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Not surprising. If you can work remotely and are fed up with local/state/both parts of California government, why not move to the Tahoe/Reno area and enjoy zero

by jdhn 4y ago

Not surprising. If you can work remotely and are fed up with local/state/both parts of California government, why not move to the Tahoe/Reno area and enjoy zero income tax, lower sales tax, and potentially cheaper housing prices and the corresponding lower property taxes? I last lived in Northern Nevada in 2016 and the stream of California "refugees" was always a constant topic.

cromwellian 4y ago
The primary reason why people leave CA is housing prices not "fed up with CA govt", that's a story that the right wing likes to tell, but it basically comes down to the fact that housing is unaffordable. CA ranks #11 in taxes (there's like 7-8 red states ahead of it https://wallethub.com/edu/best-worst-states-to-be-a-taxpayer/2416 https://wallethub.com/edu/best-worst-states-to-be-a-taxpayer...) for average households. People like to wax on about the top 13.3% rate, but very few people pay that, while at the same time, property taxes are atypically low. The main reason comes down to this: Median home price in CA is >$700,000, 2x-3x the rest of the nation (except Hawaii). Now there are government reasons why housing construction is lower, but there's also reasons why demand is so high: people have flocked to CA during economic booms. During the 90s dot-com boom, a 2-bedroom apartment in the Bay Are went from $1200 to $3400. After the 2000 dot-com crash, it dropped back down. Then, after 2009, prices climbed again. You have a large number of white collar professionals wanting to be in the area (yes, despite the 'California exodus' story that keeps getting told, CA still is a net brain drain on the rest of the nation for professionals according to government stats https://www.jec.senate.gov/public/index.cfm/republicans/2019/4/losing-our-minds-brain-drain-across-the-united-states https://www.jec.senate.gov/public/index.cfm/republicans/2019...), and you have existing home owners voting NIMBY to make it harder to accommodate them, the result is prices spiking.

by jdhn 4y ago

cromwellian 4y ago

The primary reason why people leave CA is housing prices not "fed up with CA govt", that's a story that the right wing likes to tell, but it basically comes down to the fact that housing is unaffordable. CA ranks #11 in taxes (there's like 7-8 red states ahead of it https://wallethub.com/edu/best-worst-states-to-be-a-taxpayer/2416 https://wallethub.com/edu/best-worst-states-to-be-a-taxpayer...) for average households. People like to wax on about the top 13.3% rate, but very few people pay that, while at the same time, property taxes are atypically low. The main reason comes down to this: Median home price in CA is >$700,000, 2x-3x the rest of the nation (except Hawaii). Now there are government reasons why housing construction is lower, but there's also reasons why demand is so high: people have flocked to CA during economic booms. During the 90s dot-com boom, a 2-bedroom apartment in the Bay Are went from $1200 to $3400. After the 2000 dot-com crash, it dropped back down. Then, after 2009, prices climbed again. You have a large number of white collar professionals wanting to be in the area (yes, despite the 'California exodus' story that keeps getting told, CA still is a net brain drain on the rest of the nation for professionals according to government stats https://www.jec.senate.gov/public/index.cfm/republicans/2019/4/losing-our-minds-brain-drain-across-the-united-states https://www.jec.senate.gov/public/index.cfm/republicans/2019...), and you have existing home owners voting NIMBY to make it harder to accommodate them, the result is prices spiking.