California is a state of dreams for many in the United States and even for many others across the globe. It is the home to some of the most famous cities on the planet, such as San Jose, San Francisco, San Diego, and Los Angeles. The state of California is one of the most commercially developed states of the United States and is home to the population that has the highest per capita income and lowest unemployment rate. However, even after so many growth indicators, there is a problem that is underlying in its booming real estate market.
From the outlook, it would seem that the real estate market in California is one of the fastest growing in the country, but that is not the case. The real estate market of California is almost on the verge of saturation and the fact that the property prices have increased nearly seventy-five percent in last four to five years indicates that. Most of the young people are earning well in the state, but the growing price of the properties has made it difficult for them to become home buyers. Moreover, the lower income people are not even in the position to rent houses. It is because the rental prices have doubled or even tripled at some of the metropolitan areas in the state.
Many people are living in their vans in the suburbs of the cities, and this trend has been catching up across the country. It is saving them a considerable amount of money, but in a way bringing shame to one of the most developed states in the country. Nick Vertucci, who is the founder of the NV Real Estate Academy, says that the problem in the California real estate market needs to be identified and uprooted from the grassroots level. Nick Vertucci also stated that there should be a system in place to ensure that the soaring price does not go to astronomical level, which restricts even the genuine buyers to buy properties in the state.
Nick Vertucci has made his fortune by making smart investments in the real estate market and says that it is possible for others as well who follow his techniques. Nick Vertucci teaches his smart investment techniques and business strategies specific to the real estate business through the NV Real Estate Academy, which he founded in the year 2013 to spread the knowledge he has gathered about the real estate market and business to other interested people.