PebHmong Discussion Forum
General Category => General Discussion => Topic started by: lilly on April 28, 2021, 09:24:02 PM
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A measly 3 bed 2 bath 1250 sqft house in LA sold for $800K in 2008. Now, it is worth $1.8 million. That's a $1 million equity/gain/profit. Why don't CA home owners with million dollar equities cash out and sell, and move to cheaper areas? Maybe even retire? Are they staying put for their jobs? I would just quit my job, retire, and find a beach, if my house had $1 million in equity!
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A measley 3 bed 2 bath 1250 sqft house in LA sold for $800K in 2008. Now, it is worth $1.8 million. That's a $1 million equity/gain/profit. Why don't CA home owners with million dollar equities cash out and sell, and move to cheaper areas? Maybe even retire? Are they staying put for their jobs? I would just quit my job, retire, and find a beach, if my house had $1 million in equity!
Depends on the individual as reasons vary..could be they just like their neighborhood and the amenities that comes with it. Personally, I would rather live in an area that's higher cost with the amenities I want than "cheaper areas" that don't.
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Cheaper areas do not automatically equate to cheaper amenities or a lower quality of life. It could mean an area that has similar amenities but the cost of living is much less.
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To some it does especially those that have lived in both areas which is why they rather pay higher just for the amenities they want i.e., year round mild weather, low crime, entertainment outlets, etc.
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I guess. But to me, I just think it makes more sense to cash out and retire. Why keep paying for a mortgage (if there is still a mortgage) when there is such a high equity. I wouldn't want to do 9-5 anymore. I'd retire and go live on a beach, and do other things more meaningful. But again, that's me.
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True, everyone has their reason(s) and I'm sure many have done what you just described.
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A measley 3 bed 2 bath 1250 sqft house in LA sold for $800K in 2008. Now, it is worth $1.8 million. That's a $1 million equity/gain/profit. Why don't CA home owners with million dollar equities cash out and sell, and move to cheaper areas? Maybe even retire? Are they staying put for their jobs? I would just quit my job, retire, and find a beach, if my house had $1 million in equity!
that white man's game
that i've been preaching about since the beginning of time
(https://i.imgur.com/FSykMdf.jpg)
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YES Lilly and bring the million dollar right here to the midwest and live in a mansion.
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In California, you're within distance of:
1. Ocean
2. Lakes
3. Mountains
4. Valleys
5. Desert
6. Casinos (Las Vegas, Reno, Local casinos).
7. Innovations
8. Farming.
and nice weather plus..
... Lot of things going on that you won't find elsewhere.
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You forgot to mention the best worst air quality in the country.
Yeah, that too. ;D
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In California, you're within distance of:
1. Ocean
2. Lakes
3. Mountains
4. Valleys
5. Desert
6. Casinos (Las Vegas, Reno, Local casinos).
7. Innovations
8. Farming.
and nice weather plus..
... Lot of things going on that you won't find elsewhere.
Dude
I was fishing with my relatives in California
We spent all day looking for fish
It suck ball
There was hardly any fish
When we manage to land a fish
He was sooooo happy
Yes... one fish
There ton of fish here
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Dude
I was fishing with my relatives in California
We spent all day looking for fish
It suck ball
There was hardly any fish
When we manage to land a fish
He was sooooo happy
Yes... one fish
There ton of fish here
Like everything else, it's seasonal. You should try fishing during the mackerel runs. It's crazy fishing. I like to fish in the bay, although I don't keep them. Lots of leopard sharks, stripers and rays. Other than ocean fishing, you'll find mostly largemouths in the lakes. Some places do well with crappies and stripers, but largemouths are what everyone likes to fish for. It's true, lakes aren't as abundant as MN or WI.
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I don't know if you're being sarcastic or not but they shouldn't bring their million dollar to the midwest or anywhere else for that matter. Their money will drive up the cost of living for the locals who will then complain that their minimum wage can't afford them bread and butter who will soon be living in ghetto when the wealthier transplants starts gentrifying neighborhoods. Personally, the best thing they can do is invest their money or equity or whatever it is that rich people do. But what do I know...
but their money is already invested in the home and it's doing good, don't you agree?
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but their money is already invested in the home and it's doing good, don't you agree?
Yax
When us low income midwest come to California
And see your $4-5/ gallon gas price
And expensive food
It hurts the wallet
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(https://i.imgur.com/ll79WNC.jpg)
One of the main reasons why I’m staying put. You can’t manufacture this place anywhere else in the world even though I can work from home any where in the world. The weather hasn’t been particularly nice the last two summers but usually we have year round 60-80s local weathers. The picture above is of a school from here and not that it’s like that locally everywhere but at least my children grow up with people who who look similar to them. If they choose to stay, they’ll still have a place here where they were born.
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A measley 3 bed 2 bath 1250 sqft house in LA sold for $800K in 2008. Now, it is worth $1.8 million. That's a $1 million equity/gain/profit. Why don't CA home owners with million dollar equities cash out and sell, and move to cheaper areas? Maybe even retire? Are they staying put for their jobs? I would just quit my job, retire, and find a beach, if my house had $1 million in equity!
Let me see... I purchase my home about 10 years ago, when the housing market crashed for 200k. it is now worth over 3 times my purchased price. Yes, I could sale it and walk away with half a million in my pocket. However, I really can't get into another home in the same area for anything less than 750K. I think that's the dilemma most Californians are in.
As for retirement, and moving away, most are not ready, they are still young or is still in love with work or is still putting their kids thru college.... or some other factor. In addition, as crazy as it may seem, some really like living in California. They were born here and it's the only way of life they know. It's like being in a toxic relationship, you know you have to get out, but you're so entangled in it that it seems there's comfort in staying.
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Yax
When us low income midwest come to California
And see your $4-5/ gallon gas price
And expensive food
It hurts the wallet
My boss says the opposite. He's like, "yeah, it's expensive here, but when we travel to other states, everything's so cheap, it makes us feel like kings".
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While many of you call California home, those who choose to stay are idiots (simply put). Monkey see monkey do. Many millionaires/billionaires have relocated to various states because they're intelligent with their money. Those who choose to stay in California "think" they're intelligent with their money but they're not. GTFO of California is all I have to say if you know what's good for you.
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My boss says the opposite. He's like, "yeah, it's expensive here, but when we travel to other states, everything's so cheap, it makes us feel like kings".
Hahaha
Dude i come visit California
And everything is soooo expensive
I told my wife...
I rather starve
Good thing mcdonald $1 menu is NATIONWIDE
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While many of you call California home, those who choose to stay are idiots (simply put). Monkey see monkey do. Many millionaires/billionaires have relocated to various states because they're intelligent with their money. Those who choose to stay in California "think" they're intelligent with their money but they're not. GTFO of California is all I have to say if you know what's good for you.
Buy low, sell high
Don’t let your emotions get to you
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While many of you call California home, those who choose to stay are idiots (simply put). Monkey see monkey do. Many millionaires/billionaires have relocated to various states because they're intelligent with their money. Those who choose to stay in California "think" they're intelligent with their money but they're not. GTFO of California is all I have to say if you know what's good for you.
Monkeys see monkeys do, sounds like an idiot move to me alright. Some monkeys see millionaires/billionaires relocating to various states and follow, looks like sheep to me. Moved for your own reasons, stayed for your own reasons regardless of the state you live in. Calling 40 millions Californians idiots, someone forgot to take medication. ;D ;D
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Monkeys see monkeys do, sounds like an idiot move to me alright. Some monkeys see millionaires/billionaires relocating to various states and follow, looks like sheep to me. Moved for your own reasons, stayed for your own reasons regardless of the state you live in. Calling 40 millions Californians idiots, someone forgot to take medication. ;D ;D
You getting emotional, bro
This is REAL ESTATE!!!!!
ain’t no time for crybaby
If you can’t call the police to evict
And toss away people stuff
Don’t play this game
You gotta do what you gotta do
Its all about the money at the end $$$$$
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While many of you call California home, those who choose to stay are idiots (simply put). Monkey see monkey do. Many millionaires/billionaires have relocated to various states because they're intelligent with their money. Those who choose to stay in California "think" they're intelligent with their money but they're not. GTFO of California is all I have to say if you know what's good for you.
I don't think billionaires move out of california because of money. ;D In fact, I know of the guy who's worth a couple of hundred million and he chose to live in Fresno. I'm sure he has houses in other states too, but Fresno is where he likes to be. He used to be a professor for my strategic management class and he plays poker with me every now and then. But he loves Fresno. You can see him at Club 500, playing $15/$30 limit holdem. You'll never know he's rich, but he used to own Rug Doctor before he sold it for $150mil. ;)
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Like I said, those who choose to stay think that they're intelligent with money. The Hollywood spot lights has many of you star struck thinking you're richer than you really are. ;D
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A shit.ty state ran by a bunch of shitt.y liberals who think they know what's best for their citizens yet year after year while tax gouging the heck out of its residents the state gets worse and worse. As mentioned above, bunch of idiots from top down.
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A shit.ty state ran by a bunch of shitt.y liberals who think they know what's best for their citizens yet year after year while tax gouging the heck out of its residents the state gets worse and worse. As mentioned above, bunch of idiots from top down.
lol
you okay, bro?
starting to sound like them crazy ALT RIGHT
you are getting emotional there bud!
with your hatred toward your hmong liberal brother...
it don't matter who in office
we going play our game
it's all about the money $$$ at the end of the day
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Inspite of what the Alt-right tells people, California has a lot of Republicans too. Most of the central valley up to northern Cal are farm lands owned by farmers who are strictly Republicans. Democrats are mostly in the more advance cities like SF and LA.
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Inspite of what the Alt-right tells people, California has a lot of Republicans too. Most of the central valley up to northing Cal are farm lands owned by farmers who are strictly Republicans. Democrats are mostly in the more advance cities like SF and LA.
Just take a look at the candidates looking to run against Newsome :o
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Just take a look at the candidates looking to run against Newsome :o
The celebrity that got a total transformation a while back, that one?
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The celebrity that got a total transformation a while back, that one?
The former porn star, the tech CEO, billboard "star"...the list goes on.
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While many of you call California home, those who choose to stay are idiots (simply put).
"idiots" are those that continue to do and participate in something they claimed it "sucks".. :idiot2:
PH sucks
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Monkeys see monkeys do, sounds like an idiot move to me alright. Some monkeys see millionaires/billionaires relocating to various states and follow, looks like sheep to me. Moved for your own reasons, stayed for your own reasons regardless of the state you live in. Calling 40 millions Californians idiots, someone forgot to take medication. ;D ;D
The narrow minded ignorant "idiots" won't understand the "reasons" point you brought up as they don't get out much... ;D
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Dude
I was fishing with my relatives in California
We spent all day looking for fish
It suck ball
There was hardly any fish
When we manage to land a fish
He was sooooo happy
Yes... one fish
There ton of fish here
Another LIE to cover up lack of fishing skill and being trapped in a basement in WI dreaming about it is not exactly "fishing" in CA...
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Interesting. I would think that parents would want their children to attend diverse schools in order to help expand their world view given the complexities we're living in.
Easier said then done. Let me know a public school system where there is a similar weight of all colors. Across America, majority is white where there are specks of majority of minorities. Your children go to school where you lived, simple as that. I’m ok living among other Asians as I’ve found more peace the last 25 years.
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Easier said then done. Let me know a public school system where there is a similar weight of all colors. Across America, majority is white where there are specks of majority of minorities. Your children go to school where you lived, simple as that. I’m ok living among other Asians as I’ve found more peace the last 25 years.
lol
i thought public school is base on your zip code and city zoning
live one block away... your kid go to ghetto underfund school
hahahha
sucky