Californians Packing up and leaving.... (colleges, tax, price)

[2sleepy]

Originally Posted by MarciaMarshaMarcia

But can you afford to buy a home in a safe, clean neighborhood that is a reasonable commute from your job, w/o taking on roommates? And, after paying your mortgage, is there enough left for life essentials, not even counting savings for retirement & emergencies?

Of course you can, you just can't do it in San Francisco or Los Angeles. My husband and I are retired, we moved back to California from Nevada two years ago. We have a lovely mid-century modern home in a safe clean neighborhood in Sacramento. Two years later it's still possible to find a decent SFH in Sacramento, Yolo or Placer county for around 300k which is affordable for most people, even retired old folks like us

[2sleepy]

Originally Posted by neutrino78x

lmao @ all of Japan cheaper than California. Yeah, I don't think so.
Renting might be cheaper. Renting a one bedroom apartment is 1300/month in Tokyo.

True but that 1 bdrm apt is probably 170 sq ft lol

[2sleepy]

Originally Posted by ringwise

Funny, you ignored Texas, which is run by conservatives. And where the economy is booming. Businesses are coming to Texas, because of that great economic environment.

lol Texas economic boom about to lose lots of sizzle

[jm1982]

Originally Posted by 2sleepy

lol Texas economic boom about to lose lots of sizzle

"Gaines expects to see a slowdown in home sales soon, though it hasn’t shown up in the data yet. A very low inventory of homes on the market should continue to support price gains, even as sales slow, he said. But he still expects growth, not a return to the days of the Great Recession with job losses and foreclosures."

I'm sure this is similar for the rest of the nation too including CA.
Also when people hear lower home sales they think price declines which isn't always the way it is as mentioned in quote above from article you posted .

Also if there are price decreases in Texas homes that would be an even better opportunity for people looking to move from CA wouldn't it be ?

[2sleepy]

Originally Posted by jm1982

"Gaines expects to see a slowdown in home sales soon, though it hasn’t shown up in the data yet. A very low inventory of homes on the market should continue to support price gains, even as sales slow, he said. But he still expects growth, not a return to the days of the Great Recession with job losses and foreclosures." I'm sure this is similar for the rest of the nation too including CA.
Also when people hear lower home sales they think price declines which isn't always the way it is as mentioned in quote above from article you posted . Also if there are price decreases in Texas homes that would be an even better opportunity for people looking to move from CA wouldn't it be ?

There is no similar situation occurring in California, why would you suggest there is? And why would anyone want to move to Texas anyway, have you ever even been there?

[jm1982]

Here are some articles pointing to a slowdown in CA

Job growth to slow in California, but no recession on horizon: forecast - San Jose Mercury News
Jerry Brown


The article you posted is speculation. There is no situation occurring in Texas either.

There are always going to be bullish or bearish articles about every city.
Just like in the stock market. Some people are going to say Facebook will rise, some will say Facebook stock will crash soon.
Same with Gold, Oil,etc.

Also , what about the tons of articles speculating on a pop of the bubble in the tech sector in CA?

This Tech Bubble Is Bursting - WSJ
San Francisco Is Bracing for Life After This Tech Bubble - Bloomberg Politics

http://www.vanityfair.com/news/2016/...ay-tech-bubble

[CaliRestoration]

Originally Posted by 2sleepy

lol Texas economic boom about to lose lots of sizzle

Slow down from the nearly 10% employment growth the state has had over the past decade? What will it slow down to, 8% over the next 10 years?

If that's doom and gloom, then what do you say about California?



Wait, let me guess, the "big california boom" is right around the corner right?

[jm1982]

This is also pretty scary too..
California unprepared for next recession


In an analysis of the four most populous states in the nation — California, Texas, New York and Florida — Moody’s found that California was least prepared for the next recession, while Texas would likely fare the best.

While Texas has more than three times the reserves needed to cover a projected revenue shortfall in the event of a recession, California has less than 1 time the coverage.

[CaliRestoration]

Originally Posted by jm1982

This is also pretty scary too..
California unprepared for next recession


In an analysis of the four most populous states in the nation — California, Texas, New York and Florida — Moody’s found that California was least prepared for the next recession, while Texas would likely fare the best.

While Texas has more than three times the reserves needed to cover a projected revenue shortfall in the event of a recession, California has less than 1 time the coverage.

Also, Texas has less than 1/4th of the outstanding debt and unfunded liabilities.

But I do like visiting this forum to see how California die hards will spin things to show "how economically healthy California is" and how bad Texas is doing, supposedly.

[jm1982]

I guess the politicians and others feel that CA is "too big to fail" and that they can always borrow their money or tax their way out of problems if it comes to it?