Unless you’ve been living under a rock, you probably know about the extremely tough housing market. Thanks to a variety of factors (mostly COVID), the cost of houses over the last year has risen exponentially. It’s a bad time to want to buy a house—and it’s a very bad time to buy a house for the first time.
One of the reasons costs are so high is because thousands of people are fleeing blue states for more affordable, less toxic, conservative-run states. But the demand is outpacing the supply, leading to dramatically expensive homes. If you are able to sell an old house, you’ll probably do fine. But if you’ve never bought a house before, you’re in for a wild ride.
Even still, homes in places like Texas and Arizona are relatively cheap. Conservative policies like low taxes and less regulation make Republican states affordable (even during the Bidenflation).
Where’s the worst places to buy a house right now? Do you have to ask?
A new report reveals that cities in California are among the worst for first-time home buyers.
Using twenty-two metrics related to affordability, real estate market conditions, and quality of life, personal finance company WalletHub revealed that all of the ten worst cities are in Democrat-run states. Nine are in California.
The worst cities are as follows:
- Berkeley, California
- Oakland, California
- San Francisco, California
- Santa Monica, California
- Los Angeles, California
- San Mateo, California
- Santa Barbara, California
- Glendale, California
- Burbank, California
- Boston, Massachusetts
[Source: Daily Wire]
(Not sure why anyone would want to buy a house in Boston, these days, but there ya go.)
Nine out of the ten worst cities to buy a home for first-time buyers are in the Communist State of California. This is due to many factors, including sky-high taxes, increasing costs of living, and overpriced real estate prices.
What’s so shocking is that this is happening at the same time thousands are fleeing the state. That means demand for homes is dropping as so many residents leave. How can the price of a house rise, when demand falls?
California is so screwed up, that it can’t even get supply and demand right!
Apparently, these homes cost double of those anywhere else. People renting can’t cobble together enough wealth to become homeowners. And current homeowners, annoyed by rising costs and property taxes, would rather offload their house and move to another state.
You’d think the leaders of California would try to do something about this situation. It is clearly unsustainable. They need new folks moving into the state, but the cost of housing is not only keeping people away, but driving them out.
But what is the leftist-controlled government of CA doing? Making things even harder by passing expensive spending bills that will contribute to the problem.
All we can say for now is, if you want to buy a home, you’re better off looking elsewhere.
Author: Peter Anderson
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