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Here's a question for everyone:
Have most other states seen the same massive state wide home appreciation jumps that California has seen over the last 40 years?
My mom bought her home back in 1977 for $54K and it's now worth close to 1 million. She has never made a lot of money and still barely gets by. Sounds like in any other state she'd be screwed having to constantly sell and downgrade with every appreciation. Starting off with a home and ending up in a studio at the end.
Basically in any other state you better hope your home doesn't appreciate 20 fold or you're screwed.
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