New Struggle For Those Trying to Escape California
For starters - I already have a home in NV. But, it's not big enough for my family and an elderly relative who needs to come with us. So...I've been shopping for a 4-bedroom home. You know what?...Can't find one. Everything in the region near my home in the Reno area is sold before it hits the market. Prices are climbing like crazy. My current home in the Reno area is going up $30K/month in market value. This is insane. There are two newer developments that I really like and both have sold out before they even break ground. These homes start at $750K. Now that the governor of California is going full-Nazi mode people are running like rats from a ship. My golf club...everybody is selling their memberships and leaving the state. These are comfortable, monied people that are running like the wind. In states where Californians flee to the real estate has gone ballistic. I'm watching all this unfold and I have to say it's surreal. It's like some bad dream. In all my years I've never seen it so tough to buy a house as what I'm seeing in little ole Nevada. This can't be sustainable. Something's gonna have to give, I think...maybe a massive economic collapse. That brings me to my next point...With the president talking about things like aliens and people wiping his butt the stock market has gotten very jittery. Very.
Enjoy the show, everybody...
Enjoy the show, everybody...
IMHO, this housing bubble seems different than the last one. I wonder if the increasing pockets of high housing prices and other prices is the gassing off of the free market liquidity as it boils from the approaching heat of Marxist hell. Hunker down. It's going to be a rough ride unless something happens to douse the flames.
I still have trouble with the red/blue color designations. Through most of my life red meant commie and blue meant freedom. Somewhere along the line this got switched. Oh well.