Henderson Nevada was ground zero for the housing collapse in 2008.
https://www.zerohedge.com/news/2019...da-golden-state-expats-flock-las-vegas-suburb
https://www.zerohedge.com/news/2019...da-golden-state-expats-flock-las-vegas-suburb
Put this in the back of your mind - Californians fleeing the bed they made
- Thread starter HighStickHarry
- Start date
In 1993 sold my town home in Jackson Hole to a guy moving from the bay area....he absolutely hated the liberal wave that was taking place. So sold his business, in CA, and moved to Jackson to become a landlord. Would think most of these people would break out of their liberal cocoon and emerge on the other side never wanting to see a liberal in office again.
To be on the safe side though...please don't move to OK.
To be on the safe side though...please don't move to OK.
Harry, sold it for $93K, probably worth $250K now. Still kick myself for selling but probably would have lost it at the end of marriage one and would be kicking myself even harder. My ex-in-laws were not particularly magnanimous to me when I was married to their daughter. When we got divorced they left me alone because didn’t have anything worth taking. Been different had I still owned the townhouse dam near in downtown Jackson.
The place has been overrun with the wealthy now and I rarely go back to visit. We have another board poster who lives in that area and he could attest to the silliness that goes on now, I lost interest in keeping track long ago.
Looked at some real estate prices a few weeks back and got only $950K you can buy 5+ acres in the valley and that not on a creek, river and with limited views.
Related to this math?
https://www.realclearpolitics.com/a...lifornias_rendezvous_with_reality_139605.html
California's 40 million residents depend on less than 1 percent of the state's taxpayers to pay nearly half of the state income tax
In other words, California cannot afford to lose even a few thousand of its wealthiest individual taxpayers. But a new federal tax law now caps deductions for state and local taxes at $10,000 -- a radical change that promises to cost many high-earning taxpayers tens of thousands of dollars.
If even a few thousand of the state's 1 percent flee to nearby no-tax states such as Nevada or Texas, California could face a devastating shortfall in annual income.
https://www.realclearpolitics.com/a...lifornias_rendezvous_with_reality_139605.html
California's 40 million residents depend on less than 1 percent of the state's taxpayers to pay nearly half of the state income tax
In other words, California cannot afford to lose even a few thousand of its wealthiest individual taxpayers. But a new federal tax law now caps deductions for state and local taxes at $10,000 -- a radical change that promises to cost many high-earning taxpayers tens of thousands of dollars.
If even a few thousand of the state's 1 percent flee to nearby no-tax states such as Nevada or Texas, California could face a devastating shortfall in annual income.
Generally I think self-deprecation is healthy for people. Not so much for the doggies in this case.
The California Department of Education just released 2018 testing results.
Only 27% of the state’s largest demographic met minimum standards in math, and 39% met state standards in English.
Wow you would think with education in that dire condition I could buy a 1000 sq foot house in Sausalito for less than $500KThe California Department of Education just released 2018 testing results.
Only 27% of the state’s largest demographic met minimum standards in math, and 39% met state standards in English.
You'd think for all their taxes that their education rates would be higher.
41st in per student spending. Again, why do houses cost so much in such an awful state?
Supply and demand. If you restrict the ability to build anything new (like California does), then you artificially inflate the value of the existing objects. Dallas and Oklahoma City prices would be much higher if those communities suffered the same new construction challenges that California faces.
Yeah I understand the supply restriction, but where is this demand coming from? I mean taxes are high, schools are bad, and people shit on the streets. Who is demanding to pay $500 per square foot in this failed state?
Only a moron would choose to live in those parameters, which explains why those communities are 90% liberals.
Ok no problem. Do you think the haves are going to bad schools? Are the haves walking past skid row in LA? They have pushed poverty out of their way. San Fran throws 70 bucks a month and free needles at their impoverished. I’m not sure why you are arguing that it’s surprising a coastal area hasn’t seen a macro drop in demand. Regular people do have crappy schools. They do have huge burdensome taxes.
I guess the question is why there are so many regular people are paying high rent and burdensome taxes to send their kids to crappy schools? Houses in the worst parts of LA are selling for $150 per square foot, not something that you would expect to see in a failed state.
Such a f*cked up state. The end result of when LGBTQwxyz fascists get to enact what they want.
States are fighting hard to keep wealthy from leaving or at least skipping out on their taxes.
If you do leave a high tax state, take the dog.
https://www.bloombergquint.com/onwe...ee-states-targeted-by-salt-limits#gs.xruzfRzd
If you do leave a high tax state, take the dog.
https://www.bloombergquint.com/onwe...ee-states-targeted-by-salt-limits#gs.xruzfRzd
