%

California has the third highest rate nationally with 34 in every 10,000 people in the state experiencing homelessness.

Two states are worse off: New York and Hawaii.

Has California’s homeless population ‘skyrocketed’?

Fuck crazy Cali, We should let Mexico take urban crazy Cali

Then who would fund the red taker States?

 

[OnePercenter]

Unlike Gooberville in the middle of nowhere, California is actually a desirable place to live.

Hence the high property values.

Economics 101.

No doubt California is nice, the scenery and weather is great. Having the highest income taxes, highest state sales tax, highest gas tax, highest homeless population...not so great.

Highest income tax. Yes.
Highest sales tax is Tennessee.
Highest gas tax is Pennsylvania.
Highest homeless population is New York City.

As usual you're 25% right.

WTF, another dyslectic liberal.
Which State Has the Lowest Sales Tax in the U.S.?
Highest gas tax is Pennsylvania...oops.
New York City, well is a city not a state, for future reference you may want to look that up.
10 Most Homeless States in America

Did you mean to write "dyslexic?"

Highest sales tax is Tennessee. 9.75%

California has the third highest rate nationally with 34 in every 10,000 people in the state experiencing homelessness.

Two states are worse off: New York and Hawaii.

Has California’s homeless population ‘skyrocketed’?

Yup, I did, thanks.
So now you're 25% correct.

Admit your wrong and get on with it!

 

[OnePercenter]

One reason that housing is cheap in Tokyo is that fact that you can build on any size lot. If you have a 300 sq ft triangle shaped lot, you can build on it right up to the sidewalk, and many people do. There are no minimum sizes for bedrooms, kitchens or living rooms. In California there are all kinds of regulations saying you can't build within 10 feet of the property line, and so many feet from the road. You can't have more than two stories. and yada, yada, yada. There are also vast tracts of land that have been declared "open space" or "nature reserve" where nothing can be built. All these regulations drastically reduces the supply of buildable land.

Steve Jobs bought a 14 room mansion in 1984 and hated the design. it took him until like 2011 to tear it down because, again, "advocates" tied him up in court. His own house! He got it torn down finally after years of legal battles but died before he could build the house he wanted on the lot.

What was the legal position of the "advocates?"

Preservationists. They claimed the house was historical. (If that answers the question?)

It was historical. It was also in a historical district.

If you don't like historical architecture, don't buy in a historical district!
Same with airports, freeways, chemical plants, the beach.

 

[OnePercenter]

Watching that show I am amazed at the real estate prices in some areas.
These people believe they are getting a deal buying a 50+ year old houses under 1500sq ft for 500k to a million.
That would buy you a 5000sq ft mansion where I live. With some acreage to boot.

Glad I live where my mortgage doesn't suffocate me.

The house in question sold for almost $500,000, and it was only 1600 sq ft.

Hey, $500,000 for 1600 sq ft, must have been an old show. That property should bring in somewhere near $650,000 unless it was a crap neighborhood or somewhere near Bakersfield/Fresno.

houses like that sold for 3-4 hundred thousand in Garden Grove when i lived in OC....and these things were built in the 50's and 60's....look at this one.....and this is a run down old area.....

• 1. California
  2. Garden Grove
  3. 92843
  4. 11391 Woodbury Road

• 
• 
  
  
  
• 

11391 Woodbury Rd,Garden Grove, CA 92843
3 beds 2 baths 1,274 sqft
FOR SALE
$549,000
Zestimate®: $574,160
EST. MORTGAGE
$2,213/mo
Get pre-qualified
Single story Pool home in Garden Grove. Three Bedrooms, Two Baths, large front yard. Newer Windows. Roll-up garage door.
Facts and Features

Type

Single Family
Year Built...1955
Attached Garage


7,274 sqft



Price/sqft $431


26
INTERIOR FEATURES
Bedrooms

• Beds: 3

Other Rooms

• RoomType: Main Floor Bedroom, Kitchen

Heating and Cooling

• Heating: Wall
• Heating: Gas
• Cooling: None
• Cooling: See Remarks
• Heating: See Remarks

Appliances

• Appliances included: Dishwasher, Range / Oven

Flooring

• Floor size: 1,274 sqft
• Flooring: Concrete

Other Interior Features

• Vaulted Ceiling
• Ceiling Fan
• Room count: 7

BUILDING
Size

• Levels: One
• ElevationUnits: Feet

Other Building Features

• CommonWalls: No Common Walls

SPACES AND AMENITIES
Size

• Unit count: 1

Spaces

• Pool

CONSTRUCTION
Type and Style

• Structure type: Other
• Single Family
• PropertyType: Residential

Materials

• Roof type: Composition
• Exterior material: Shingle, Stucco, Wood products
• Double Pane/Storm Windows
• ConstructionMaterials: Stucco, Wood Siding

Dates

• Last remodel year: 1955
• Built in 1955
• YearBuiltSource: Assessor

Other Construction Features

• Stories: 1

EXTERIOR FEATURES
Water

• Pool

Lot

• Lot: 7,274 sqft
• LotFeatures: Back Yard, Front Yard
• LotSizeSource: Assessor

Other Exterior Features

• Unit floor #: 1
• Parcel #: 10040217

COMMUNITY AND NEIGHBORHOOD
Location

• StateOrProvince: CA
• CountyOrParish: Orange
• StreetSuffix: Road
• City: Garden Grove
• Country: US

Schools

• Elementary school: Woodbury
• Middle school: Irvine
• High school: Bolsa Grande
• School district: Garden Grove Unified
• HighSchoolDistrict: Garden Grove Unified

Community Features

• CommunityFeatures: Suburban, Curbs

Transportation

• RoadFrontageType: City Street

PARKING

• Parking: Attached Garage, 300 sqft garage
• ParkingFeatures: Garage, Driveway

UTILITIES

• Cable Ready
• Electric: Standard
• WaterSource: Public
• Utilities: Water Connected, Sewer Connected

It's also 20 minutes from the beach, and in the winter you have to deal with the frigid 60's.

 

[Harry Dresden]

Watching that show I am amazed at the real estate prices in some areas.
These people believe they are getting a deal buying a 50+ year old houses under 1500sq ft for 500k to a million.
That would buy you a 5000sq ft mansion where I live. With some acreage to boot.

Glad I live where my mortgage doesn't suffocate me.

The house in question sold for almost $500,000, and it was only 1600 sq ft.

Hey, $500,000 for 1600 sq ft, must have been an old show. That property should bring in somewhere near $650,000 unless it was a crap neighborhood or somewhere near Bakersfield/Fresno.

houses like that sold for 3-4 hundred thousand in Garden Grove when i lived in OC....and these things were built in the 50's and 60's....look at this one.....and this is a run down old area.....

• 1. California
  2. Garden Grove
  3. 92843
  4. 11391 Woodbury Road

• 
• 
  
  
  
• 

11391 Woodbury Rd,Garden Grove, CA 92843
3 beds 2 baths 1,274 sqft
FOR SALE
$549,000
Zestimate®: $574,160
EST. MORTGAGE
$2,213/mo
Get pre-qualified
Single story Pool home in Garden Grove. Three Bedrooms, Two Baths, large front yard. Newer Windows. Roll-up garage door.
Facts and Features

Type

Single Family
Year Built...1955
Attached Garage


7,274 sqft



Price/sqft $431


26
INTERIOR FEATURES
Bedrooms

• Beds: 3

Other Rooms

• RoomType: Main Floor Bedroom, Kitchen

Heating and Cooling

• Heating: Wall
• Heating: Gas
• Cooling: None
• Cooling: See Remarks
• Heating: See Remarks

Appliances

• Appliances included: Dishwasher, Range / Oven

Flooring

• Floor size: 1,274 sqft
• Flooring: Concrete

Other Interior Features

• Vaulted Ceiling
• Ceiling Fan
• Room count: 7

BUILDING
Size

• Levels: One
• ElevationUnits: Feet

Other Building Features

• CommonWalls: No Common Walls

SPACES AND AMENITIES
Size

• Unit count: 1

Spaces

• Pool

CONSTRUCTION
Type and Style

• Structure type: Other
• Single Family
• PropertyType: Residential

Materials

• Roof type: Composition
• Exterior material: Shingle, Stucco, Wood products
• Double Pane/Storm Windows
• ConstructionMaterials: Stucco, Wood Siding

Dates

• Last remodel year: 1955
• Built in 1955
• YearBuiltSource: Assessor

Other Construction Features

• Stories: 1

EXTERIOR FEATURES
Water

• Pool

Lot

• Lot: 7,274 sqft
• LotFeatures: Back Yard, Front Yard
• LotSizeSource: Assessor

Other Exterior Features

• Unit floor #: 1
• Parcel #: 10040217

COMMUNITY AND NEIGHBORHOOD
Location

• StateOrProvince: CA
• CountyOrParish: Orange
• StreetSuffix: Road
• City: Garden Grove
• Country: US

Schools

• Elementary school: Woodbury
• Middle school: Irvine
• High school: Bolsa Grande
• School district: Garden Grove Unified
• HighSchoolDistrict: Garden Grove Unified

Community Features

• CommunityFeatures: Suburban, Curbs

Transportation

• RoadFrontageType: City Street

PARKING

• Parking: Attached Garage, 300 sqft garage
• ParkingFeatures: Garage, Driveway

UTILITIES

• Cable Ready
• Electric: Standard
• WaterSource: Public
• Utilities: Water Connected, Sewer Connected

It's also 20 minutes from the beach, and in the winter you have to deal with the frigid 60's.

thats your answer?....i bet you would not live there....

 

[Issa]

Supply and demand sweet heart. I dont think you been to Tokyo. Its extremely expensive and wages are low. They mostly rent and the size of the houses are extremely small.

California is a highly desirable area because of: good economy (work opportunities), good weather, good hospitals, good schools, ect....

You are just jealous and hating.

I just refered you to a site that shows housing is half the price that you pay in California. I watched an hour long video about the price of housing in Tokyo.

The bottom line is that California sucks, and it's all due to the leftwing government. The schools in California are the worst. They are ranked 49th in quality. The hospitals are no better than anywhere else. The weather has nothing to do with the government. The economy is good only because Silicon valley is located there. That's purely an historical accident that occured before the left took over the state.

You just stated your hate and no facts. When I was planning to move to the US it was known to most that one should move to a blue state or area...because of the opportunities, the universities and most importantly the people are open minded. It's a known fact that red areas generally are poor regressive and less accepting.

My wife was born in here in late 60s and she is practically the only one I know that was born here. Most caucasian Americans I met or I know migrated from mostly red states for better life.
In our area the average property tax is 30k a year now that's a salary. But keep in my mind people have a better life quality. We have a year pass to the best amusement parks that are only few minutes drive, we have ski resorts within a short drive and we have the beach within few feet. And my kids school celebrates the end of ramadan and diwali...and we never come across bigots...now tell me what red state or area that offer all of this ?

Where exactly do you live with 30k/yr property tax?

Santa monica...some neighbors pay 60k and more.

Sure, for a $5M property.

Want a shock? Look at property tax cost for a $5M property in Dallas, TX.

Oh red city ina red state has more property taxes than in an ultra blue city ?
So the trump sheep are just lying like their leader?

 

[Issa]

Texas apart from Austin it sucks, and very humid.

Please stay in Cali...

We sending you more of us to turn Texas blue...just be patient please.

We know. fix your shit

We are fixed we need to help you join the 21st century.