Family can't move into house they bought

[DaneMcCloud]

Originally Posted by rabblerouser

'm just saying, I want to see this 4 bedroom house worth $460,000.

Buddha ****, I'm sleeping in a 6 bedroom worth 2/3 of that...

In most cases, the real estate prices in California (outside of the $2+ million homes) aren't reflective of the quality or size of the home at all. You're paying for the "privilege" of living in California or in simple terms, the land.

My home is worth 2-3 times that of family that lives in Leawood but our home is nowhere near 2-3 times as nice or even "nicer" at all, nor do we have an HOA nor modern conveniences of those that live in that area.

I've never understood why people that don't need to live in California, live in California. There's a freaking surcharge for every aspect of life on top of the highest taxes in the union. And while sure, Disneyland and the beach are great, unless you can afford to live at the beach, it means nothing. The nearest beach is 45 minutes from my home and I'm lucky if I make it down there 4 times a year and many years, that number has been zero.

Originally Posted by Graystoke

Sellers market for sure. I recently put my Mom and Dads house on the market. It was in a great historic area, great lot on a Boulevard but needed ton of work. We listed it and there was 7 offers on the table within 5 days, all significantly above asking. We took the biggest offer obviously at 15K above asking. And no we didn't undervalue this property.
It blew my mind how quick it went. There is absolutely nothing that stays on the market long around here.

There are houses in my neighborhood and others that are going same-day for $100k over asking price. It's insanity right now because investors are looking to take advantage of these super-low interest rates before they disappear.

Originally Posted by Chief Pote

Never pay cash. Lots of alarms should have been going off on this one.

Cash deals are extremely common in California. I had a friend that was looking recently that lost out on more than a dozen homes that were $1+ million because buyers stepped in with cash.