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Old 12-12-2020, 02:34 PM
 
2,209 posts, read 1,783,065 times
Reputation: 2649

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Quote:
Originally Posted by aslowdodge View Post
I left , now you know another.
I know one also who was definitely upper middle class and left due to the way the State has become.
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Old 12-12-2020, 02:54 PM
 
28,115 posts, read 63,666,290 times
Reputation: 23268
Didn't mention before but when companies leave employees often follow... as in Tech to Texas and several friends working at North Face Alameda corp headquarters now Colorado...

Those not moving may find themselves in a perfect storm as coffers suffer and expenses increase...

There was a time when cashing out of the Bay Area meant Sierra Nevada Foothills for many retired...

Now it often means following the kids out of state and 2 states from my circle capturing the most are Texas and Idaho...

I'm lifelong Californian but have plenty of invitations with places to visit from those that moved...

North Face cited expense of doing business in CA as a factor...

Toyota Fremont plant and Corporate left CA and Fremont plant became Tesla and ironic if Tesla follows...

75% of Toyota employees followed...

Plants like Fremont direct employ thousands and ancilary tens of thousands.
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Old 12-12-2020, 03:10 PM
 
Location: As of 2022….back to SoCal. OC this time!
9,297 posts, read 4,580,042 times
Reputation: 7613
Quote:
Originally Posted by Racer46 View Post
I know one also who was definitely upper middle class and left due to the way the State has become.




It takes a lot more money to be upper middle class in the BA tho. Ppl that are upper middle class somewhere else may be barely making it here so that's why they move ofc. AND I can't blame them.
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Old 12-12-2020, 04:36 PM
 
49 posts, read 58,088 times
Reputation: 83
Quote:
Originally Posted by aslowdodge View Post
Just take the money you’d save on housing in Texas and every month invest it in the stock market. Take that amount and use an online calculator. I used 8% growth for 30 years and that’s how I came up with the number.
Any specific stocks? Or just a robovisor that invests in safe stocks?
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Old 12-21-2020, 03:00 PM
 
4,031 posts, read 4,463,364 times
Reputation: 1886
Despite all the companies leaving home prices are at record high:


https://www.mercurynews.com/2020/12/...demic-deepens/
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Old 12-21-2020, 06:04 PM
 
28,115 posts, read 63,666,290 times
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Yep... boggles my mind... record prices with multiple offers and quick closing is what I’m seeing.
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Old 01-09-2021, 10:23 PM
 
Location: California
1,424 posts, read 1,638,738 times
Reputation: 3149
https://www.bayareamarketreports.com...et-trends-news
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Old 01-12-2021, 12:39 PM
 
596 posts, read 302,523 times
Reputation: 552
.
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Old 01-19-2021, 12:20 PM
 
Location: California
1,424 posts, read 1,638,738 times
Reputation: 3149
Just got my appraisal for refinancing my place. I live in the western part of the city. Appraiser said that Sunset/Richmond doing very well. Said downtown condos obviously getting hit, but they are seeing SFH values increase. My house appraised at the high end of what I was expecting based on zillow/redfin.
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Old 01-19-2021, 02:41 PM
 
2,209 posts, read 1,783,065 times
Reputation: 2649
Quote:
Originally Posted by HappyinCali View Post
Just got my appraisal for refinancing my place. I live in the western part of the city. Appraiser said that Sunset/Richmond doing very well. Said downtown condos obviously getting hit, but they are seeing SFH values increase. My house appraised at the high end of what I was expecting based on zillow/redfin.
That is good for you.
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