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People do leave, but people do buy their houses, and pay BIG BUCKS 
The demand to live here will always be...
East of the Rockies just sucks --- Especially when you're being flooded out of your home, tornadoes blowing your home away, or a hurricane that will blow your house away and flood your entire neighborhood, or freezing your balls off in the Midwest or back East during Winter, or sweating your balls off come Summer time ...
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I've worked in companies that succeed in spite of themselves. California is kinda the same.
Great universities, climate, world-class (and world-changing) companies, but income taxes are too high, not a friendly business climate, and real estate is too expensive.
But, speculation aside, the price of real estate is a good indicator of how many people still want to live here.
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Bought my house 22 years ago, not exactly Big Money then... But big equity now...
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The pendulum always swings both ways.
It is only a matter of time before a downturn.
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"Plus on another 10 years we probably won't get snow anymore."
Do you actually believe that? ).gif)
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GBD
interesting correlation
I know several people/families who cashed in their california goldmine and bought a lot more for a lot less in other states (ID, NV, UT and FL).
so its not because they go bust, its because they see the opportunity selling their RE high.
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CA is too crowded anyways.
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Yes it is and the following are out of line
Electricity
Diesel
Gasoline
Taxes
Insurance
Land
Buildings
Houses
Apts
So stay for the weather?
Or leave and travel wherever you want.
Easy for some.
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waiting for the LEAVE ALREADY...calif has the fifth largest economy in the world...look how great the leaders are doing
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As a percentage, property taxes here aren’t as high as many other states. Now in actual dollars we’re fucked, but the rate is in the bottom third of states I think.
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I am in the process of obtaining an out of state property. Not in any of the states that most from CA tend to go to.
I'm looking to close on a 3700sqft place with a finished basement on body of water for $427k. Built in 2020 with all the upgrades.
House like this here would be $3mil easily.
Not going to sell my CA house tho! Once you sell from here it is very hard to get back in.
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CA state income tax is the highest.
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Yes, depending on the bracket it can be.
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Chinesse and everyone else is buying the homes or land that it, no one else is buying houses in CA. Everyone else is getting the F-outtta the state.
When you move, be sure not to vote for the same dumb asses that turned the state into a dumbster fire.
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So much irony in that post lol.
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Not really, Chinesse and foreigner are buying up land and houses there, other then that, everyone else is getting the F-outta that state.
When you do move don't vote for the same dumb asses that turned the state into a dumpster fire.
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while it's true that property taxes are lower in ca than other states - taxes are assessed based on market value. in other states that still means less taxes. i have a second property in another state and pay about $2,300 annually. and it's a bigger home than the one i have in ca, which costs over $13k a year. cost of living in can is also still much higher than the other state. so using property taxes as a reason to stay in ca is not taking everything into consideration
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i remember to not have anything leftover after the mortgage was paid - that was back in 95.
on a 30 year mortgage it takes many years to build equity.
your house value goes up and down - but you also need to get a new roof, new paint, upkeep etc etc.
stupidity takes on a second loan.. you just lost a lot of your equity.
fast forward to 2022 - starting out middle income W2 earners are totally fcked in California.
highest cost of living + highest state income taxes + insane housing cost.
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Get the fuck outta my hood troll! I don't give a shit where you go, just leave.
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Meanwhile, home prices are skyrocketing in AZ and FLA...
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^ check out this angry dumbase 
My point is no matter where you go
Housing price tends to track income
Even in CA
When housing prices generally exceed certain parameters within a market
And, income growth + jobs growth slows or stops
RE tends to follow
We've had a huge run-up here
Nothing like Boise or Nashville
But, we're likely looking at flat to down
Especially with the Fed
Taking away the punchbowl
Now is not the time to over leverage
If you own, sit tight
If you don't own (like corndog)
You're probably fucked for good in this state
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Obviously for corndog
FL on the water with a dock?
I've seen homes up over 60 -80% in the last 18 months
I shit you not
Well, I lied
I shit on corndog all the time
But he likes it
So it's all good
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I hope they move out faster.Think about all liberal votes showing up in low population red states. California could export 2 - 5 million more people and still be solidly blue. If those people showed up in Idaho, Wyoming, and Montana it would be game over for the conservatives.
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Yeah, except it's mostly conservatives running away from blue to red
Turning CA bluer every year
Once upon a time, CA had Repub governors
Never to be seen again
Effectively CA gets loonier every year
Although, we get the ocassional report from some places like Oregon
Telling the CA's to go the fuck home and take their politics with them, lol
Born and raised here, 120 years now
So, I'm not leaving
But, it's sad to see what's become of the place
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That was the estimate 3 years ago. Which has come true.
What will be your tipping point to leave ? And where will you go ?
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"Floods tornados and fucking freezing ass weather"
If I could, I'd split my time in Metsico
Not seen one of those weather phenomena down there on the coast
Maybe an occasional hurricane but that's only in late summer/early fall
Love that place, great tacos........regular and pink
Luvs me some sarandeado with salsa huichol
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"Floods tornados and fucking freezing ass weather"
You know who the insulated SoCal bubble people are when they say things like this.
Here we have fires, drought, and earthquakes, and if you live in Northern California, snow, trees falling down and people having trouble getting propane to heat their homes at night. No place is a utopia!
I have been through hurricanes, tornados, fires, earthquakes, etc.
You just deal with it and move on.
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Oh my GBD is spot on. Why spend your time in one place?
Argentina June thru September and another one or two for the balance.
One residence is boring.
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| There are 28 comments on this blog. |
