Doubling in eight years, the number of local homeowners who have at least 50% equity is impressive.
Those who are 55+ and anxious to take their property-tax basis with them to their new home can feel free to list their existing home for sale NOW, and close after April 1st to qualify!
remove Oxnard and that equity rich graph fo TO – Ventura would look a lot like the Bay Area graphs.
Indeed. Oxnard/Hueneme is the exception to Greater Ventura County. At that I am absolutely sure these data sources are broken for places like Oxnard/Hueneme. There are so many properties owned outright due to low mobility and long term retention that the baseline is distorted.
Forget the “data.” Trust me. After the great flush of 2006 the region is almost entirely in “strong hands.” The only exceptions are the late entrants who purchased “income” properties with insanely low returns.
Why these VenCo comments for a San Diego focused blog? Important. In the early 1960s Both Ventura and San Diego Counties looked a lot like Orange County. You’d be hard pressed to tell the differences with the data back then. The divergences and parallels provide important lessons. Orange and SD now have triple the VenCo population but look how much more livable SD is versus Orange.
Is VenCo better than SD. No. They both represent peak quality of life, each with costs and tradeoffs and most importantly preferences.