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They will be just fine. California is the 5th largest economy in the world, and contrary to your claim, there are plenty of top-notch corporations there, and same is true about NY. Poverty in the Southern States is a bigger concern.
That really doesn't mean that much when you look at CA's overall fiscal condition and how bad off the state is financially.
You're honestly gonna tell me that actual American citizens living in trailers is worse than 2 million illegals that your taxes go to pay their healthcare? Among CA's other outrageous taxes?
California is the joke of the nation. I'm not saying Alabama and MS are great either but at least the poor people are actual citizens. You don't see their governors telling illegals to walk right in.
That really doesn't mean that much when you look at CA's overall fiscal condition and how bad off the state is financially.
You're honestly gonna tell me that actual American citizens living in trailers is worse than 2 million illegals that your taxes go to pay their healthcare? Among CA's other outrageous taxes?
California is the joke of the nation. I'm not saying Alabama and MS are great either but at least the poor people are actual citizens. You don't see their governors telling illegals to walk right in.
What's the benefit of being a "citizen"?
If you get the same benefits as the citizens what difference does it make?
If you get the same benefits as the citizens what difference does it make?
Oh gee I dunno, citizens are legally protected by this thing called the Constitution and they're not criminals just because they're living in poverty. Illegals are.
Illinois has a serious unfunded public pension funding obligation, going back 60+ years.
Illinois is 1/7 states with a constitution that guarantee accrued public pensions, come what may.
Only way out is to create new sources of tax revenue and increase taxes. Recreational Marijuana which becomes legal in 2020, is viewed as a major source of new revenue.
Illinois has the 8th lowest income tax rate out of the 43 states that impose an income tax. Property taxes, mostly schools, are another matter.
Illinois is 1/8 states with a constitutional flat income tax. This will likely change next year dependent on a vote of the people.
the same thing that's happening in California will happen in Illinois. Raise the taxes on pot so high that the black market will be the ones making the cash, not Illinois. So predictable.
Housing costs rise when local demand for housing exceeds local supply.
People have been making economic migrations, since forever.
Good point. Again, if California is having this huge exodus, why is the demand for affordable housing more insane than ever.
Quote:
Originally Posted by middle-aged mom
One rarely hears those relocating for property tax reasons talk about the windfall they receive upon the sale of their homes. Same deal with long term owners in gentrifying areas.
Let’s not forget that some of those owners prematurely withdrew equity out of their homes and many of them did so to live beyond their means. This phenomena is certainly not limited to NY.
Arizonans are insanely upside down on their homes for that very reason...people took huge loans out against their homes for stupid purchases.
Quote:
Originally Posted by ram2
The entire western US has been populated by those leaving California over the past 30+ years. Even Montana and Wyoming are now home to many California refugees.
That’s hype. Californians buy lots of vacation properties in Montana or Wyoming, but they aren’t all living there. A few do, the overwhelming majority do not. That’s just a spread they buy for bragging rights. If you live in LA or San Diego, you’re not going to want to live in Montana or Wyoming on a full time basis. Forget about it. Those places have few services, crappy weather, ho hum restaurants, and nothing for proper entertainment.
Great places for a ranch getaway, but nowhere to actually spend your life.
Quote:
Originally Posted by middle-aged mom
40 million people in California. Not likely most, including the middle economic class, are leaving the state.
Correct. Anyone spending a few days in each metro area in California can easily see that there’s no exodus. Sure, people are leaving to cash in and retire in cheaper locales elsewhere, but certainly not enough to cause any alarm.
California is still a very popular place to live for those who can afford it. The CD’ers crying about how bad the state is couldn’t afford to live there anyway, so it’s easy for them to trash the place. 90% of them have likely never even visited the place.
Quote:
Originally Posted by xray731
New York does not only consist of NY City - it's a big state with much of it devoted to farming, vineyards and industry. Housing prices are some of the lowest in the nation outside of NYC - the problem is the taxes keep going up and up and up and boomers are leaving for warmer climates with lower taxes. We just can't keep paying the increase for all the social programs when we have limited income.
Of course you can keep paying the increases. And you will. They aren’t gonna tax you for more than you can pay. You mean that you just don’t wanna pay it. But so what? No one wants to pay for anything anymore.
Quote:
Originally Posted by Finn_Jarber
They do release numbers. Their debt level (as a percentage) is in the middle of the pack, about the same as Texas.
They don’t want to hear that.
Quote:
Originally Posted by Mister 7
That really doesn't mean that much when you look at CA's overall fiscal condition and how bad off the state is financially.
You're honestly gonna tell me that actual American citizens living in trailers is worse than 2 million illegals that your taxes go to pay their healthcare? Among CA's other outrageous taxes?
California is the joke of the nation. I'm not saying Alabama and MS are great either but at least the poor people are actual citizens. You don't see their governors telling illegals to walk right in.
Lol...Alabama and Mississippi are chock full of illegal immigrants. One raid in Mississippi netted 680 people at ONE plant!
So I’m supposed to believe that there aren’t dozens more facilities just like that one between Mississippi and Alabama combined? Staaaaaahp it.
No, their governors don’t tell illegals to walk right in. They say “stay out” with their mouths (for votes) while they give a knowing wink at all the business owners and farmers to hire all the illegal labor they want.
Maybe you’re fooled by what’s going on, but many of us aren’t.
The thing is, people that have lived in NYS and want to move out are kinda squeezed. Housing prices are not appreciating in NYS (at least upstate) at anywhere near the rate they are in most of the nation. $250k will buy a nice house in much of WNY (perhaps not fancy, but very livable). In N. Idaho at least-you struggle to find acreage to build on for that much, let alone a house. Someone planning to retire, sell their NYS house and buy for the same value elsewhere are in for a nasty surprise. So much of that is due to property (and other) taxes. In NY a middle class house can run upwards of $1000 a month just for taxes. For most people-that doesn't leave a lot to actually pay on the mortgage, and hence depresses prices.
Right. So if you were fortunate enough to buy and own a home in NY, your NY money will still stretch further out of state. When you go somewhere the property taxes are 800, 1500, 2000 a year, that's a huge savings. Downstate taxes are 10k and up. So even upstate selling a home for 200k with 3-5k a year in taxes you'll still be ahead of the game somewhere else with equal or less housing costs and much cheaper property taxes. And also, utilities. NY has some crippling utility rates, especially electric. NY is just railroading the middle class out.
That really doesn't mean that much when you look at CA's overall fiscal condition and how bad off the state is financially.
You're honestly gonna tell me that actual American citizens living in trailers is worse than 2 million illegals that your taxes go to pay their healthcare? Among CA's other outrageous taxes?
California is the joke of the nation. I'm not saying Alabama and MS are great either but at least the poor people are actual citizens. You don't see their governors telling illegals to walk right in.
I'd say that no matter how many problems there are in CA, we have a heck of a lot more positive going on than Mississippi or Alabama. There is no comparison. Come on...
Last edited by Oakformonday; 11-25-2019 at 08:58 PM..
Lol...Alabama and Mississippi are chock full of illegal immigrants. One raid in Mississippi netted 680 people at ONE plant!
So I’m supposed to believe that there aren’t dozens more facilities just like that one between Mississippi and Alabama combined? Staaaaaahp it.
No, their governors don’t tell illegals to walk right in. They say “stay out” with their mouths (for votes) while they give a knowing wink at all the business owners and farmers to hire all the illegal labor they want.
Maybe you’re fooled by what’s going on, but many of us aren’t.
Holy moly 700 people!!! At least those states and laws don't condone illegal immigration.
The thing is, people that have lived in NYS and want to move out are kinda squeezed. Housing prices are not appreciating in NYS (at least upstate) at anywhere near the rate they are in most of the nation. $250k will buy a nice house in much of WNY (perhaps not fancy, but very livable). In N. Idaho at least-you struggle to find acreage to build on for that much, let alone a house. Someone planning to retire, sell their NYS house and buy for the same value elsewhere are in for a nasty surprise. So much of that is due to property (and other) taxes. In NY a middle class house can run upwards of $1000 a month just for taxes. For most people-that doesn't leave a lot to actually pay on the mortgage, and hence depresses prices.
Yes retirees are leaving and upstate NY isn’t different than many places in decline due to loss of manufacturing but I don’t quite see any collapse.
The truth is that people aren’t fleeing New York or California in droves like people love to say. Sure, people leave, but the replacement rate is astonishing.
Supposedly, California is emptying out. That’s obviously a lie. Every time I visit (7 or 8 times a year), it’s just as crowded as it’s always been and in some parts, it’s even more crowded.
It keeps getting more crowded.
People who can pay $3000 for rent and a million for a house are replacing those who can't.
Plenty of small upscale businesses are proliferating in once blighted neighborhoods. Areas of Downtown, a literal ghost town after dark as recent as ten years ago now look like Park Avenue.
Those of us who find a way to get to by in spite of not having limitless income will continue to do so as long as we can. I am paying $550 a month for half an apartment in a dump building owned by a kind elderly gentleman who seems more interested in stable tenants but we can know what will eventually happen.
Sunny weather 350 a days a year, good eats, everything walking distance and a cacophony of cultural events to choose from close by (for me, concerts, every week) is worth whatever the cost as long as we can afford.
Sure, I can save money living in Grand Island, Nebraska, but what would do there?
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