Southern California's rent prices have started to explode. (money, salaries, cost)

[tijlover]

Factors!

From what I've read 20%+ of the buyers in CA are cash-rich Chinese buyers. If they blow $500k+ on a house, stay there 3 years, they become U.S. citizens. Same thing is happening in Miami with Latin Americans doing likewise.

Take out the Chinese buyers, and?

Then there's the extremely selfish, powerful, anti-density NIMBY's. Just an example: a developer wanted to build an iconic 21 story condo building in Santa Monica a couple years ago, designed by Frank Gehry, it would have been the first high rise in Santa Monica since 1970! And what became of that proposal?

The powerful California Coastal Commission will never allow Miami area high rises along their shorelines, not even mid rises. And who is on the board of the Commission? Single family owners with homes along the coast?

A developer wanted to build an urban Manhattan high rise village in Hollywood. Last I heard: this proposal will first have to go through several neighborhood committees before it's approved. And how long will that take? A decade? And wait until it reaches the Nimby's in the Hollywood Hills, where this project might block their views of the smog or the Airport!

San Fran-Nimby is hopeless, largely ruled by the Nimby Kings and Queens of the Hills. How dare they even propose a mid rise or high rise that will block their views of the Bay or Alcatraz!!! Yes, there's some high rises going up in the Mission District, but that's OK, because that helps block their views of Oakland!

And across the Bay, Oakland/Berkeley, you've got a very high percentage of anti-development, anti-density Nimby's as well.

There's a method to their selfishness. Sell their over-priced homes in their retirement years, and with that big chunk of money, they can buy 2 or 3 retirement houses.

1 out of 3 move here to Las Vegas. I've met a number of them. Sold their overpriced homes, bought a house here for a third or 4th of the price in CA, and they sock the rest of it in the bank, yup, retire at 50!

[mysticaltyger]

Originally Posted by lily4881

Californians who were born here are going to leave more and more. I can't see how anyone would want to have a family here unless they were making $100,000+ a year and even then they got to learn to accept a lower standard of living.

This isn't a new trend in CA. It's been going on for 30 years now.

[skeddy]

you would think California would help the countless homeless people that live there instead of building a train to nowhere but then again, Californians aren't known for helping each other out.

[tijlover]

Originally Posted by skeddy

you would think California would help the countless homeless people that live there instead of building a train to nowhere but then again, Californians aren't known for helping each other out.

And the homeless are so expensive to taxpayer's. On a national average it costs taxpayer's $42,500 a year for each homeless person on our streets.

[17thAndK]

Originally Posted by skeddy

Californians aren't known for helping each other out.

I thought they were all mindless libbies who enact one welfare program after another to make poor people dependent on them and secure their votes forever. You people might want to get your stories straight.

[Perma Bear]

Originally Posted by 17thAndK

I thought they were all mindless libbies who enact one welfare program after another to make poor people dependent on them and secure their votes forever. You people might want to get your stories straight.

Better than living in Alabama still.

[17thAndK]

You underestimate Alabama. A quick review of your posting history suggests that you might well be much happier and generally better off there.

Best Places to Live in Alabama

More Recommendations for Alabama

[Perma Bear]

Originally Posted by 17thAndK

You underestimate Alabama. A quick review of your posting history suggests that you might well be much happier and generally better off there.

Best Places to Live in Alabama

More Recommendations for Alabama

Not a fan of 100 degrees with humidity, floods, hurricanes, and backwards people.

[s1alker]

People are flocking there not because of the warm weather, but because of the modern job market which is tech based. Many of those tech companies base out of California.

[Serious Conversation]

There are plenty of open jobs in cheaper, more reasonable areas of the country. Vote with your feet and move to better areas.