The Great California Exodus Accelerates (purchase, food, deals)

[Tulemutt]

Originally Posted by mainecoon1

Taxes had been going up a lot almost all over the country during the last 2 years, because of jacked up real estate prices/inflation. People are literally being taxed out of their homes in some places. Prices went up 2 even 3 times on certain types of homes in some states, here goes huge tax increase. Home insurance went up quite a bit in a few states too, depends on the state regulations - because of inflation of prices of materials, labor and about everything. I've been seeing insane quotes on home insurance in some states, literally a cheap tiny home costing several gran to insure. Well, dollar had been devalued 40% within 2 years (but taxes went up twice and more, often). I'm rethinking my early retirement strategy and will seek near tax-free location instead, otherwise it's like renting from the government. It's not really "ownership".

May I suggest Somalia?

[2sleepy]

Originally Posted by Teacher Terry

Californians have been moving to Nevada in droves in the past 25 years and especially the last 5. Who could blame them as they sell their homes and can buy a nicer one here which of course caused our prices to skyrocket.

There was more to the increase in Northern Nevada home prices than people moving from other states, it's called "Tesla Mania".

[Tulemutt]

Originally Posted by mainecoon1

No, thanks, I'd rather skip the place where the likes of you live

I live in central coast and southern California … and part-time in Washington and Hawaii.

So, anyway, where is it you are going to go to “escape the tax-man”?

[done working]

Anywhere but Calif - thats have the tax and fee gig down pat. Whats the price of diesel now?

[NORTY FLATZ]

Originally Posted by done working

Anywhere but Calif - thats have the tax and fee gig down pat. Whats the price of diesel now?

"Road" diesel, or "marine" diesel?

We must comply with CARB diesel, which is currently about as cheap as it gets (seasonally.) Mid August is generally the "lowest" demand for diesel. After the agriculture/construction use and just before "fuel tenders" are bulking up for Winter's home heating oil demand. "Marine diesel can be EPA" spec fuel in Calif. (Maybe I shouldn't have said this...)

Only this year, it may become SCARCE due to a fire at a certain refinery, and other distribution snafu's.

(Russia won't be helping either.)

So, my advice to anyone, would be to fill yer tanks and back pockets today.

I could tell you what I retired from, but you wouldn't believe it....

[CA4Now]

Originally Posted by Ultrarunner

Honest question as I love Western WA but property taxes in WA are giving me fits.

Have you or your daughter opened the Property Tax Bill and been floored with the amount?

That must be awful (and is what happened here before Prop 13).

State property taxes doubled in three years; now voters are rejecting even higher school taxes:
https://www.washingtonpolicy.org/pub...r-school-taxes

https://www.sammamishmortgage.com/wa...ty-tax-update/

[done working]

https://www.yahoo.com/news/californi...231247792.html

I wonder how many large fast food joints just say good bye!

$22 to flip burgers and make a milkshake. How many of these people will be laid off due to robots?

[MechAndy]

It used to be that owning a fast food place like McDonalds was an assured path to wealth.
Now not so much.

[tikkasf]

Originally Posted by done working

https://www.yahoo.com/news/californi...231247792.html

I wonder how many large fast food joints just say good bye!

$22 to flip burgers and make a milkshake. How many of these people will be laid off due to robots?

Without giving a opinion yet on the $22 hour supposedly to be paid.......I would walk out of any restaurant that has food served by a robot. I don't eat at fastfood places like McDonald's though.

[Grune D]

Owned.

Originally Posted by blameyourself

You're the one that claims to be the astute business owner than comes up with the ridiculous comment above (I don't know of a single business owner that would look at a situation in that manner and think it's make sense....hence, I'm doubting you ever ran a business).

So let's see. Someone pays $280k for a house and it will now sell for $1.5 million. Compare and contrast with someone that pays (ballparking here $70k in 1994 in Round Rock and can sell for $600k).

Your claim: Oh dear look at those capital gains taxes you're going to pay

House in SF Bay Area if sold:

$1.5 million -280k-$500k= $720k x 15% (cap gains) = $108k in taxes

Net profit $1.5 million -$280k-$108k =$1,112,000

Round Rock home if sold:

$600k-$70k-$500k = $30k x 15% (cap gains) =$4,500 in taxes

Net profit $600k -$70k-$4.5k =$521,500

It's not rocket science and no business person would focus on a 15% cap gains tax. They would focus on the net profit on the deal.

In the case of the home in the Bay Area, there was a lot more leverage power (which we used and increased our net worth even more, but clearly you don't understand that based on your 1st comment above). In addition, the families would be similar as the Round Rock family is not going to make nearly the salary of the person living in the Bay Area (so it's not like they could have bought multiple homes).

Top it off with you not having a clue of the housing market in the Bay Area based on your comment. How much money do you think people lost in the Bay Area that simply held on to their homes after the last recession? How ridiculous to only focus on the low point of a recession and think you have a valid point. I think it's pretty obvious you never ran a business and were probably just a worker bee that got priced out (hence the bitterness in every post you make).