Get out of California as it's too far gone to save. And be thankful you are not in SF as they are predicting a plague outbreak due to all the homeless shitting in the streets and nobody cleaning it up and rats all over. We had a conference in SF 3 months ago and I was horrified what such a beautiful city I remember 15 years ago has become.My wife and I live in the greater LA area, she is in her late 20s and I am 30. We want to have our first kid soon but we are choosing not to until we own a house. We currently live in a house (rent) and the landlord is not going to renew our lease because he wants to sell the house.
Long story short we have offered on 5 homes and looked at 52. They are all absurdly overpriced, but we always offer over asking price and over comps estimates. We can't seem to snatch a house, the probabilities seem so low it is ridiculous. The worst part is that we are taking an aggressive approach and looking at houses way below or budget and offering aggressive amounts for them.
We both work super hard and have a combined income of almost $300,000 a year. I am sick and tired of this fuck!ng state taxing the hell out of us, and with our income which is considered way above the median here we can't even buy a damn residence. Leasing wasn't easy either, at all. I am so sick of this place, maybe it used to be a little more livable before but this place is falling apart. If you are not a hollywood star or some millionaire don't come here.
Sorry, I had to vent somewhere after I learned today we missed another house that according to our agent we had a chance of getting. The house needed 100k of work and sold for over a million dollars...... Oh, and whoever bought it paid cash. It was some shitty 2 bedroom, 1 bath. 1,300 sqft bungalow on a 6500 sqft lot.
Owning a home in this socialist state is becoming only possible for the highest elites and privileged. And it keeps getting worst every month. Unless you want to live in a place that burns every year and have over an hr commute to work in traffic.