California, Here They (Still) Come

Big state. High taxes. Huge prices. What's not to like? Second home buyers continue to snap up getaways in California.

Report just out from California Association of Realtors says "15.7 percent of all homebuyers bought a home in 2004 either for investment purposes or as a second home. This includes 10.7 percent who acquired a home as an investment or rental property and 5.0 percent who bought a vacation or second home. "

The figure just three years ago was 9.8 percent. If you've got an eye on a place, sounds like you might as well buy it now, or someone else will.