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Updated about 5 years ago,
Who’s investing in Southern California??
Happy Sunday BP,
I currently reside in Southern California. I grew up in the area, love the area, and I’m considering buying a second property.
When reading the forums, I see a lot of post about investing out of state, even from SoCal people.
My questions:
do people invest out of state strictly because of affordability and cash flow?
Do people wish they can invest in SoCal but don’t because of home prices?
I understand California appreciate will rise more rapidly compared to other states, which I’m ok with because my strategy is long-term wealth.
But the idea of investing out of state with small cash flow and appreciate doesn’t get me too excited.
What I’m I missing people? I would love to get feedback from people that have taken a leap of faith in out of state investing.
Thanks