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Regional News: California homeownership dream may soon become a nightmare. Here’s why.

Posted by   /  January 10, 2020  /  No Comments

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For the first time in history, the proximity to the beach, to Hollywood and to mountains will be trumped by living in Middle America

By Rogers Healy | FOXBusiness

Former California gubernatorial candidate John Cox discusses the large amounts of California residents leaving the state, as well as the homelessness and crime issues it is facing.

“All the leaves are brown, and the sky is gray”… Maybe that’s a better option for homebuyers these days? The California homeownership dream may soon be becoming a nightmare, due to all the obstacles with wildfires.

The tragic wildfires in California are beginning to have a lasting impact on the housing market on the West Coast.

It is no surprise that people are becoming more and more hesitant to move to a wildfire-prone area. Not only are their fears reaching new heights, so are the costs to insure their potential forever homes.

Thousands of fires have been recorded in California, slowing down the residential market, and giving Californians yet another reason to head East.

The past few years have been brutal for the state of California. The 2018 wildfire season was the most devastating wildfire season ever recorded in California, with over 8,500 fires burning an area of almost 2 million acres of land. In 2019, over 7,800 fires were recorded, burning almost 300,000 acres of land.

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