That’s great that the market is so strong there the builder throws in upgrades worth $50k and you didn’t have to pay to landscape your own property. Here I’m down and out California if you’re unlucky enough to be one of the few on the waiting list to get a house all they throw in is thanks for coming. And nice of you to omit the 4.2% unemployment rate here which is rapidly dropping. I did not omit the cost of my solar I said it was long since paid off which means that it has already paid for itself and is returning the equivalent of close to $4000 in savings every year.
EP your math skills are usually good also. But I’m going to have to correct something because you did not compound that return. If it was 20% over two years compounded twice it would now be worth over 800 which as you said it is not. It’s actually more like 15%.
While our markets are appreciating 30% so it’s not even close to what we are getting. If you had what we had you would be close to 950k. And our taxes are a very small price to pay for that appreciation. Over the last two years My average weekly appreciation has been more than my annual tax bill. My taxes are about 1/3rd of 1% of my current value due to prop 13.
Unlike Utah we are constantly birthing new unicorn tech companies and now even have them in small towns like Encinitas. The blue line on the trolley opened and ridership is soaring. They just opened 9 more miles of car pool lanes on the 5 freeway last week with more coming. Things are absolutely blossoming here and there looks to be no retreat in sight.
