Even at my highest earning years I never made enough to “pay” that much for insurance.
The replacement cost for just construction would be about $10M on that structure. So a premium of 1.45% which is absolutely insane. The guy across the street has a similar houses paying $340,000 a year-yes $340,000 not a typo. This is how stupid Ca has became.
My property tax and insurance adds up to about $200,000 before I turn on the lights. Remember in Ca you pay over 50% in taxes. So the first $450,000 of income is gone before the lights are turned on or I eat a crumb. News flash, I refuse to play in that sandbox.
So I left. Never looking back. Even if I was making $20,000,000/year, I’d leave.(I’ve never made that much)
My best years were $8.5M a year and that was back in 2001-2008. I don’t make much now. And I’m not gonna go broke sitting in Ca fading that nut.
So I made some big changes.
Life is good! I’ve been lucky.
And I sold the house for ~50¢ on the dollar from what it would cost to build. Market is soft, I still made $ as I bought it right a while back. So I’m not gonna complain about that. But I will complain about staying there.
That’s the whole story,
These days I live a very simple happy life. Great memories and I know I got all the juice out of the oranges when it mattered.