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Old 09-29-2022 | 09:18 PM
  #161  
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Originally Posted by majorpilot
Um, no…you should really drill down into data before you read a title and start quoting sources. Here is an example of another data point in the Census info you purport to cite to that hardly supports the mindless echo chamber narrative…

“Alabama, which also could lose a congressional seat depending on the final census count, does have a budding immigrant population, some without legal status, that’s helping to boost the state’s population—though it’s growing more slowly than the country as a whole, said Nyesha Black, a demographer at the University of Alabama’s Center for Economic and Business research. “One of the reasons our school-age population hasn’t dropped, which would create more issues, is the growth in Hispanic students,” Black said. “The reality is that it isn’t just California that’s an immigrant-receiving state. It’s Alabama as well.”

…so, Alabama would have a population decline and House loss — those darned over-taxing socialists again! - but for those dependable immigrants! Sure, that really supports your narrative, but you keep doing you…it’s cute.
As someone who lives and is from “flyover” country… trust me…. We are rooting for California. I’d love nothing better that to see our property values go back to normal and the West Coast flight reverse course.
Old 09-30-2022 | 05:10 AM
  #162  
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Originally Posted by Red Forman
All one needs to do is look at one way Uhaul rates into and out of CA to know the actual truth.
Hahaha! Only boomers or poor rednecks load their crap in a u-haul and trek across the country like the Beverly Hillbillies. I think most people buying million dollar 1200sf homes in California are hiring moving companies. With semis. So your "data" may be a bit skewed gramps.
Old 09-30-2022 | 08:43 AM
  #163  
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Originally Posted by Margaritaville
Hahaha! Only boomers or poor rednecks load their crap in a u-haul and trek across the country like the Beverly Hillbillies. I think most people buying million dollar 1200sf homes in California are hiring moving companies. With semis. So your "data" may be a bit skewed gramps.

This is true. We are seeing lots of wealthy retirees and also high-end professionals who can now work from home and would rather do it in a nicer climate than the NE or south.

The people leaving are regular workers and employers. It is a net loss of people, but real estate prices in desirable locations are not dropping. My values are up by over 1M$ on paper since 2020.

But workers and companies leaving is going to hurt sacramento in the long run... they can only tax retirees so much.
Old 09-30-2022 | 03:10 PM
  #164  
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Originally Posted by av8or
As someone who lives and is from “flyover” country… trust me…. We are rooting for California. I’d love nothing better that to see our property values go back to normal and the West Coast flight reverse course.

It’s interesting to watch, looks like some areas that heated up during COVID (Boise, Austin) are cooling off.

I’ve owned property both in the middle and in coasts, but only the properties near the beach really appreciated and performed as an investment. The tax rules in certain states can really hurt longtime owners who “benefit” from rapid appreciation and see their property tax bill go up each year. So I’m sure many who aren’t selling are just hurt by rapidly spiking values. I hope your situation works out for you.
Old 09-30-2022 | 03:33 PM
  #165  
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Originally Posted by majorpilot
The tax rules in certain states can really hurt longtime owners who “benefit” from rapid appreciation and see their property tax bill go up each year. So I’m sure many who aren’t selling are just hurt by rapidly spiking values. I hope your situation works out for you.
Cali has that going for it, Prop 13 locks in your tax base at time of purchase and then it only goes up 2% annually max. So your property tax won't exceed your net retirement income decades down the road.

Otherwise The State would foreclose on retirees so they could replace them with high earners who pay high taxes.
Old 09-30-2022 | 04:34 PM
  #166  
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Originally Posted by Red Forman
All one needs to do is look at one way Uhaul rates into and out of CA to know the actual truth.
I described that awhile back. I showed links to back it up. I was called a lier and the links were ignored. “Don’t confuse me with the facts, my mind is already made up”.
Old 09-30-2022 | 05:49 PM
  #167  
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Originally Posted by rickair7777

Otherwise The State would foreclose on retirees so they could replace them with high earners who pay high taxes.
Ha! Imagine if they tried to foreclose on retirees here in Florida! There'd be no one left!
Old 09-30-2022 | 07:10 PM
  #168  
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Originally Posted by Wingedbeast
It still does support my narrative. People aren't leaving that state like people are leaving California and other blue states. There is an exodus.

Actually, yes, proportionately people are leaving several red states (didn’t cross-check Alabama, but identified a few in earlier posts) with higher rates of “exodus” than CA. This data challenges the politically-motivated narrative.

The truth is there is no “one” reason-CA is like a separate country, it’s too complex and massive for simplistic explanations — as much as we humans tend to favor them. Plenty of people I know who’re turning places like TX, ID and MT “purple” still own homes and have ties in CA that they have no intent on severing. But the ones who state a political reason get a lot of recognition — we shall see how this works out in the long term.
Old 10-01-2022 | 06:32 AM
  #169  
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Originally Posted by majorpilot
The truth is there is no “one” reason-CA is like a separate country, it’s too complex and massive for simplistic explanations — as much as we humans tend to favor them. Plenty of people I know who’re turning places like TX, ID and MT “purple” still own homes and have ties in CA that they have no intent on severing. But the ones who state a political reason get a lot of recognition — we shall see how this works out in the long term.
It's largely economic... high COL and high taxes. Some of it is safety & security. Many younger folks just can't afford a home and family... if you can't live near the water, might as well keep going east until you're over the state line. I probably wouldn't stay if I had to live out of sight of the ocean.

Some of it is school system... people don't want their kids indoctrinated with every whackjob ideology that comes out of left field.

Some do leave for politics, my comfortably retired, born and raised in SOCAL aunt did a couple years ago, it was 100% politics. My uncle did not want to go, but happy wife, happy life.
Old 10-01-2022 | 08:02 AM
  #170  
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I have family members who left California over politics. Funny thing, they are red-pilled Democrats who swear they will never again vote Democrat… they don’t exactly like Trump, but if he runs in 2024, they’ll “hold their nose and vote for him over anybody of the present day Democratic Party.”

My FIL was the latest one to leave the beach, and he left over politics as well, though he was never a Democrat.

It’s truly sad.
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