CA home owners with million dollar equities should cash out

[Kong Vang]

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.

[YAX]

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".

[one-tai]

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.

[hmgROCK]

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

[hmgROCK]

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

[Cali Guy]

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. 

[hmgROCK]

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. 

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 $$$$$

[YAX]

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.    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.

[one-tai]

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. 

[one-tai]

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.

[hmgROCK]

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

[YAX]

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.

[lexicon]

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 

[Dok_Champa]

Just take a look at the candidates looking to run against Newsome 

The celebrity that got a total transformation a while back, that one?

[lexicon]

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.