Buying a home is out of reach for most younger Californians

 Even if you are 40 you might not ever be able to buy a home in California even at 40 years of age here.

Why is this?

One of my Son-in-laws explained it like this: When he and our adopted Daughter bought their home in San Diego County it was 2017. They were able to buy this home because their income was above 100,000 dollars a year.

However, Now they couldn't get this home. Why?

Because now the banks would want you to have a 400,000 dollar income to buy the same home.

How many people have an income of 400,000 dollars a year?

Not many.

So, unless parents or relatives are going to help them finance their homes or they are going to inherit their parents homes most people 40 years old are NEVER going to be able to buy a home especially anywhere along the coast of California from San Diego to San Francisco and even north of there.

This is a real problem for anyone 40 and under in California ongoing.

This is also why a lot of people seem to be moving to Texas because there isn't any state Tax there and also they don't have to pay 10% Capital Gains Taxes on their investments on top of the Federal Capital gains taxes of 20%.

So, people (unless they are very rich) are often moving out of state along the coast of California because it's just too expensive to buy a house here for most people and they don't want to just rent an apartment or house for the rest of their lives to stay here.