[jurassic]

Completely agree with this. I bought last April and have already needed a new roof and a new water heater. These were not expected expenses based on the age of the home. For me it was an unpleasant surprise but not a big deal, but people who overextend to buy can end up in a very serious situation.

[asdff]

It's crazy what is gotten away with in CA real estate. Homes that were dirt cheap when they were built 100 years ago on rotting posts and piers that will just slide off with the next quake. Whenever we get the winter rains about half the neighborhood just throws a tarp on the roof; not much pressure to have a solid roof in CA it seems, or insulation, or a noleaky basement because there is no basement. People have no idea how terrible most of the housing stock is that they are paying north of $1m for here in CA, because its so competitive buyers are waiving inspectors.

[smaryjerry]

That’s a self inflicted wound for most CA though due to difficulty permitting and building and lack of knowledge in how to do so. It doesn’t cost much more to build a house in a city or in the middle of nowhere and if it wasn’t so difficult in a city you would replace those houses right away.