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Sources:
1. https://headtopics.com/us/la-orange-county-home-sales-crash-43-to-record-low-36001924
2. https://www.berkeleyside.org/2023/02/28/berkeley-eviction-moratorium-could-be-extended-to-september
3. https://www.ktvu.com/news/alameda-county-landlords-owed-thousands-in-rent-call-for-an-end-to-eviction-moratorium
4. https://www.latimes.com/california/story/2023-02-28/la-county-earthquake-retrofit-non-ductile-buildings
5. https://calmatters.org/newsletters/whatmatters/2023/03/california-utility-bills/
6. https://www.cnbc.com/2022/12/10/a-home-energy-upgrade-thats-becoming-a-climate-and-financial-winner.html
7. https://therealdeal.com/la/2023/02/01/mansion-tax-deadline-looms-putting-la-agents-in-tough-spot/
8. https://www.livemint.com/industry/banking/goldman-sachs-predicts-three-more-us-fed-rate-hike-no-cuts-in-2023-11676625315682.html
California is likely one of americas largest housing bubbles due to the shrinking economy, record high inflation, high energy prices, high home prices, rising mortgage rates and massive levels of debt that will soon be forced to adjust to todays higher rates.
I believe we will see distress in the housing market throughout Southern California as new property upgrades are required and sellers simply can not afford to do these upgrades.
If you want to invest in real estate in california, you should pay close attention to what is happening now and just down the road so you can factor these costs into the real estate investment that you intend to make.
If you need help fixing your credit, look no further than American’s #1 investor based credit repair firm: www.GreatCreditFast.com (561) 430 – 5900.
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