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Updated about 1 year ago on . Most recent reply

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77
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Jared Lomker
  • Rental Property Investor
  • Livermore, CA
23
Votes |
77
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Why is California a poor rental market?

Jared Lomker
  • Rental Property Investor
  • Livermore, CA
Posted

I live in California and have seen many close family and friends kill it in the rental market here. Why is most of the US against rental market in California and should I invest elsewhere?

Most Popular Reply

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Will Barnard
  • Developer
  • Santa Clarita, CA
10,947
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15,749
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Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied

CA is not a poor rental market as that is an improper assessment in my opinion. That said, CA rental laws severely favor the tenant over the landlord and price to rent ratios are much higher in most parts of the state compared to other areas of the country. So from a “cash flow” standpoint, CA is less favorable over other options, but if you buy right, time it right, and have a long term outlook, CA can provide some of the highest appreciation rates in the country and when you apply leverage responsibly, your total returns can be quite large.

One needs to decide their goals and then have the abilities and desires to get there.

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