patrick.net

two words.

PROPERTY TAXES.

it doesn't matter what the political state is when you buy. All those things are subject to change and demographics will determine your total tax liability and the cost of living.

if you are an owner and your tax liability increases significantly- due to pressure by Liberal Democrats, your property is no longer an asset. Actually it is a LIABILITY. Excessively large houses in remote suburban regions such as those that became popular in recent years are especially prone to this problem because they are seen as luxury assets and will be taxed accordingly.

Look at the state of California Demographics(pic related). The Hispanic population, who are overwhelmingly takers as far as social services are concerned HAVE GROWN significantly. Whites are not having children. If you are a white working male in California, there is no hope for you.

Once these properties are seen as liabilities, and that day will come, people will rush to get RID OF THEM. No one will want to own in California. You can do the rest of the math as to what happens to your property value. Watching luxury neighborhoods disintegrate is great fun.