Quote:
Originally Posted by old guy
It would absolutely drive me insane if I lived in Cali., paid rent every month for decades and never built up any equity! For most all Americans the bulk of their wealth is built up through real estate, and in SoCal the government, through regulation and taxation, you are screwed out of acumalation of wealth in this fashion  of there |
I got a brick ranch. 2,000sqft 4 BR, 2 bath, full 2,000sqft basement. Sitting on a 80x120 ft corner lot, built in 1956. Taxes on it is $2,300 year. Paid $112,000 in 2004. Last I checked. The value was just over $200,000. Best part. No HOA.
Do WHAT EVER I want.
