Nick Vertucci’s Predictions.
Ever since the gold rush back in the 19th century, California has steadily been a popular place for those moving out west seeking a better life. Towards the end of the 20th century, the state witnessed another kind of “gold rush” known as the IT industry or dot com boom. For a while it seemed like anyone who had anything to do with the computer industry was moving out to California. Needless to say, this put a strain on real estate availability and therefore housing costs. The result of all this growth is that California has one of the most expensive real estate costs in the nation and as well as the world. The median price for a house is nearly twice, compared to the rest of the country.
Not surprisingly, the most expensive areas are the cities, such as San Francisco, Los Angeles, San Diego and San Jose. In these areas, housing costs have jumped as high as 75% in the last few years. The situation is so bad that even techies earning a high income have jumped ship and moved way out into the suburbs where the trailer parks are located! Sure, they have much cheaper housing but it can take them as long as two hours to get to work, one way! This is in itself an indication how far things have gone. For all these reasons and more, real estate sales guru Nick Vertucci predicts major changes in the way business is done in the real estate sector for California.
Even though California finds itself in one of its best economic times, Nick Vertucci predicts that changes are on the horizon as far as the law is concerned for the real estate sector. This is because of the simple reason that many people are not happy with the way things are going. Despite the good economy, California also has a high rate of poverty. And these folks simply cannot afford a decent home fairly close to the city. In fact, in a city like San Francisco, a middle-class family is now considered to be low income!
Nick Vertucci is a successful real estate broker who went on to establish the highly popular NV Real Estate Academy. He started this institution to help others find success in this business, based on the experiences he got while working in real estate for the past 15 years. He travels the length and breadth of the country imparting the knowledge he gained to become highly successful while selling houses. http://nvrealestateacademy.com/this-weeks-cities/