No wonder so many are leaving California. Home ownership is only for the rich...

No way in hell I could afford that. No wonder so many are leaving that state. The working poor and lower middle class have to be getting hammered there. Any economist able to explain the craziness? The taxes alone are insane in my mind.

American bought an average home in Southern California, nothing fancy. The purchase price was $653,000

- They put down 20%, $131,000 down, to avoid paying PMI
- Monthly principal payment is $1,913.71
- Monthly interest payment $2,285.22
- Monthly taxes $955.78
- Her total… pic.twitter.com/belhl4jeRP

— Wall Street Apes (@WallStreetApes) September 26, 2025