Comments on: Why Buy A House In California For Half To One Million Dollars When In Georgia That Could Buy You A Mansion?

By: primeric

primeric — Wed, 16 Dec 2009 21:56:06 +0000

duhhh… You are that old and haven’t heard about the variations in real estate prices?

By: Harry

Harry — Wed, 16 Dec 2009 21:02:07 +0000

Because you’d have to live in Georgia.

By: Rico

Rico — Wed, 16 Dec 2009 20:16:18 +0000

Well you have to admit that it is an awfully long commute from Georgia if you happen to work in California.

By: f80willi

f80willi — Wed, 16 Dec 2009 20:10:50 +0000

While you are checking, go to monster.com or an equivalent website and take a look at how much you make and the job of your choice. If you can make the same income in Georgia go for it. But you can’t.

By: Anie

Anie — Wed, 16 Dec 2009 19:42:05 +0000

because the house in california was worth half a million dollars few years ago and it will always worth more than the georgia house…assuming they are identical rental house.
by the way, in case you want to test the theory, try to factor 50% less gross rent as your operating income

By: Just Me!

Just Me! — Wed, 16 Dec 2009 19:01:52 +0000

Uh, because the wages are lower in Atlanta compared to California and you run the risk of experiencing the kind of racism you’ve seen in Time to Kill/To Kill a Mockingbird/Mississippi Burning…
But go for what you know…