Discussion in 'Black Money Business Jobs' started by panafrica, Aug 17, 2005.
Everything in Cali is over-priced. That's why I'm out of here in 2007. The average price of a house in Los Angeles is $450,000. These aren't even top-notch houses. These are everyday people houses. I don't know why people stay in Los Angeles, but I'm not going to be one of them. My dream is not to spend more than 50% of what I make just to keep a roof over my head and the utilities on.
New Jersey is just as bad. The cost of housing is going beyond the average American's ability to afford. That coupled with rising interest rates is going to eventually bring the cost of housing down.
The Predatory Lending monster is coming back!
when i moved from cali i was amazed at the low cost of living in the south. i mean i prefer the state of mind of california over the south but dam i can rent a nice pad for like $500 bones a month, or buy a decent crib for like $150 g's even cheaper than that. here in va $450,000 will land you three times that LA one level, no yard, ant infested, project by a different name house.
i do miss cali though.
Find a way to profit by either short selling or buying when the market collapses. Potential for profits there.
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