Re:California homeowners made more money in equity than work...
by sybarita on Saturday June 12, 2021 @03:51PM
(#27487022)
I mean sure, and some "workers" make 500k/year, but these are obviously exceptions to the rule when we've established that California homeowners made more money in equity on average than workers made in income.
Also pretty sure there aren't many places in California where owning a home is such a liability that your annual losses would exceed those of one renting a comparable property. You might still have to work, but you're still ahead of someone who has to work and pay rent.
Homeowners in less demanded areas do not.