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Strategies & Market Trends : Rande Is . . . HOME
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To: Rande Is who wrote (49416)3/19/2001 5:24:31 PM
From: Starlight  Read Replies (2) of 57584
 
>>> we will see a mass exodus from California to any other state over the summer. <<< Not as easy as it sounds, though some may do it. For one thing, if you leave just for the summer, you still have to make mortgage payments, etc. on your home -- unless you sell it. But then if you want to come back, you'd have to buy again and that's a chore. There's a ONE PERCENT vacancy rate in rentals in San Diego, and rents are $1000 and up for a ONE bedroom. The newer places start at $1400. (See why I say you'd have to BUY?) Of course if the energy crisis continues, real estate here could drop like the stock market has if there's a mass exodus. That probably won't happen though -- our weather is too nice. (We don't even have air cond. in our bldg.)
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