For Californians, the golden dream depends on where you live and how much you earn (low income, apartments)

[stablegenius]

Originally Posted by popwar

As much as people hate California more than ever for their laws, high COL, it's leaders tactics and approaches on issues, do you think it's still California Dreamin' ? I've only had a short visit near Aspen, through LA outskirts and hiked some in NorCal. I prefer north to south overall so far , and don't agree with some things. I'd still choose to live in northern Ca if given a choice on where to live long term.

What are your thoughts?

It depends on where you live and how much money you make. If you can afford to live away from crowds or not commute to work (like me), it's better.

[Bonezman765]

The old California that was growing like crazy is long gone.... The current California is nice if you were grandfathered in, you can afford it here, or you're one hard working sob (this assuming you want to live in Coastal California that is).....

[Ruth4Truth]

Originally Posted by stablegenius

It depends on where you live and how much money you make. If you can afford to live away from crowds or not commute to work (like me), it's better.

Voila! Exhibit A.



And the dream may have become all the more accessible, now that working from home has become more widespread and acceptable.

[oldcarguy49]

Originally Posted by CaliRestoration

https://www.ocregister.com/2019/10/3...ved-a-38-jump/



Those are pretty much my thoughts. Most wage earners who can find jobs outside of the state are simply leaving. Those who are tied to the state (state workers, welfare takers), usually stay. California's population is only sustained through birth rates, and even then, mostly centered in one particular demographic. I'll let you guess which one based on the politics of the state.

If you're rich (we're talking at least over $5 million net worth), none of this really matters.

For anyone making south of 100k, the "California Dream" doesn't really exist anymore.

Now the state is facing a near $60 billion budget deficit and 7 million unemployment claims. Major cities in the state are defunding their police. I predict crime will rise shortly. Sounds kind of like a nightmare to me.

Prior to Covid, California had a $50 Billion surplus, and unemployment quite low.

[Avondalist]

Originally Posted by oldcarguy49

Prior to Covid, California had a $50 Billion surplus, and unemployment quite low.

The California state government's revenue structure is heavily dependent on taxing capital gains and high salaries. These wild swings in revenue always happen with a recession.

The test for a government is whether they can save money during the good times to spend during the bad. This is especially true for California given how pro-cyclic its revenues are.

[HJ99]

I am still scratching my head over people long ago as industrial revolution intially ramped up, that decided living in small cracker box eating cheapest crappiest food they could find/afford and laboring 12hr a day in mind numbing hard labor was better than rural life they previously had. Course guess it mostly depended on whether you were a free lander or serf/tenant laborer. Free lander lifestyle always been way to go if you could grow enough food for your family and pay your yearly tribute to the king to remain a free lander.

[Avondalist]

Originally Posted by HJ99

I am still scratching my head over people long ago as industrial revolution intially ramped up, that decided living in small cracker box eating cheapest crappiest food they could find/afford and laboring 12hr a day in mind numbing hard labor was better than rural life they previously had. Course guess it mostly depended on whether you were a free lander or serf/tenant laborer. Free lander lifestyle always been way to go if you could grow enough food for your family and pay your yearly tribute to the king to remain a free lander.

I have relatives who own a family farm. Subsistence farming is a terrible life. Dull and dangerous. Who pays if you need medical care? You need to generate a surplus.

Same relatives own about $1 million worth of land and close to another million in equipment. All built up over decades, and the land for over a century. With all of that they barely hang on, and also work 14 hour days. Farming is a hard, hard life.

People move to the city for opportunity. Even with less space and higher costs, most are able to save more in a city than in a rural area. Cities are also more fun. Suburbs are the best places for kids.

[happly retired]

Nearly Same Amount of People Move to California as Move Away
By Kiki Intarasuwan • Published January 3, 2019 • Updated on January 3, 2019 at 9:12 am

Nearly the same amount of Californians are moving out of state as the number of people moving into the state, according to a new study.

United Van Lines’ National Movers Study found that 54.4 percent of movers are leaving the Golden State and 45.6 of them are settling in, and it may come as no surprise that the majority of people moving in and out make $150,000 or more per year.

The study tracked people's primary reason for moving and 62.49 percent of inbound movers said the reason was for a job. The majority of outbound movers, 41.19 percent, also moved for their career.

it appears that higher earners are moving out too and younger ones in search of those high paying jobsA highly detailed study by two Stanford University economists, Joshua Rauh and Ryan Shyu, provides new fuel for debate over California’s dependency on the rich. They conclude that the out-migration and “behavioral responses” of high-income taxpayers increased markedly after voters approved Proposition 30, a 2012 measure that sharply increased their income taxes, and the effect was a reduction in net revenues to the state

it appears high earners are taking there money out more than moving in - but we already knew that and the politicians keep on finding ways to steal more and more every day - and the substantial number of retiring leaving and taking three 401k and SEP accounts with them to will reduce even move revenue from the stealing bastards in Sacramento in the next few years when mandatory withdrawals take place.

i wonder how many hamburger flipper jobs you have to have to even fill your gas tanks in a few more years? i guess you can but a 80k tesla and plug it in but trust me the stealers will find a way to grab a piece of that pie too

[matzoman]

Originally Posted by V8 Vega

The California dream is to have bought your house a couple of decades ago.

Exactly. These are some of the only people and their offspring that enjoy life in the golden state. The ones that bought and paid off their family homes in the 80's 90's.

[Racer46]

Originally Posted by happly retired

Nearly Same Amount of People Move to California as Move Away
By Kiki Intarasuwan • Published January 3, 2019 • Updated on January 3, 2019 at 9:12 am

Nearly the same amount of Californians are moving out of state as the number of people moving into the state, according to a new study.

United Van Lines’ National Movers Study found that 54.4 percent of movers are leaving the Golden State and 45.6 of them are settling in, and it may come as no surprise that the majority of people moving in and out make $150,000 or more per year.

The study tracked people's primary reason for moving and 62.49 percent of inbound movers said the reason was for a job. The majority of outbound movers, 41.19 percent, also moved for their career.

it appears that higher earners are moving out too and younger ones in search of those high paying jobsA highly detailed study by two Stanford University economists, Joshua Rauh and Ryan Shyu, provides new fuel for debate over California’s dependency on the rich. They conclude that the out-migration and “behavioral responses” of high-income taxpayers increased markedly after voters approved Proposition 30, a 2012 measure that sharply increased their income taxes, and the effect was a reduction in net revenues to the state

it appears high earners are taking there money out more than moving in - but we already knew that and the politicians keep on finding ways to steal more and more every day - and the substantial number of retiring leaving and taking three 401k and SEP accounts with them to will reduce even move revenue from the stealing bastards in Sacramento in the next few years when mandatory withdrawals take place.

i wonder how many hamburger flipper jobs you have to have to even fill your gas tanks in a few more years? i guess you can but a 80k tesla and plug it in but trust me the stealers will find a way to grab a piece of that pie too

Wait, I have always been told that only the poor are leaving?