Spanky
Thinks s/he gets paid by the post
Is it worthwhile to move from Midwest to Orange County, California (San Clemente) for a startup medical device company?
The pros are: potential rewards when the company issues IPO and nice weather.
The cons: expensive housing (a comparable house will be more than 2x value of my current home, possibly longer working hours). A 2,000 ft house is about $750K there.
Some people may consider buying a home in that area as an investment based on the premise that even though housing will be more expensive, you can usually recover the cost when you sell it based on the assumption that price will not decline in the Southern California area as demand should continue to rise at a reasonable pace. The appreciation rate of real estate is about 24% for last 5 years. I do not see this trend continues any longer. My concern is that the real estate price may plumet soon and may take a while to recover. What do you think? Is it a good investment or making a move to sunny California is a good thing?
The pros are: potential rewards when the company issues IPO and nice weather.
The cons: expensive housing (a comparable house will be more than 2x value of my current home, possibly longer working hours). A 2,000 ft house is about $750K there.
Some people may consider buying a home in that area as an investment based on the premise that even though housing will be more expensive, you can usually recover the cost when you sell it based on the assumption that price will not decline in the Southern California area as demand should continue to rise at a reasonable pace. The appreciation rate of real estate is about 24% for last 5 years. I do not see this trend continues any longer. My concern is that the real estate price may plumet soon and may take a while to recover. What do you think? Is it a good investment or making a move to sunny California is a good thing?