CA investing in this current climate

[Tanner Marsey]

Wanted to get some Californians’ prospectives on the real estate market and owning property here during this current political climate and the overall situation in this state.

I just informed my tenants we are selling their rental. Partially because the currents state of CA and partially because I can avoid paying taxes on it if I sell this year.

Anyways, there is a lot of turmoil in the state right now. The homeless issue, the illegal immigrants, tax hikes, failing infrastructure, mass exodus of people leaving the state, diseases popping up that we haven’t seen in ages, push for low income/affordable housing and the fact that it’s a tenant friendly state.

Has the tipping point been reached? People have finally had enough and we are actually seeing them leave. No more bluffing. Is it time to fire sale your ca properties? Are we destined for a major economic blow in the near future?

Just want to get others take on it. Am I being paranoid or are the concerns valid?

[Chris Mason]

Originally posted by @Tanner Marsey:

 No more bluffing. Is it time to fire sale your ca properties? Are we destined for a major economic blow in the near future?

 Absolutely, and be sure to give me a list of the properties you are intending to "fire sale" in San Diego along with the "fire sale" price you are selling for to the first person that offers that price. :) I'll blast it out to my rather substantial California "investor" mailing list after checking with a San Diego Realtor to ensure these are actually "fire sale" prices.