California Vs Out of State (really, but why?)
I think the constant discussion of California vs anywhere else is intriguing. So I pose a question. Hypothetical, if a person had a 2 million dollars to invest, they purchased property with 1 million in California and 1 million in any other state, which would perform better after 15 years and why?
This assumes anything and everything will happen, which is the real life case anyway. I am not automatically assuming California will perform better just because I live here in the Bay Area. I think someone may have interesting incite to why another state could out perform California property in the next 15 years.
Most Popular Reply
California offers high property taxes, tenant friendly laws to a fault, ENDLESS regulations and more volatility than anywhere in the country. Old timer type wisdom would tell you to invest elsewhere and I would have to agree.
- Matthew Crivelli
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