« prev   random   next »

1
0

Boise and Reno Capitalize on the California Real Estate Exodus

By Patrick following x   2018 Oct 28, 4:29pm 880 views   5 comments   watch   nsfw   quote     share    


https://www.bloomberg.com/news/articles/2018-10-23/boise-and-reno-capitalize-on-the-california-real-estate-exodus

For some Californians, the state’s punishing housing costs, high taxes, and constant threat of natural disaster have all become too much. They’re making their escape to areas such as Boise, Phoenix, and Reno, Nev., fueling some of the biggest home-price gains in the country. While the moves are motivated mainly by economics, they’re also highlighting political divides as conservatives from the blue state seek friendlier areas and liberal transplants find themselves in sometimes hostile territory. ...

Almost 143,000 more people left the state than arrived from elsewhere in the U.S. in 2016. Trump’s tax overhaul, which capped some mortgage interest and property tax deductions, has probably added “gas to the fire,” says Glenn Kelman, chief executive officer of Redfin Inc., a national real estate brokerage that recently opened a Boise outpost.

But mostly it’s the prices. “Eventually the laws of supply and demand are going to drive people to other parts of the country,” Kelman says. “Boise isn’t five times worse than California as a place to live. But places in California are five times more expensive.” Boise is becoming an alternative to traditional havens for Californians such as Portland and Seattle that have also gotten too pricey, he says.
1   Ceffer   ignore (2)   2018 Oct 28, 6:03pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

California is exporting 'plague libbies'. After shitting relentlessly in their own house and fleeing their manifest disasters, they stride about other states with their equities, parrotting their delusions as if they are the tablets handed down from God, informing the cringing resident populace of their great brilliance, to wreak havoc on new lands.
2   CovfefeButDeadly   ignore (5)   2018 Oct 29, 3:34am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Ceffer says
California is exporting 'plague libbies'. After shitting relentlessly in their own house and fleeing their manifest disasters, they stride about other states with their equities, parrotting their delusions as if they are the tablets handed down from God, informing the cringing resident populace of their great brilliance, to wreak havoc on new lands.


I can’t begin to describe how stupid the Californians fleeing to Las Vegas are. You trade off the amazing California weather for 5 months of desert inferno and a shitty public school system.

In return you get no state income tax, a gun friendly state, a part time state legislature, and inexpensive home prices.

And the first thing you do is vote in Democrats that want to implement a state income tax, gun control, and a full time legislature. Fucking brilliant.
3   TrumpingTits   ignore (1)   2018 Oct 29, 5:44am   ↑ like (0)   ↓ dislike (0)   quote   flag        

CovfefeButDeadly says
And the first thing you do is vote in Democrats that want to implement a state income tax, gun control, and a full time legislature. Fucking brilliant.


...like the Pollutians in Bill Peet's "The Wump World"
https://www.goodreads.com/book/show/997600.The_Wump_World

4   clambo   ignore (4)   2018 Oct 30, 3:23am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Of course people are leaving; they have to sell their CA places to realize the capital gains.

After a certain age, people quit the rat race and boy is LA filling up with rats.

Idaho income tax is a couple of percent lower than CA.

I calculate that if I am getting my social security and other income in a few years, I would spend $9000+ in CA state income tax. You can do a lot of traveling around with that money.

Smart people move around as the conditions change around them. California is transforming from a state with a reasonable government to a nutty government.
5   6rdB   ignore (1)   2018 Oct 30, 7:27am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Ceffer says
California is exporting 'plague libbies'. After shitting relentlessly in their own house and fleeing their manifest disasters, they stride about other states with their equities, parrotting their delusions as if they are the tablets handed down from God, informing the cringing resident populace of their great brilliance, to wreak havoc on new lands.

Same in TX. Austin has already been turned blue by hundreds of thousands of "libruls" running away from CA. They are now trying to change a successful economic system of TX into a dysfunctional one of CA, where only mega-rich and very poor are OK.

about   best comments   contact   one year ago   suggestions