I did the math for Mountain View: Average Home | Downpayment | Finance | Monthly payment (Loan + Insurance + Tax) | Necessary Annual income $2,140,000.00 | $4

I did the math for Mountain View: Average Home | Downpayment | Finance | Monthly payment (Loan + Insurance + Tax) | Necessary Annual income $2,140,000.00 | $428,000.00 | $1,712,000.00 | $11,517.00 | $414,612.00 Mix that with high taxes across every category, very high crime, homelessness and extremely poor indebted government providing poor service. The state needs to hit the reset button. Taxes are already high, and a negative feedback loop has started: capital flight, loss of income, increase taxes, which in turn causes more capital flight. The annual costs of the state are increasing because we must retire the boomer generation and pay for past promises. I think the best path forward for California is default, and then start over. The current path is not good. I wish California could compete with Florida and Texas, but it has real structural problems.