"I can't afford to buy my own house!" Have you heard this before?
Here in Los Angeles, we have areas in which homes have appreciated significantly over a decade or more to the point where it is now worth 2 or even 3 times the amount in which the original owner purchased the property.
And in some cases where the owner has been there 30+ years, I've even seen the property worth 10 or 20 times the original amount.
We even have clients now in which we are helping them sell their home and relocate elsewhere that could not afford to buy their own home if the needed to.
Do you have instances in your neighborhood where this has occured?