patrick.net

https://youtu.be/BfiaSe-SNEc

Family's Chicago property taxes increase 440%

But when you watch the video it's a landlord..

Bd6r says

AmericanKulak says

Reduce prosecution of criminals and let NON-political, violent criminals out.

Same as early Soviet policies of 1917-1920

Stalin was just letting his friends out.

The intesting thing is that the large Florida migration is largely older people who escaped the NorthEast. Texas has younger people moving in and seeking jobs.

What do you call somebody moving from California to Illinois? A backslider.

Ceffer says

What do you call somebody moving from California to Illinois? A backslider.

An idiot. Per capita IL is getting destroyed and I love it. Get these fuckers out of here. The state is becoming better. IL is not a bad place, just bad politicians.

https://finance.yahoo.com/news/chicago-rolls-campaign-lure-employers-223352639.html

Chicago Rolls Out Campaign to Lure Employers After Citadel, Boeing Exits

Comments are priceless.

https://finance.yahoo.com/news/texas-florida-see-biggest-population-gains-as-over-600000-flee-new-york-california-185038289.html

Texas, Florida see biggest population gains as over 600,000 flee New York, California

https://wolfstreet.com/2023/03/30/population-drops-even-more-in-california-san-francisco-bay-area-coastal-southern-california-san-francisco-8-from-peak-but-19-inland-counties-grow/

Population Drops Even More in California, San Francisco Bay Area, Coastal Southern California. San Francisco -8% from Peak! But 19 Inland Counties Grow

by Wolf Richter • Mar 30, 2023

Where is demand for homes supposed to come from when the population keeps dropping like this? ...

I’m going to look at this with an eye on the housing market because these shifts are already having an impact, with the San Francisco Bay Area being one of the worst housing markets in the country with some of the steepest price declines, and with home prices in coastal southern California also getting hit.

Between April 1, 2020 and July 1, 2022, California’s population dropped by 508,900 people, to 39.03 million, below where the population had been in 2016. The uptick in 2020 was due to the adjustment based on the 2020 Population Census:

Patrick says

Population Drops Even More in California

I posted in the thread Newsom ads against Florida about how Newsom is now attacking Florida for being "authoritarian"

I guess "authoritarian" means anti-over regulation, anti high gas and electricity prices, anti-high taxes, anti-Woke indoctrination, pro-liberty, and anti-open border.

Just saw Facebook workers returning to the office in California. Other tech companies and major companies likely will do the same.

++++++++++++++++++++++++++

https://gizmodo.com/meta-instagram-remote-work-work-from-home-facebook-1850287137

The days of work-from-home could be dwindling for Meta employees. Hiring managers at the tech giant are reportedly no longer able to list jobs as remote as the company seemingly abandons its easy breezy work-from-home policy.

As detailed by Insider, the hiring manager directive is only one example of Meta seemingly abandoning the remote work flexibility that made working for Big Tech so appealing even after the height of the covid-19 pandemic. Meta also allegedly removed the line “Remote roles are now available in the US, Canada, and Europe, and we’ll continue to add more roles in more locations as they become available” from its job listing page. Meta CEO and co-founder Mark Zuckerberg also mentioned a return-to-office push in a letter to employees shared on Facebook on March 14.

If the employees wanna WFH, all they have to do is get Covid and sue the corporation.

That was the original thought of WFH.

ad says

Just saw Facebook workers returning to the office in California. Other tech companies and major companies likely will do the same.

It's because the managers don't want to manage remotely in my opinion. They have to actually check in with those under them and that requires work and not just walking around doing water cooler talk and going out to lunch "meetings." I've never had a corporate job, but that's my impression.

I think WFH is a good thing for some people. The reality for me is if the work asked gets done, who gives a shit? My buddy lives in MT and has to fly back to IL quarterly. He's happier out there and still gets the work done. Though he's in IP telephone/office stuff nationwide, so by default he doesn't need to be in the office as that's literally what his product does for companies.

I was doing WFH since 2010 roughly 2 days a week. Then went to 3. Then finally boss was just like as long as you're getting your shit done do what you want. I still had to drive around and manage shit, but I didn't have to go into the office. Also, some people are more productive at certain times of the day. As an insomniac I could get a lot done from midnight to 3am without any distractions. When you're making a marketing piece at 10am and you're getting a call every 10 minutes you lose the creative flow and get frustrated.

I'm also a huge advocate of naps. This isn't hunter gatherer times with no electric. I'd rather wake up at 5am work for 5 hours, take a nap for 1-2 hours, work for 2-3 hours until the kids are out of school. Then finish up any leftover work late at night, IF that's necessary.

WookieMan says

if the work asked gets done, who gives a shit?

That is the issue, for some companies, the work was not getting done. If work was being done, the company would gladly save rent on office space.

HeadSet says

That is the issue, for some companies, the work was not getting done. If work was being done, the company would gladly save rent on office space.

Could put in big brother camera in the work-from-home office to use AI and human monitoring. Also could track the work-from-home computer.

This is for work from home jobs which are not task-oriented and clearly defined or definitive. It is project management related jobs, which cannot be assigned easily an estimated time to complete.

These are ways to monitor work from home employees, but I understand that takes work on the part of the managers. Its easier for the managers to have the workers in the same physical work location.
.

HeadSet says

If work was being done, the company would gladly save rent on office space.

Or managers need to have people in the office to justify their management position.

That list for 2023 will Have Portland and Seattle. We're leaving San Diego, again. Housing's more than I'm willing to pay, and renting always makes that choice easy.

https://www.ocregister.com/2023/04/10/california-apartment-vacancies-near-2-year-high-as-rents-off-3-5-from-peak/
Don't have a non-paywall link, but 12ft io works

California apartment vacancies near 2-year high as rents slip 3.5% from peak

Vacancy rate rose to 5.2% in March, the highest level since April 2021

A significant winner in California’s real estate chill is the renter.

The post-pandemic return to normalcy that’s decelerated California housing markets is forcing landlords statewide to compete for tenants. Meanwhile, renters are seeing the most available units in nearly two years.

Consider what my trusty spreadsheet found within ApartmentList’s March report on California rents.

The statewide vacancy rate rose to 5.2% in March, the highest level since April 2021 and a noteworthy jump from the 3.6% pandemic-era low in September-November 2021.

Those extra options are a key reason why March’s overall statewide rent fell to $1,930 a month, down 3.5% (or $70) from August 2022’s peak. Yes, that’s still not affordable for numerous Californians, and it’s still up 15% (or $253) in three years.

But at least if the price isn’t right for a tenant, they have more options.

Lots of factors are cutting demand for apartments. The fear of catching COVID-19 in crowded living arrangements has dropped. The return of workers to the office and children to classrooms has limited the need for additional home office or study space. And the previously soaring rents may have some apartment hunters rethinking their search in uncertain economic times.

Plus, developers saw 2021’s landlord-friendly conditions of rising rents and few vacancies and rushed to build. Statewide permits for multifamily housing totaled 106,000 in 2021-22 – a huge jump from the 71,000 average for two-year periods in the previous 30 years. So, landlords will have to fill up those new units, too.

And don’t forget that these trends – notably new supply of rentals coming online – occur as California’s population is shrinking. And even the in-state migration from bigger coastal cities toward inland regions that sped up in the crazy pandemic days is also cooling.

It all adds up to California looking more renter-friendly for many months to come.

zzyzzx says

Chicago is true, but they're not all moving out of state. It kills Chicago, but has little impact statewide. And yes, some do move out of state, but it's not like what it was 10-15 years ago. They're just getting out of the city moving south, west and north from Chicago. Call them stupid, but Millennials with kids are smart enough to get out of cities.

https://www.sfgate.com/local/article/kelly-moore-paints-moving-hq-texas-17912812.php

Paint retailer Kelly Moore moving headquarters from Bay Area to Texas

https://hotair.com/john-s-2/2023/05/04/californias-population-declined-again-last-year-n548474

https://www.breitbart.com/entertainment/2023/05/05/actor-scott-baio-leaving-california-after-45-years-its-not-a-safe-place-anymore/

Actor Scott Baio Leaving California After 45 Years: ‘It’s Not a Safe Place Anymore’

Any famous or rich person who gives a reason besides taxes for departing California is lying.

California is superior to most states in most ways; it's just taxing people too much.

Patrick says

https://www.breitbart.com/entertainment/2023/05/05/actor-scott-baio-leaving-california-after-45-years-its-not-a-safe-place-anymore/

Actor Scott Baio Leaving California After 45 Years: ‘It’s Not a Safe Place Anymore’

California has a lot of stupid laws that have nothing to do with taxes.

https://www.theepochtimes.com/california-report-shows-exodus-continues-los-angeles-lost-the-most-people_5261733.html?src_src=morningbriefnoe&src_cmp=mb-2023-05-13&utm_source=share-btn-copylink

California Report Shows Exodus Continues, Los Angeles Lost the Most People

May 12, 2023

Population declines continue to plague the Golden State, with a newly released report detailing the losses. While some areas in the Central Valley and Inland Empire saw growth, Southern California led the way in departures.

The state’s population dipped .4 percent from January 2022 compared to the same time this year, falling below 39 million residents for the first time since 2015, according to the California Department of Finance.

Recent declines are unprecedented in the state’s history, with data showing growth every year from 1900 until 2020—when nearly 1 percent of residents chose to leave during the height of pandemic restrictions—and declines have persisted since. ...

High taxes, burdensome regulations, unaffordable housing costs, and increasing crime rates are the oft repeated reasons for those choosing to flee the state, according to experts.

Also consider the attempts by the state to turn kids trans or gay with flags and other propaganda in classrooms and teachers who tell their students to hide this indoctrination from their parents.

Any current stats on current income and how that has changed adjusted for inflation?

This is all I could find from last year:
California's average weekly wage dropped by $10 in a year – or 0.6% – to $1,572 for the April-to-June quarter. The top gain nationally was in Idaho, up 8.5%, followed by Vermont at 8.1%, Maine at 8%, Montana at 7.4% and Georgia and Utah at 7.2%.Nov 26, 2022

How far inland do you have to be in Florida to be "safe" from hurricanes and not have huge insurance costs?

I'm wondering if I might set up my retirement to be a snowbird in FL and summers in Idaho.

The solution is to live 3-4 mlles inland.

The nice thing about Florida are the beach and boating; the best ocean conditions are along the Atlantic where the Gulf Stream passes by close to shore. The Gulf Stream is warm, clear water.

clambo says

The solution is to live 3-4 mlles inland.

I would think that you would want a minimum elevation above sea level as well.

There's little change in elevation but you can avoid areas which are known to have been evacuated or flooded, etc.

clambo says

There's little change in elevation but you can avoid areas which are known to have been evacuated or flooded, etc.

I'll take 23 ft before I'd take 12. This is based on looking around

RedStar says

I'm wondering if I might set up my retirement to be a snowbird in FL and summers in Idaho.

You stole my idea! Except maybe Spring and Fall in TX.

just_passing_through says

RedStar says

I'm wondering if I might set up my retirement to be a snowbird in FL and summers in Idaho.

You stole my idea! Except maybe Spring and Fall in TX.

Great minds think alike! I have little experience with Texas but I am in love with Idaho and Montana.Already have the house in Idaho, need the winter one soon.

https://calmatters.org/commentary/2022/08/california-is-leaking-vital-high-income-taxpayers/

IN SUMMARY

California is losing population and some of those leaving the state are high-income taxpayers who provide a huge share of the state’s revenues.

After 170 years of population growth — occasionally explosive growth — California is now experiencing population loss for the first time.

As foreign immigration and birth rates declined, they no longer offset net losses in state-to-state migration. Since 2010, 7.5 million people have left California while 5.9 million people have come from other states.

That gives rise to a question: Who is leaving California and why? ...

California’s top income tax rate, 13.3% on taxable incomes over $1 million, is by far the nation’s highest and when added to the top federal rate of 37% pushes the overall bite to more than 50%. Moreover, a tax overhaul during the Donald Trump presidency basically ended the ability to deduct state income taxes on federal returns.

If anything, California’s taxes on the wealthy are likely to increase. Proposition 30, a measure on the November ballot, would boost the top marginal rate to over 15%, raising money for programs to battle climate change, and another tax hike is headed for the 2024 ballot.

The wealthy are quite capable of protecting themselves, including moving to another state. However, they are vitally important to California’s schools, health care and myriad other public services. Income taxes account for three-quarters of California’s general fund revenues and the top 1% of California taxpayers generate nearly half of those taxes.

That’s just 150,000 taxpayers in a state of 40 million, so even a trickle of departures has a potentially huge impact on the budget.

Patrick says

That’s just 150,000 taxpayers in a state of 40 million, so even a trickle of departures has a potentially huge impact on the budget.

Been saying it. You guys will likely be fine. But the quality of living is going to go to absolute shit. The climate and scenery is too good that people will stick it out. But the people with millions of dollars that can move to Scottsdale, AZ, Texas, FL, etc. they will.

CA is late to the party and it's going to take a massive toll as the article mentions on tax revenue. Cuts and tax raises are coming. Look at the IL and specifically Chicago playbook for exodus. You're going to be stuck with a bunch of poor, service sector workers that don't pay taxes.

Patrick says

Lol. Uhaul is the best metric in my opinion for many things, mainly migration within the country. Your city losing population and the city you're moving into that could be in a bubble and you're buying at peak.

We have two small Uhaul gas station type setups. For 7 years they basically just stopped operating them. Now we have a surplus of trucks. All of this is obvious and visible. People are moving to rural areas in my region is my anecdotal evidence since I can see it. That means there's a lot of one way movers put it that way. The trucks keep stacking up. But I think it's in state migration. Say from Oak Park, IL or Chicago to my area. Hell my newish neighbor is a Puerto Rican from Humboldt Park, Chicago

I'm trying to figure out storage units as well. We've had limited new building, 5 houses in a decade, but we have a shit load of storage unit increase over the last 2-3 years in a small town. 30-40 unit increase with no new building basically. It's confusing. I can see the locks. It's at 100% occupancy. $75/mo-$125/mo for about 100 units. Maybe people just have more shit.