I don't undesrstand...from reading PARF and this forum, I learned that CA. is going broke and everyone is leaving, especially people with means. Meanwhile, here on earth, RE is white hot and people are snapping-up houses the minute they go on the market for crazy prices. One of my friends has a house in Malibu, (Pt. Dume for the familiar people), 2 years ago before the pandemic, she wanted to sell and could not get out from under it. The market in Malibu was kind of dead after the big fire that destroyed a lot of houses.
Fast forward to 2021 and she puts it back on the market. It sold in one week for $3M over asking. Yes, you read that right.
