One of the most important things one can do for survival is to simply READ THE TEA LEAVES. The same goes for teaching our kids the same.
In the case of Germany in the late 1920s and early 1930s the writing was on the wall...and I suspect that many Jews there had money to leave, or at least had ways to access the money (relatives overseas, etc.). But they figured they’d ride it out...only to discover later that they were locked-in, and no longer could escape.
In this case, it’s NO SECRET that California is now run by far-left extremists, and anyone who understands these extremists will know that they NEVER STOP and NEVER REVERSE themselves - it only gets worse with them. The people who own property there, particularly rental property there, might as well wear a yellow patch on their arm, as the Jews had to do in Germany back then...because this cannot end well for them either.
For California land owners who are conservative and understand who Democrats are, there is still time to GET OUT, but probably not much. After that, they will find themselves managing properties which produce little income, get torn up by Section 8 residents, and thus become impossible to sell.
But there are still many IDIOTS in the country, and particularly in California who will still pay top dollar for those properties, at least NOW - but not for long, as even the idiots will figure out what’s going on. So GET OUT, while you can!
I had a client ask me to write about the virtues of real estate investing in various cities in California. I laughed at him. You’re kidding, right? No, he was serious. I had a long discussion on the ethics of his proposal, and he argued with me about how you had to leave politics out.
Problem is - politics does affect the landlord. Whether rent control or affordable housing mandates or zoning, it would be dishonest to write a real estate market analysis and leave out the politics that certainly hurt landlords.