Thread: To buy or not to buy, that is the question...

Interesting question. Real Estate is almost always a good investment in a growing, thriving city or state.

LA currently has some big issues, and current high real estate prices. Many people are fleeing LA and other parts of California because of those issues. The flight has not yet affected LA Real Estate prices, it has in nearby states where people are fleeing to. But businesses are relocating out of California and that can/will hurt the economy/taxes.

Politics runs in cycles, Bush, got us Obama, Obama got us Trump, Trump got is Kamala.

California was once a Republican state and may be again. If the recall of Newsome is successful, it may start a wave of recall in other states and in LA, specifically the Mayor, Garcetti who has trashed the city with his lack of leadership and the District Attorney.

So, a lot depends on what happens to Newsom, he is a/the tipping point, he, and Como in New York. Already in California the State is fighting the recall trying to verity all recall signatures, (but no signatures to vote by mail), Humm. The numbers are there and if it goes to a recall, he is toast.

If the two go, it could start a political land slide. Will it get to the point where it hits the fan, and you must hunker down or run for the hills? I doubt it.

For most of California the draw is the weather and lifestyle, and now many parts of the country are experiencing the decline of major cities because of the political tilt. If people get tired of it and the momentum starts to build everything could change, it will take time, but LA’s decline was decades in the making.

Yes, buy. Do your homework about where you are buying, and the price. Interview and hire a good real estate broker/agent. People spend more time buying a car than they do a home. A good broker can make or break your purchase. Do not hire the guy who sells part time or your nephew who just got a license.

Just remember this, everything in a Real Estate Contract is negotiable, everything. If your Agent/Broker can not explain the Purchase Contract to you, paragraph by paragraph, (a 20-minute conversation) and his negotiating strategy, (most do not have one). He is not who you want to represent you in the largest financial investment you will make in your lifetime.

Worst case, the recall fails, and things get worst. You could probably sell and break even or make a little money. The problem then is, where do you go, because the rest of California will be going too or is already there.