Real estate General topic

[kenmbz]

There are still a huge number of crime free , wonderful places in Cali.
It's the city centers of SF, LA and SD and some surrounding areas that are so bad.
Even in LA, you have Studio City and plenty of other places that are safe and expensive.

But in general, it's a hot mess. Allowing people to build dwellings in their back yard, when yards are small and house close together is pushing a lot of buttons for people to move before it happens to them.

As other have said, it's a big state, with a huge amount of farmland, sprawling cities and communities and a really bad government. Government PR is pretty good, fooling a lot of people into voting for the same people that have made it this way, of course the choices are slim when both parties have big $ they will only give to those that support them like robots.

I would love to live in Carmel, or Dana Point or La Jolla, just need to win the lottery.

 

[paulsharvey]

I know we are getting away from real estate, to some degree, but how long before areas end up like in South Africa, where people who can afford it, live in proper gated, walled, with armed security, neighborhoods.

I just can't see people paying premium rates to live in an area where they might face multiple robberies per year. I dont mean an are where there is that perception, or a "bad area", but if you are facing even getting house robbed every year, and cars broke into; there is no way you could afford to replace/repair that; and I would think after the 2nd insurance claim, you would be canceled and black listed from any future insurance

 

[WinterDeere]

I would love to live in Carmel, or Dana Point or La Jolla, just need to win the lottery.

That's where California has gone, in the last 30 years. Such a beautiful geography and weather, ruined by the fact that the only places anyone would want to still live in that state are totally unaffordable.

Not prosecuting property crime is a huge part of the problem, IMO.

 

[ultrarunner]

We don't file claims unless catastrophic loss and having a 10k deductible keeps my basic homeowners at 5k

Some old timers say it had to get bad before good...

Friends have a place in Dunsmuir California... no big city and very nice setting.

They are afraid to leave after 2 break-ins...

Similar for my friends on the Key Peninsula in WA state... very beautiful but the remote also gives free rein to those looking to steal.

I can see why some of my more better off retired friends are flocking to gated communities...

Know very capable seniors in their home of 60 years and getting mugged was life ending... broken hip for two 80 year olds...

If you find your forever place hold onto it and pray your neighbors don't become a problem...

 

[WinterDeere]

We don't file claims unless catastrophic loss and having a 10k deductible keeps my basic homeowners at 5k

Each of the last three times I've shopped HOI, I've asked for quotes with deductibles at $10k - $15k. Like you, we won't use our HOI for anything less than total catastrophe.

But every time we've actually gone through this exercise, the difference in premium for a regular $750 deductible versus $10,000 deductible is so insignificant that we end up just buying the lower deductible again. I think the last time, it made a difference of something like $26/year.

I guess things can vary a lot by state, depending on your specific local risks. In a state with a lot of smaller claims, maybe it makes a bigger difference?

 

[paulsharvey]

Each of the last three times I've shopped HOI, I've asked for quotes with deductibles at $10k - $15k. Like you, we won't use our HOI for anything less than total catastrophe.

But every time we've actually gone through this exercise, the difference in premium for a regular $750 deductible versus $10,000 deductible is so insignificant that we end up just buying the lower deductible again. I think the last time, it made a difference of something like $26/year.

I guess things can vary a lot by state, depending on your specific local risks. In a state with a lot of smaller claims, maybe it makes a bigger difference?

Removing the $150k of coverage on outbuildings saved me like $1000/year.

 

[WinterDeere]

Removing the $150k of coverage on outbuildings saved me like $1000/year.

Yeah, that makes a lot more sense. I suspect out-buildings are covered at a higher rate than primary residence, as they're more likely to be a total loss. IOW, I see a lot more barns and garages burn completely to the ground, than occupied houses.

 

[paulsharvey]

I should add, or clarify; I Never asked for that much on outbuildings. That was included in their price quote. How they figure $150k for a 12x12 and 16x30 prefab shed, I dont know. I had then drop it to $10k for outbuilding.

 

[WinterDeere]

I should add, or clarify; I Never asked for that much on outbuildings. That was included in their price quote. How they figure $150k for a 12x12 and 16x30 prefab shed, I dont know. I had then drop it to $10k for outbuilding.

Was amount for structure only, or structure + contents? Got any nice new tractors stored in said sheds?

 

[paulsharvey]

Was amount for structure only, or structure + contents? Got any nice new tractors stored in said sheds?

That was out buildings, contents is a lower separate number.