Exodus of California, does it concern you?

[Tulemutt]

Originally Posted by BB_210

Is this self inflicted ignorance? Does it hurt?

"Here's issue A, and the harm it's causing"

"Look at this cherry picked data, let's ignore the outlier population since they don't matter, now let's throw out realistic solutions, see, issue A is actually a good thing. Everything is ok!"

https://ih1.redbubble.net/image.1605...600,f8f8f8.jpg

This doesn’t make a lick of sense ...

[Gaylord_Focker]

Originally Posted by SCSD88

Bet it's Austin. Look at this listing that started out at $800k and got bid up to maybe $1.175M. Getting close to Ca prices.

https://www.redfin.com/TX/Austin/180.../home/31617928

Huge fan of Austin, but at those prices I'll stay in California. yeah, love Travis Heights too but come on. Also, property taxes are higher there.

[Gaylord_Focker]

Originally Posted by SCSD88

Austin property tax rate is 2.144%, with a property value increase capped at 10% annually. Looks like there is a $25k general homestead exemption and an optional 20% of the value exemption. Haven’t looked the optional exemption up to get the details. Regardless, I wouldn’t want to live in that house for over $800k. It’s a great area for Austin, but terrible schools so not sure who’s moving there. A few realtors said almost all their clients are BA techies with no kids.

Correct, that area is basically hipsters and techies. I know there's a lot of old Austin folks still left there of course. Keep in mind south Congress is essentially walking distance to downtown, hence the price.

[2sleepy]

Originally Posted by Cinema Cat

You really need a link to show that impoverished illegals are pouring across the border? Seriously? Google it and you'll have as many links as you want.

You really doubt that more illegals than millionaires are coming into California? You think there are so many millionaires that they are are flooding our borders?

I would like to see a link validating this:

Originally Posted by Cinema Cat View Post
It's mostly middle and upper middle class moving out, but also some extremely wealthy tax dodgers. Meanwhile, large numbers of indigent illegal aliens and homeless are moving in -- far more than the few millionaires moving in.

[TheseGoTo11]

There is no state with a slow growth or declining population holding its bond rating. The reality is losing people net is going to be a problem because like Illinois, NY, NJ, and CT, there's little chance union benefits driving up state liabilities will be cut.