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Goodbye, New York, California and Illinois – Hello where?

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Re: Goodbye, New York, California and Illinois – Hello where?

#351

Post by jelliclesfarm »

tmh79 wrote: post #310
jelliclesfarm wrote: post #279

Earlier quoted context omitted.

Property taxes are paid on the sale price. It is not a punitive tax to fund new entrants. An example: Consider a 75 year old senior couple on fixed retirement income living in their fully paid 40 year old home. They paid the 300k mortgage and the house is worth 1 million.They raised their kids who attended public schools for 12 years each. Property taxes are used for public school education. 45% of California budget…

Senior citizens in the other 49 states are doing just fine. There are problems with increasing property taxes on elderly folks on fixed incomes, the solution isn't to say "you never own any tax on the appreciated value" the solution is to say "you can pay the tax on the appreciated value when you sell your home" which is an insane liberal tax and spend policy practiced in the hippie haven of the... state of Texas. Ad…

In California, public money is spent on things like gender reassignment surgeries for govt/public sector employees and prison inmates..we have student loan forgiveness schemes if you work for 3-5 years for the county...retirement at 50 for most law enforcement and Fire Dept employees. Billions of dollars in pension funds and unfunded pension liabilities. Mayor Newsom just increased funds homelessness by another one billion. Yes, one billion in services like counseling. Not actual homes for the homeless. We offer services and education for all undocumented immigrants. First two years of community college free.

That’s why so many flock to California. Because life in the golden state is golden. And then they try to change prop 13 to punitively tax the senior citizenry and retirees on fixed income. Because. As someone spat out earlier ..”low taxation zealots” are the bad guys.

Re: Goodbye, New York, California and Illinois – Hello where?

#352

Post by filoleg »

atomi wrote: post #298

I wouldn't leave California for a million dollars. To quote a famous Californian, "I'd rather be dead in California than alive in Arizona."

Good for you, I totally respect that. Which, unfortunately, isn't something I am able to say about a lot of Californian expats.

Re: Goodbye, New York, California and Illinois – Hello where?

#353

Post by kelnos »

zionic wrote: post #218
formerchamp wrote: post #194

Earlier quoted context omitted.

It doesn't help when there are insane regulations like dedicating double digit percentage of new units to be "affordable"/subsidized/section 8. Anyone with a full time minimum wage job would not qualify for "affordable" housing, you literally have to not work at all, it's such a scam.

The entire idea is preposterous. The solution to affordable housing is oversupply of housing. Gov should incentivize new construction to reduce prices and let the market fix it.

The problem is that in most areas the government is primarily voted in by existing landowners, who don't want more housing, and don't care if lower-income renters are being forced out.

The non-landowners are either not abundant enough, or only plan to live here for a short enough period of time that they don't bother to get involved in local politics.

Re: Goodbye, New York, California and Illinois – Hello where?

#354

Post by jdhn »

whalesalad wrote: post #102

My wife and I moved here to California (my home state) mid-2018 from Michigan (her home state). We moved out here for a startup, but shortly after relocating the founder ran out of money and could no longer pay me. This was a huge shock because on the surface everything was fine and dandy. Got totally bamboozled. I still remember walking into our co-working spot to pick up some mail and was told that I should leave t…

Where in Michigan are you going to be moving back to? Ann Arbor has gotten more expensive since 2018, although you probably won't have a problem affording an apartment even in downtown since you work in tech.

Re: Goodbye, New York, California and Illinois – Hello where?

#355

Post by dsfyu404ed »

reaperducer wrote: post #182
weiming wrote: post #148

Earlier quoted context omitted.

Tongue-in-cheek comment that I've read somewhere is that folks flee Democrat-run cities due to high taxes and mismanagement and move elsewhere, but then continue voting Democrat to bring back the same policies they wanted to escape from.

folks flee Democrat-run cities due to high taxes and mismanagement and move elsewhere, but then continue voting Democrat This does seem to be the case. If you look at the voting statistics for cities where Californians are fleeing -- Boise, Las Vegas, Reno, Salt Lake City, etc -- those cities are rapidly turning blue. But I don't know if they continue voting Democrat "to bring back" their old laws and lifestyle so mu…

I think a lot of the problem that "democrat" and "republican" are relative to everyone else in the area whereas the official party platform that candidates have to work toward to get $$$ is more or less nationally homogeneous.

Your neighbors in SF might think you're Newt Gingrich but relative to your new neighbors in Boise you may as well be Bernie Sanders.

Re: Goodbye, New York, California and Illinois – Hello where?

#356

Post by dragonwriter »

alecco wrote: post #227
dragonwriter wrote: post #183

> New York, California and Illinois have been hemorrhaging residents. Well, no. At least California (about which I see a lot of these stories) is gaining residents. Yes, it has negative net interstate migration. But it has both positive net natural population growth and positive net total migration, because the positive net international migration more than offsets negative net interstate migration.

So, white flight?

> So, white flight?

Given the racial dynamics of wealth and the fact that the interstate inmigration is wealthy and the interstate outmigration is less wealthy, probably not “white flight” as that is usually conceived.

Re: Goodbye, New York, California and Illinois – Hello where?

#357

Post by lotsofpulp »

jdhn wrote: post #331
jedberg wrote: post #260

Earlier quoted context omitted.

Being priced out of one's home is a red herring that the low tax zealots want you to believe to keep prop 13 in place. Somehow in the 49 other states that don't have Prop 13, people aren't priced out of their homes from taxes. There are other options. There are home equity lines, reverse mortgages, or even freezing tax payments and adding them as liens on the property at time of transfer. But even if you're worried a…

>Somehow in the 49 other states that don't have Prop 13, people aren't priced out of their homes from taxes. Allow me to introduce you to the great state of New Jersey. People here are absolutely priced out because of the property taxes, especially older retired couples and low earners who may have a house but hit hard financial times. A $400k house will probably have property taxes over $10k.

NJ has Abbott districts:

https://en.wikipedia.org/wiki/Abbott_district

It’s a tax to try and equalize resources for all schools, and is very progressive in sense. Other states let poor areas have poor funding for schools, whereas NJ requires richer areas to send funding to poorer areas to try to give the poor children a chance. I actually think this is an admirable goal of NJ.

NJ also has one of the worst unfunded defined benefit pension problems, which is obviously not so admirable, and will continue to contribute to rising taxes of all kinds and decrease in government services in NJ for the next 30 years.

Re: Goodbye, New York, California and Illinois – Hello where?

#359

Post by smaili »

JauntTrooper wrote: post #251
jedberg wrote: post #55

Every person I know who's left California did it because of housing costs (except for one, who did it to get away from "the damn liberal government that wants to take my guns"). We have a major housing cost crisis in this state, as well as a big NIMBY problem. There have been good solutions run up through the state house, that either fail to pass or get so watered down they are no longer effective, in large part beca…

We moved from San Francisco to New York City after having kids mostly due to housing and public schools. We miss the city and our friends, but couldn't see ourselves there long term. New York City is expensive, but there are areas of relative affordability that feel much more accessible, comfortable, and safer than the Bay Area.

> New York City is expensive, but there are areas of relative affordability that feel much more accessible, comfortable, and safer than the Bay Area.

Could you share which areas? I've been exploring NYC as well but have yet to stumble upon any areas that match what you described.

Re: Goodbye, New York, California and Illinois – Hello where?

#360

Post by triceratops »

option wrote: post #154
triceratops wrote: post #135

Earlier quoted context omitted.

If housing prices nosedive, so does rent. Not everyone in a tent encampment needs to be a buyer.

I’d say my point still applies, perhaps with a smaller degree. If rents drop 3x (an economic disaster pretty much) are tent encampment inhabitants rushing to rent, coming up with deposits and getting pre-approved?

> If rents drop 3x (an economic disaster pretty much) are tent encampment inhabitants rushing to rent, coming up with deposits and getting pre-approved?

If we're dealing in hypotheticals, why do you seem to be asserting that they would not do so? If they can hold down some sort of job, and they can afford the lower rent why wouldn't they go for a real roof over their head?

Or are you saying that campers simply don't want that? I have no idea what you're on about with these questions...

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