Arizona Youth Football - Los Angeles Times
Advertisement

Arizona Youth Football

Share via

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

Good morning again. The L.A. Times covers a topic that has generated endless discussion here (hello, Arkansas): Californians who cash out, sell the house, and discover their Cali-cash goes a long way in other housing markets.

Broker Neil Klemow said he is seeing more California baby boomers purchase rural properties out of state. ‘The real estate market in Southern California has been so ripe with appreciation for so long, that sellers want to take advantage of their equity and reinvest in a home at half the cost with double the value in land and amenities.’

Advertisement

More: ‘’It seems to me most are going to Palm Springs, Austin, Texas, or North and South Carolina and buying new homes in new developments, or on golf courses, where you get terrific homes for a pittance compared to Los Angeles prices,’ said Linda Zimmerman, a broker in Studio City.’

We hesitate to ask your thoughts on this, as we’ve heard so many. (Yes, Arkansas, we know about the big house on a lake and the horses and the golf course). Let’s frame it this way: If you owned a house outright in LA, and were sitting on a pile of equity, would you stay or take the money and go? And if you would go, where to?

Advertisement