[quote=FlyerInHi][quote=flyer][quote=FlyerInHi]People are putting their retirement into their houses.
When they need to access the money, they will need to sell. Not a bad deal if buyers continue to come.
That’s also why there’re not too many San Diego natives except for families who lived within their means. Over the years, I have seen many families move away. Kids grow up and move first.[/quote]
Don’t know any financial pro who would suggest that, unless you plan to leave CA, and no one we know (including us) is depending on the equity in our home(s) to fund our retirement.
True, if kids relocate, some may wish to join them elsewhere, but, other than that, imo, it’s not a good plan if you have to give up your dream home or sell to survive. If so, that may indicate you spent your life living beyond your means.[/quote]
You know, in Vegas, there are countless california “refugees”. They have nicer homes in Vegas but they would rather live in lesser homes in Cali if they could. The demographic changes speak for themselves as far as people selling and moving away.[/quote]
Am well aware of the demographic changes, but my point is that, it’s unfortunate if people are having to sell and move out of CA to survive financially, for whatever reason, and not by choice.
