ChrisL Posted January 24, 2022 Share #1 Posted January 24, 2022 So the FIL opted not to come to CA for now. He didn’t want to pay as much in rent as the SoCal market demands. He’s going to move to TX (Houston) for now. He mentioned to WOChrisL again that he would like to go in on a house out here & live together. As a house that would accommodate all of us would be pushing $1.5M out here we’re not sure how that would happen but he mentioned contributing as much as $1M towards the purchase. Still a lot to discuss & work out but he signed a one year lease and plans to come for a visit after he’s settled in. There is no rush to figure it out. 4 Link to comment Share on other sites More sharing options...
Zealot Posted January 24, 2022 Share #2 Posted January 24, 2022 So this is good news then, correct? Link to comment Share on other sites More sharing options...
ChrisL Posted January 24, 2022 Author Share #3 Posted January 24, 2022 48 minutes ago, Zealot said: So this is good news then, correct? I guess. We don’t have an issue with the idea of living together, the plan would be to our benefit. I just think he’s thinking of holding his wealth instead of living near his family. I’d think he’d be happier here with us paying more than living alone in TX with lower rent. 1 Link to comment Share on other sites More sharing options...
az_cyclist Posted January 24, 2022 Share #4 Posted January 24, 2022 if you are good with the living arrangements, it would help you afford the home. Home prices in CA (and other places) scare me.... but I recall what I paid in Indiana, so. 1 Link to comment Share on other sites More sharing options...
bikeman564™ Posted January 24, 2022 Share #5 Posted January 24, 2022 1 hour ago, ChrisL said: $1.5M wow, what size house would that be? Link to comment Share on other sites More sharing options...
ChrisL Posted January 24, 2022 Author Share #6 Posted January 24, 2022 10 minutes ago, az_cyclist said: if you are good with the living arrangements, it would help you afford the home. Home prices in CA (and other places) scare me.... but I recall what I paid in Indiana, so. I know and the market has taken off yet again. Home prices & rent are ridiculously high right now. Link to comment Share on other sites More sharing options...
ChrisL Posted January 24, 2022 Author Share #7 Posted January 24, 2022 Just now, bikeman564™ said: wow, what size house would that be? 4 bedroom 2.5 bath single family home around 2,000 -2,200 square feet. Link to comment Share on other sites More sharing options...
bikeman564™ Posted January 24, 2022 Share #8 Posted January 24, 2022 1 minute ago, ChrisL said: 4 bedroom 2.5 bath single family home around 2,000 -2,200 square feet. holy moly that's a lot. You could buy that new in my city for $339k 2 Link to comment Share on other sites More sharing options...
az_cyclist Posted January 24, 2022 Share #9 Posted January 24, 2022 5 minutes ago, ChrisL said: I know and the market has taken off yet again. Home prices & rent are ridiculously high right now. that is happening in Phoenix too. I am glad I am not in the market for a new home. 1 Link to comment Share on other sites More sharing options...
ChrisL Posted January 24, 2022 Author Share #10 Posted January 24, 2022 3 minutes ago, bikeman564™ said: holy moly that's a lot. You could buy that new in my city for $339k Coastal SoCal. Yeah you gotta pay big to live here… 1 Link to comment Share on other sites More sharing options...
bikeman564™ Posted January 24, 2022 Share #11 Posted January 24, 2022 3 minutes ago, ChrisL said: Coastal SoCal. Yeah you gotta pay big to live here… I guess so. That amount near me gets you this. This is the island city next to me. https://www.trulia.com/p/mi/grosse-ile/29089-e-river-rd-grosse-ile-mi-48138--2099254919 Link to comment Share on other sites More sharing options...
ChrisL Posted January 24, 2022 Author Share #12 Posted January 24, 2022 52 minutes ago, bikeman564™ said: I guess so. That amount near me gets you this. This is the island city next to me. https://www.trulia.com/p/mi/grosse-ile/29089-e-river-rd-grosse-ile-mi-48138--2099254919 Yep. I used to travel a lot with my previous job and always ask the locals what the housing market was like. We live in a spendy area but it’s home. I’d rather live with less house & be here than have more house & live somewhere else. 1 Link to comment Share on other sites More sharing options...
Randomguy Posted January 24, 2022 Share #13 Posted January 24, 2022 1 hour ago, az_cyclist said: Home prices in CA (and other places) scare me What happens when the earthquakes hit? Sure home prices might dip from the fear that some have if an 8.0 or below hit, but I think the real problems will come from roads/water/electricity/gas go down for weeks or much longer if it is a monster quake like that 9.2 in Alaska. If (IF) that happens in our lifetime, it will take 2 - 3 years to make everything right again, I imagine, and not many folks will want to wait that one out. Pricing will take a hit for a while, more if wildfire season gets longer and more pronounced at the same time. I lived through 3 earthquakes when I lived in the bay area, and they were pretty cool. They were cool probably because they were comparatively little. The biggest one caused a huge building I worked in to visibly sway and shake pretty good, about 10-15% of the ceiling tiles fell. Some folks were a little freaked out, but most people just shrugged it off, saying that it was "just a bigger little one". 1 Link to comment Share on other sites More sharing options...
ChrisL Posted January 24, 2022 Author Share #14 Posted January 24, 2022 1 hour ago, az_cyclist said: if you are good with the living arrangements, it would help you afford the home. Home prices in CA (and other places) scare me.... but I recall what I paid in Indiana, so. True but we already own and in a few years will be mortgage free. I could live out my years where I am & die happy. Not sure if a bigger home would make us happier. I mean in 10 years it will be just the two of us in that big house… Link to comment Share on other sites More sharing options...
ChrisL Posted January 24, 2022 Author Share #15 Posted January 24, 2022 17 minutes ago, Randomguy said: What happens when the earthquakes hit? Sure home prices might dip from the fear that some have if an 8.0 or below hit, but I think the real problems will come from roads/water/electricity/gas go down for weeks or much longer if it is a monster quake like that 9.2 in Alaska. If (IF) that happens in our lifetime, it will take 2 - 3 years to make everything right again, I imagine, and not many folks will want to wait that one out. Pricing will take a hit for a while, more if wildfire season gets longer and more pronounced at the same time. I lived through 3 earthquakes when I lived in the bay area, and they were pretty cool. They were cool probably because they were comparatively little. The biggest one caused a huge building I worked in to visibly sway and shake pretty good, about 10-15% of the ceiling tiles fell. Some folks were a little freaked out, but most people just shrugged it off, saying that it was "just a bigger little one". I really don’t plan my life around the big one. I am more likely to die on a ride than have my house/city destroyed by the big one. 1 Link to comment Share on other sites More sharing options...
shootingstar Posted January 24, 2022 Share #16 Posted January 24, 2022 23 minutes ago, ChrisL said: True but we already own and in a few years will be mortgage free. I could live out my years where I am & die happy. Not sure if a bigger home would make us happier. I mean in 10 years it will be just the two of us in that big house… Think about this hard....did you and wifey want to live in Texas (have I understood this so far?)? Quite different than coastal CA. Link to comment Share on other sites More sharing options...
ChrisL Posted January 24, 2022 Author Share #17 Posted January 24, 2022 Just now, shootingstar said: Think about this hard....did you and wifey want to live in Texas (have I understood this so far?)? Quite different than coastal CA. That’s not the plan. FIL is going to rent a place in TX for now & sort his life out. If he had his druthers he’d go in with us on a house where we live now in SoCal. No thought necessary as no way in hell are we moving to TX. 1 Link to comment Share on other sites More sharing options...
Kzoo Posted January 24, 2022 Share #18 Posted January 24, 2022 6 minutes ago, ChrisL said: No thought necessary as no way in hell are we moving to TX. I thought everyone from CA was moving to Texas. 1 Link to comment Share on other sites More sharing options...
Randomguy Posted January 24, 2022 Share #19 Posted January 24, 2022 7 minutes ago, Kzoo said: I thought everyone from CA was moving to Texas. Or Montana, if they like the outdoors. Link to comment Share on other sites More sharing options...
ChrisL Posted January 24, 2022 Author Share #20 Posted January 24, 2022 7 minutes ago, Kzoo said: I thought everyone from CA was moving to Texas. Yeah you would think that’s the case but a small % of people are staying. And I mean a very small % 😂 Link to comment Share on other sites More sharing options...
Kzoo Posted January 24, 2022 Share #21 Posted January 24, 2022 11 minutes ago, ChrisL said: Yeah you would think that’s the case but a small % of people are staying. And I mean a very small % 😂 Get out while you can... Link to comment Share on other sites More sharing options...
ChrisL Posted January 24, 2022 Author Share #22 Posted January 24, 2022 5 minutes ago, Kzoo said: Get out while you can... Nah I’ll wait for the Tsunami generated by the big one to take me out. If that doesn’t work the mud slides created by the apocalyptic fires will get me. Or maybe I’ll just die of thirst from the draught. Either way I ain’t leaving! Link to comment Share on other sites More sharing options...
Randomguy Posted January 24, 2022 Share #23 Posted January 24, 2022 20 minutes ago, ChrisL said: Nah I’ll wait for the Tsunami generated by the big one to take me out. If that doesn’t work the mud slides created by the apocalyptic fires will get me. Or maybe I’ll just die of thirst from the draught. Either way I ain’t leaving! You won't have to worry about that, something about the whole layout of tectonic plates says that any slippage that happens near you is gonna push water towards Asia. LA is mostly safe from tsunamis, if I remember it correctly from my two physical geography classes at the best university in the country, the Ohio State University. 1 Link to comment Share on other sites More sharing options...
ChrisL Posted January 24, 2022 Author Share #24 Posted January 24, 2022 2 minutes ago, Randomguy said: You won't have to worry about that, something about the whole layout of tectonic plates says that any slippage that happens near you is gonna push water towards Asia. LA is mostly safe from tsunamis, if I remember it correctly from my two physical geography classes at the best university in the country, the Ohio State University. We live on a slip fault & they don’t cause tsunami’s, thrust or subduction faults do. That’s why we won’t break off into the ocean either but in a couple of million years we may end up in NorCal & Baja Mexico will be part of the US… We know the truth but we hear the BS all the time… Link to comment Share on other sites More sharing options...
Randomguy Posted January 24, 2022 Share #25 Posted January 24, 2022 8 minutes ago, ChrisL said: in a couple of million years... Baja Mexico will be part of the US… Not if the wall holds! 2 Link to comment Share on other sites More sharing options...
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