Originally Posted by
av8or
As someone who lives and is from “flyover” country… trust me…. We are rooting for California. I’d love nothing better that to see our property values go back to normal and the West Coast flight reverse course.
It’s interesting to watch, looks like some areas that heated up during COVID (Boise, Austin) are cooling off.
I’ve owned property both in the middle and in coasts, but only the properties near the beach really appreciated and performed as an investment. The tax rules in certain states can really hurt longtime owners who “benefit” from rapid appreciation and see their property tax bill go up each year. So I’m sure many who aren’t selling are just hurt by rapidly spiking values. I hope your situation works out for you.