Submitted by temeculaguy on April 21, 2009 - 4:15pm.
If you think of all the people you know that fled the state in the past decade I'll bet most were motivated by real estate prices. I know people here will complain about taxes, traffic, illegal aliens or whatever thing that bugs them the most but anyone I've ever known that actually left, R/E played a significant role, with the exception of those moved by their employers. Some sold their houses in the peak years and paid cash in some other state for the same or larger homes, while others fled in frustration because they would never be able to afford to buy here. The two common scenarios have changed, the disparity between California prices and those of many other places have become closer in price, maybe not the same and certainly not the same in certain niche markets but overall the disparity is becoming smaller.
I'm guess considering that CA is still one of the major employers of various industries, that it's still better off than a lot of places that people moved to...I'm guess some of the folks that moved out of state because they felt it was too expensive to own here and finding out that when times are good, you can take the "I'll work in a lower cost area"...But when times are bad, some of those lower cost areas have no jobs and opportunities.
I think what made a lot of places like NV,AZ,OR thrive was the hype of real estate bubble, when "investors" that no longer could afford to speculate in CA for property started looking outside the state for a quick-buck flip opportunity like in NV,AZ,OR,NM, subsequently driving up home prices in those lower cost areas and with that stimulating the economy in those areas. \
I was almost going to purchase RE in those states, and went with the crowd to those states to check things out. Aside from real estate appreciation, I was baffled how any of the local people would be able to afford the new high prices of those homes. Take Oregon for instance. Some homes that use to sell for $300k appreciated to $600k in a few months, when clearly the Oregon economy and job market could not support that sort of level. (Ever wonder why you cannot fill up your own gas in Oregon..Yup unemployment problem...And that was BEFORE this economic meltdown)..Digging deeper into some of those homes, I was finding a lot of those homes were being bidded up by CA folks who took out equity from their primary in CA to speculate.... So much of those local economies were heavily dependent strictly on RE bubble, with no other industry or job supporting those levels. Yet, those bubble times created a lot of fluff jobs in those areas that normally would not have existed.
Now that some of those Real Estate "Investors" are getting slaughtered, the so called strength in economies of those states are were nothing more than an illusion that went when as some of those CA "investors" lost their shirt. As screwed up as CA is, it probably still has more opportunities than some of those other states folks started moving to for "more affordable cost of living".
Also, if you're going to be unemployed/uninsured, the best state to be in is CA afterall...
For the longest time, the media was reporting how "well" Oregon real estate was holding up, and part of me was thinking that this can't sustain because the employment scene was never that good in Oregon...Well looks like I was right. Oregon currently has the highest unemployment rate in the nation.
My Dad is one of those!! He moved out of state in 2006 because housing prices were insane. He is now looking to move back because as he says "he can afford it now". I am one who is cheerleading another leg down in prices but i am beginning to think that it may not happen or may drag on for years and years to come.
Submitted by BuyerWillEPB on April 21, 2009 - 5:55pm.
temeculaguy said, "anyone I've ever known that actually left, R/E played a significant role"
BINGO!
We left 10 months ago and RE was the only reason. I was hanging on waiting with most of you Piggington folks until they announced the Land Bank scheme there in San Diego. Once I realized the govt. and corps. were going to do everything they could to keep the fraudulent house prices sky high, it was the last straw.
Now we're doing much better. Our standard of living is 3-4 times better than what we could afford in San Diego. Plus, I can even afford to get my pilot's license too. Yes, there is a whole big world out there besides CA.
Looks like I got out just in time too. What with all your new taxes and cuts coming down the pipeline. Oh yeah, the DMV still tried to send me the registration/smog renewal to my NEW address out of the state. Let me tell you what a joy it was to write across that notice in bold letters "I am no longer in California as of ..." before mailing it back without my check. My 14 year old pick up would've been a guaranteed smog failure this year too. Looks like they lost out on squeezing those extra few $$$ out of me too.
Submitted by Nor-LA-SD-guy on April 21, 2009 - 6:37pm.
Like I said in other threads, Ca unemployment is about 2% higher now than it would be because of people moving here from other states and looking for work here.
Not that unemployment is not bad here, but the numbers are being Exasperated somewhat.
I still say that there will be a spike in prices in the hardest hit areas when the economy starts to recover, other areas I think will be flat to slow increases.
One more note, (not necessarily a positive one),
Not everyone moves in a U-haul, especially the young and maybe not so rich ones (or just flat broke).
I still think there is a HUGE disparity in what you can get in terms of house in other states. It is STILL really expensive to get a SFR in a good neighborhood with a good school district in San Diego, OC, LA, San Jose area or SF area.
Sure, the crappy parts of the state like the Inland Empire, Central Valley or less desireable areas in SD like South Bay, East County, and O-side and Escondido are more affordable, but I wouldn't want to live there. The decent areas of Coastal CA are STILL super expensive.
You still get dramtatically more for your money in terms of house size + neighborhood in other states.
Submitted by Nor-LA-SD-guy on April 21, 2009 - 7:13pm.
ctr70 wrote:
I still think there is a HUGE disparity in what you can get in terms of house in other states. It is STILL really expensive to get a SFR in a good neighborhood with a good school district in San Diego, OC, LA, San Jose area or SF area.
Sure, the crappy parts of the state like the Inland Empire, Central Valley or less desireable areas in SD like South Bay, East County, and O-side and Escondido are more affordable, but I wouldn't want to live there. The decent areas of Coastal CA are STILL super expensive.
You still get dramtatically more for your money in terms of house size + neighborhood in other states.
I have traveled quite a bit because of my job, both in the U.S.A. and international, Boston, Jersey, Florida, Georgia , Austin TX or many other often touted places , Germany , France, England, China, Puerto Rico, Mexico, Trinidad and Tobago etc…
Trust me I would rather live in Temecula valley than the best cities in those states and countries, (although I did like some parts of south Florida, as it seems very much like SoCal in many ways).
But to each their own, Good luck in your move if that is what you are getting to
Submitted by patientrenter on April 21, 2009 - 7:31pm.
Nor-LA-SD-guy wrote:
I have traveled quite a bit because of my job, both in the U.S.A. and international, Boston, Jersey, Florida, Georgia , Austin TX or many other often touted places , Germany , France, England, China, Puerto Rico, Mexico, Trinidad and Tobago etc…
Trust me I would rather live in Temecula valley than the best cities in those states and countries, (although I did like some parts of south Florida, as it seems very much like SoCal in many ways).
But to each their own, Good luck in your move if that is what you are getting to
Open-minded! (And I know Temecula well, and quite like it, along with many spots in the other areas you mention.)
I moved from So Cal 2008 even though I could see RE prices were about to become affordable for me there. Better job. If you're flexible, and your income goes above a certain level, you can live nicely just about anywhere.
Submitted by paramount on April 21, 2009 - 8:24pm.
California:
Highest taxes in the country
Among the highest unemployment rate
Running out of water
Traffic, traffic, traffic
Pollution/smog
Gas prices among the highest in the country
And yet people are still flocking here..
Go figure.
I think people sit around when it's snowing and cold outside elsewhere in the country engrossed in Baywatch reruns and start California Dreamin....
I still think there is a HUGE disparity in what you can get in terms of house in other states. It is STILL really expensive to get a SFR in a good neighborhood with a good school district in San Diego, OC, LA, San Jose area or SF area.
Sure, the crappy parts of the state like the Inland Empire, Central Valley or less desireable areas in SD like South Bay, East County, and O-side and Escondido are more affordable, but I wouldn't want to live there. The decent areas of Coastal CA are STILL super expensive.
You still get dramtatically more for your money in terms of house size + neighborhood in other states.
I have traveled quite a bit because of my job, both in the U.S.A. and international, Boston, Jersey, Florida, Georgia , Austin TX or many other often touted places , Germany , France, England, China, Puerto Rico, Mexico, Trinidad and Tobago etc…
Trust me I would rather live in Temecula valley than the best cities in those states and countries, (although I did like some parts of south Florida, as it seems very much like SoCal in many ways).
But to each their own, Good luck in your move if that is what you are getting to
I agree with you 100%. I have a job where I can work anywhere in the world I'd like, so I spent 6 months traveling (mainly around the US) but also trekked to Canada and Japan. When it came down to it there were only two places that I felt I could actually live the lifestyle I wanted:
1. South Orange County (Irvine and south)
2. Temecula/Murrieta
There is just *something* about many places that turns me off. Well actually I know - I like new, clean areas with thoughtful design, master planned neighborhoods, easy access to shopping, office parks, freeways, wide roads, clear skies. Low crime, good schools, newer housing stock are also pluses. Oh, and access to decent beaches every now and then. Maybe its just me (and Temeculaguy, Paramount and Nor-LA-SD guy) but there is something about the area that feels "right".
There's something about that feeling that is hard to find - I went to Del Mar and Carlsbad this weekend to explore more and it just didn't feel right. Sure it's by the coast and exclusive, but if I'm going to pay coastal prices I'd prefer South OC to North SD. That's just me though. I'm strange like that.
Quote from the OCRegister blog piece on the U-Haul moves: "It’s perhaps a modest sign that cascading home prices have lured in some new residents or that those same low housing values have forced many Californians to stay put because they can’t afford to sell."
Reduced worker mobility is one known effect of falling house prices. Excess state unemployment is thus partly a result of unemployed workers being unable to move to better opportunities. I doubt the claim that excess unemployment is due to unemployed workers moving here, but it could be true to some degree - people attracted here by the welfare state aspects.
I do not know how to reconcile this with the anecdotal reports (e.g. city-city) of price differences.
Submitted by Nor-LA-SD-guy on April 22, 2009 - 6:21pm.
Fearful wrote:
Quote from the OCRegister blog piece on the U-Haul moves: "It’s perhaps a modest sign that cascading home prices have lured in some new residents or that those same low housing values have forced many Californians to stay put because they can’t afford to sell."
Reduced worker mobility is one known effect of falling house prices. Excess state unemployment is thus partly a result of unemployed workers being unable to move to better opportunities. I doubt the claim that excess unemployment is due to unemployed workers moving here, but it could be true to some degree - people attracted here by the welfare state aspects.
I do not know how to reconcile this with the anecdotal reports (e.g. city-city) of price differences.
They did a piece on it on NPR seems they got their data from Ca EDD and employment reports.
Highest taxes in the country
Among the highest unemployment rate
Running out of water
Traffic, traffic, traffic
Pollution/smog
Gas prices among the highest in the country
Submitted by Nor-LA-SD-guy on April 23, 2009 - 8:05am.
My Guess, they are coming from places like ,
Charlotte, N.C. and Las Vegas maybe Phoenix as well.
Seasonal strength in home sales was evident in February 2009,” said RadarLogic in its RPX Monthly Housing Market Report released today. “Transactions increased…13 MSAs posted their largest month-over-month increases since 2006.”
Sales in San Jose, Calif. saw the biggest year-over-year increase, climbing more than 43%, followed closely by Sacramento, and Los Angeles, Calif. In contrast, Charlotte, N.C. and Las Vegas, Nev. didn’t fare so well, as their transaction counts posted the largest drops at 56.9% and 55.7%, respectively. But month-over-month data painted a rosier picture, as only Philadelphia and Milwaukee experienced a decline in home transactions.
In the closely watched California housing market, buyers appear to have returned in February, likely attracted by prices not seen since 2001 and 2002, the report said. On a year-over-year basis, the total transaction count across the five California metro areas tracked by Radar Logic increased a significant 35%.
In the five California MSAs, sales outside of foreclosure jumped dramatically in February and outpaced increases in motivated sales, according to the report. As a result, motivated sales decreased as a share of total sales, though motivated sales continued to account for more than 40% of sales in each of the MSAs. Historically, since 2007, motivated sales’ share of total sales has increased in most months.
What hapeended to those people who moved to California in, say 1935 ?
I found this article that touches on that topic. Here's an excerpt:
As World War II wore on, the state of the economy, both in California and across the nation, improved dramatically as the defense industry geared up to meet the needs of the war effort. Many of the migrants went off to fight in the war. Those who were left behind took advantage of the job opportunities that had become available in West Coast shipyards and defense plants. As a result of this more stable lifestyle, numerous Dust Bowl refugees put down new roots in California soil, where their descendants reside to this day.
I definitely recommend reading "The Grapes of Wrath" for a full understanding of the experience. Steinbeck spent a lot of time with migrant workers, and with this novel tried to tell their side of the story.
Another great novel that seems appropriate these days is "The Great Gatsby". Whenever I see some 30-something real estate tycoon driving his Bentley I am always reminded of the Jay Gatsby character...
The OC register, the last word.
Sheeple have very little money saved and probably less in a liquid investment to live on. What does this tell us???? Sheeple need jobs, full stop!! Look for them to go where they can keep the treadmill going. It's really that simple.
What hapeended to those people who moved to California in, say 1935 ?
I found this article that touches on that topic. Here's an excerpt:
As World War II wore on, the state of the economy, both in California and across the nation, improved dramatically as the defense industry geared up to meet the needs of the war effort. Many of the migrants went off to fight in the war. Those who were left behind took advantage of the job opportunities that had become available in West Coast shipyards and defense plants. As a result of this more stable lifestyle, numerous Dust Bowl refugees put down new roots in California soil, where their descendants reside to this day.
I definitely recommend reading "The Grapes of Wrath" for a full understanding of the experience. Steinbeck spent a lot of time with migrant workers, and with this novel tried to tell their side of the story.
Another great novel that seems appropriate these days is "The Great Gatsby". Whenever I see some 30-something real estate tycoon driving his Bentley I am always reminded of the Jay Gatsby character...
...not to mention a lot of these farmers got to take over the farms and land of all the Japanese Americans that got thrown into internment camps....
Hey, maybe cheap house prices will come once Obama throws all the Chinese into similar camps...Cheap Carmel Valley homes for everyone!
.......
on-military advocates for exclusion, removal, and detention
Internment was popular among many white farmers who resented the Japanese American farmers. "White American farmers admitted that their self-interest required removal of the Japanese."[16] These individuals saw internment as a convenient means of uprooting their Japanese American competitors. Austin E. Anson, managing secretary of the Salinas Vegetable Grower-Shipper Association, told the Saturday Evening Post in 1942:
"We're charged with wanting to get rid of the Japs for selfish reasons. We do. It's a question of whether the white man lives on the Pacific Coast or the brown men… If all the Japs were removed tomorrow, we had never miss them in two weeks, because the white farmers can take over and produce everything the Jap grows. And we do not want them back when the war ends, either."[23]
"Fear, combined with prejudice, was also at work, aided by the January release of the Roberts Commission Report, prepared at President Franklin D. Roosevelt's request."[16] "That report concluded that Japanese in America were responsible for espionage, contributing to the Pearl Harbor tragedy."[16] Columnist Henry McLemore reflected growing public sentiment fueled by this report:
"I am for the immediate removal of every Japanese on the West Coast to a point deep in the interior. I don't mean a nice part of the interior either. Herd 'em up, pack 'em off and give 'em the inside room in the badlands. Personally, I hate the Japanese. And that goes for all of them."[16]
Further, "California newspapers endorsed mass evacuation."[16] The Los Angeles Times:
"A viper is nonetheless a viper whenever the egg is hatched - so a Japanese American, born of Japanese parents - grows up to be a Japanese, not an American."[16]
State politicians joined the bandwagon embraced by Leland Ford of Los Angeles, who demanded that "all Japanese, whether citizens or not, be placed in [inland] concentration camps."[16] In fact internment was likely responsible for a massive influx in immigration from Mexico.[citation needed] Significant labor was necessary to take over the Japanese Americans' farms at a time when many American laborers were also being inducted into the Armed Forces. Thousands of Nikkei, temporarily released from the internment camps to harvest Western beet crops, were credited with saving this industry.
Submitted by danthedart on April 23, 2009 - 4:04pm.
eclipxe wrote:
There is just *something* about many places that turns me off. Well actually I know - I like new, clean areas with thoughtful design, master planned neighborhoods, easy access to shopping, office parks, freeways, wide roads, clear skies. Low crime, good schools, newer housing stock are also pluses. Oh, and access to decent beaches every now and then. Maybe its just me (and Temeculaguy, Paramount and Nor-LA-SD guy) but there is something about the area that feels "right".
There's something about that feeling that is hard to find - I went to Del Mar and Carlsbad this weekend to explore more and it just didn't feel right. Sure it's by the coast and exclusive, but if I'm going to pay coastal prices I'd prefer South OC to North SD. That's just me though. I'm strange like that.
I'm with you, I like clean, new master planned neighborhoods.
But my wife hates them. She thinks they're fake and contrived. :p oh well
Submitted by Nor-LA-SD-guy on April 24, 2009 - 6:25am.
danthedart wrote:
eclipxe wrote:
There is just *something* about many places that turns me off. Well actually I know - I like new, clean areas with thoughtful design, master planned neighborhoods, easy access to shopping, office parks, freeways, wide roads, clear skies. Low crime, good schools, newer housing stock are also pluses. Oh, and access to decent beaches every now and then. Maybe its just me (and Temeculaguy, Paramount and Nor-LA-SD guy) but there is something about the area that feels "right".
There's something about that feeling that is hard to find - I went to Del Mar and Carlsbad this weekend to explore more and it just didn't feel right. Sure it's by the coast and exclusive, but if I'm going to pay coastal prices I'd prefer South OC to North SD. That's just me though. I'm strange like that.
I'm with you, I like clean, new master planned neighborhoods.
But my wife hates them. She thinks they're fake and contrived. :p oh well
T.V. That South (newer) OC feel at a fraction of the cost.
Of course instead of 10-15 minutes to the beach it's 35-50 minutes but I guess there has to be some downside.
A lot of people moved to California in the 1930s, too. Ever read "The Grapes of Wrath?"
If you think of all the people you know that fled the state in the past decade I'll bet most were motivated by real estate prices. I know people here will complain about taxes, traffic, illegal aliens or whatever thing that bugs them the most but anyone I've ever known that actually left, R/E played a significant role, with the exception of those moved by their employers. Some sold their houses in the peak years and paid cash in some other state for the same or larger homes, while others fled in frustration because they would never be able to afford to buy here. The two common scenarios have changed, the disparity between California prices and those of many other places have become closer in price, maybe not the same and certainly not the same in certain niche markets but overall the disparity is becoming smaller.
I'm guess considering that CA is still one of the major employers of various industries, that it's still better off than a lot of places that people moved to...I'm guess some of the folks that moved out of state because they felt it was too expensive to own here and finding out that when times are good, you can take the "I'll work in a lower cost area"...But when times are bad, some of those lower cost areas have no jobs and opportunities.
I think what made a lot of places like NV,AZ,OR thrive was the hype of real estate bubble, when "investors" that no longer could afford to speculate in CA for property started looking outside the state for a quick-buck flip opportunity like in NV,AZ,OR,NM, subsequently driving up home prices in those lower cost areas and with that stimulating the economy in those areas. \
I was almost going to purchase RE in those states, and went with the crowd to those states to check things out. Aside from real estate appreciation, I was baffled how any of the local people would be able to afford the new high prices of those homes. Take Oregon for instance. Some homes that use to sell for $300k appreciated to $600k in a few months, when clearly the Oregon economy and job market could not support that sort of level. (Ever wonder why you cannot fill up your own gas in Oregon..Yup unemployment problem...And that was BEFORE this economic meltdown)..Digging deeper into some of those homes, I was finding a lot of those homes were being bidded up by CA folks who took out equity from their primary in CA to speculate.... So much of those local economies were heavily dependent strictly on RE bubble, with no other industry or job supporting those levels. Yet, those bubble times created a lot of fluff jobs in those areas that normally would not have existed.
Now that some of those Real Estate "Investors" are getting slaughtered, the so called strength in economies of those states are were nothing more than an illusion that went when as some of those CA "investors" lost their shirt. As screwed up as CA is, it probably still has more opportunities than some of those other states folks started moving to for "more affordable cost of living".
Also, if you're going to be unemployed/uninsured, the best state to be in is CA afterall...
For the longest time, the media was reporting how "well" Oregon real estate was holding up, and part of me was thinking that this can't sustain because the employment scene was never that good in Oregon...Well looks like I was right. Oregon currently has the highest unemployment rate in the nation.
My Dad is one of those!! He moved out of state in 2006 because housing prices were insane. He is now looking to move back because as he says "he can afford it now". I am one who is cheerleading another leg down in prices but i am beginning to think that it may not happen or may drag on for years and years to come.
temeculaguy said, "anyone I've ever known that actually left, R/E played a significant role"
BINGO!
We left 10 months ago and RE was the only reason. I was hanging on waiting with most of you Piggington folks until they announced the Land Bank scheme there in San Diego. Once I realized the govt. and corps. were going to do everything they could to keep the fraudulent house prices sky high, it was the last straw.
Now we're doing much better. Our standard of living is 3-4 times better than what we could afford in San Diego. Plus, I can even afford to get my pilot's license too. Yes, there is a whole big world out there besides CA.
Looks like I got out just in time too. What with all your new taxes and cuts coming down the pipeline. Oh yeah, the DMV still tried to send me the registration/smog renewal to my NEW address out of the state. Let me tell you what a joy it was to write across that notice in bold letters "I am no longer in California as of ..." before mailing it back without my check. My 14 year old pick up would've been a guaranteed smog failure this year too. Looks like they lost out on squeezing those extra few $$$ out of me too.
Sweet justice.
Like I said in other threads, Ca unemployment is about 2% higher now than it would be because of people moving here from other states and looking for work here.
Not that unemployment is not bad here, but the numbers are being Exasperated somewhat.
I still say that there will be a spike in prices in the hardest hit areas when the economy starts to recover, other areas I think will be flat to slow increases.
One more note, (not necessarily a positive one),
Not everyone moves in a U-haul, especially the young and maybe not so rich ones (or just flat broke).
I still think there is a HUGE disparity in what you can get in terms of house in other states. It is STILL really expensive to get a SFR in a good neighborhood with a good school district in San Diego, OC, LA, San Jose area or SF area.
Sure, the crappy parts of the state like the Inland Empire, Central Valley or less desireable areas in SD like South Bay, East County, and O-side and Escondido are more affordable, but I wouldn't want to live there. The decent areas of Coastal CA are STILL super expensive.
You still get dramtatically more for your money in terms of house size + neighborhood in other states.
For starters your a piece of crap ctr70.
Sure, the crappy parts of the state like the Inland Empire, Central Valley or less desireable areas in SD like South Bay, East County, and O-side and Escondido are more affordable, but I wouldn't want to live there. The decent areas of Coastal CA are STILL super expensive.
You still get dramtatically more for your money in terms of house size + neighborhood in other states.
I have traveled quite a bit because of my job, both in the U.S.A. and international, Boston, Jersey, Florida, Georgia , Austin TX or many other often touted places , Germany , France, England, China, Puerto Rico, Mexico, Trinidad and Tobago etc…
Trust me I would rather live in Temecula valley than the best cities in those states and countries, (although I did like some parts of south Florida, as it seems very much like SoCal in many ways).
But to each their own, Good luck in your move if that is what you are getting to
I have traveled quite a bit because of my job, both in the U.S.A. and international, Boston, Jersey, Florida, Georgia , Austin TX or many other often touted places , Germany , France, England, China, Puerto Rico, Mexico, Trinidad and Tobago etc…
Trust me I would rather live in Temecula valley than the best cities in those states and countries, (although I did like some parts of south Florida, as it seems very much like SoCal in many ways).
But to each their own, Good luck in your move if that is what you are getting to
Open-minded! (And I know Temecula well, and quite like it, along with many spots in the other areas you mention.)
I moved from So Cal 2008 even though I could see RE prices were about to become affordable for me there. Better job. If you're flexible, and your income goes above a certain level, you can live nicely just about anywhere.
California:
Highest taxes in the country
Among the highest unemployment rate
Running out of water
Traffic, traffic, traffic
Pollution/smog
Gas prices among the highest in the country
And yet people are still flocking here..
Go figure.
I think people sit around when it's snowing and cold outside elsewhere in the country engrossed in Baywatch reruns and start California Dreamin....
Wake up!
BuyerWillEPB
Where did you move to?
SD to Houston one way still costs twice Houston to SD
http://www.uhaul.com
4plex, props to you. It is very rare to see a pig admit they were not correct.
Sure, the crappy parts of the state like the Inland Empire, Central Valley or less desireable areas in SD like South Bay, East County, and O-side and Escondido are more affordable, but I wouldn't want to live there. The decent areas of Coastal CA are STILL super expensive.
You still get dramtatically more for your money in terms of house size + neighborhood in other states.
I have traveled quite a bit because of my job, both in the U.S.A. and international, Boston, Jersey, Florida, Georgia , Austin TX or many other often touted places , Germany , France, England, China, Puerto Rico, Mexico, Trinidad and Tobago etc…
Trust me I would rather live in Temecula valley than the best cities in those states and countries, (although I did like some parts of south Florida, as it seems very much like SoCal in many ways).
But to each their own, Good luck in your move if that is what you are getting to
I agree with you 100%. I have a job where I can work anywhere in the world I'd like, so I spent 6 months traveling (mainly around the US) but also trekked to Canada and Japan. When it came down to it there were only two places that I felt I could actually live the lifestyle I wanted:
1. South Orange County (Irvine and south)
2. Temecula/Murrieta
There is just *something* about many places that turns me off. Well actually I know - I like new, clean areas with thoughtful design, master planned neighborhoods, easy access to shopping, office parks, freeways, wide roads, clear skies. Low crime, good schools, newer housing stock are also pluses. Oh, and access to decent beaches every now and then. Maybe its just me (and Temeculaguy, Paramount and Nor-LA-SD guy) but there is something about the area that feels "right".
There's something about that feeling that is hard to find - I went to Del Mar and Carlsbad this weekend to explore more and it just didn't feel right. Sure it's by the coast and exclusive, but if I'm going to pay coastal prices I'd prefer South OC to North SD. That's just me though. I'm strange like that.
Quote from the OCRegister blog piece on the U-Haul moves: "It’s perhaps a modest sign that cascading home prices have lured in some new residents or that those same low housing values have forced many Californians to stay put because they can’t afford to sell."
Reduced worker mobility is one known effect of falling house prices. Excess state unemployment is thus partly a result of unemployed workers being unable to move to better opportunities. I doubt the claim that excess unemployment is due to unemployed workers moving here, but it could be true to some degree - people attracted here by the welfare state aspects.
I do not know how to reconcile this with the anecdotal reports (e.g. city-city) of price differences.
Reduced worker mobility is one known effect of falling house prices. Excess state unemployment is thus partly a result of unemployed workers being unable to move to better opportunities. I doubt the claim that excess unemployment is due to unemployed workers moving here, but it could be true to some degree - people attracted here by the welfare state aspects.
I do not know how to reconcile this with the anecdotal reports (e.g. city-city) of price differences.
They did a piece on it on NPR seems they got their data from Ca EDD and employment reports.
What hapeended to those people who moved to California in, say 1935 ?
Highest taxes in the country
Among the highest unemployment rate
Running out of water
Traffic, traffic, traffic
Pollution/smog
Gas prices among the highest in the country
These same factors were in place in 1975.
My Guess, they are coming from places like ,
Charlotte, N.C. and Las Vegas maybe Phoenix as well.
Seasonal strength in home sales was evident in February 2009,” said RadarLogic in its RPX Monthly Housing Market Report released today. “Transactions increased…13 MSAs posted their largest month-over-month increases since 2006.”
Sales in San Jose, Calif. saw the biggest year-over-year increase, climbing more than 43%, followed closely by Sacramento, and Los Angeles, Calif. In contrast, Charlotte, N.C. and Las Vegas, Nev. didn’t fare so well, as their transaction counts posted the largest drops at 56.9% and 55.7%, respectively. But month-over-month data painted a rosier picture, as only Philadelphia and Milwaukee experienced a decline in home transactions.
In the closely watched California housing market, buyers appear to have returned in February, likely attracted by prices not seen since 2001 and 2002, the report said. On a year-over-year basis, the total transaction count across the five California metro areas tracked by Radar Logic increased a significant 35%.
In the five California MSAs, sales outside of foreclosure jumped dramatically in February and outpaced increases in motivated sales, according to the report. As a result, motivated sales decreased as a share of total sales, though motivated sales continued to account for more than 40% of sales in each of the MSAs. Historically, since 2007, motivated sales’ share of total sales has increased in most months.
What hapeended to those people who moved to California in, say 1935 ?
I found this article that touches on that topic. Here's an excerpt:
As World War II wore on, the state of the economy, both in California and across the nation, improved dramatically as the defense industry geared up to meet the needs of the war effort. Many of the migrants went off to fight in the war. Those who were left behind took advantage of the job opportunities that had become available in West Coast shipyards and defense plants. As a result of this more stable lifestyle, numerous Dust Bowl refugees put down new roots in California soil, where their descendants reside to this day.
I definitely recommend reading "The Grapes of Wrath" for a full understanding of the experience. Steinbeck spent a lot of time with migrant workers, and with this novel tried to tell their side of the story.
Another great novel that seems appropriate these days is "The Great Gatsby". Whenever I see some 30-something real estate tycoon driving his Bentley I am always reminded of the Jay Gatsby character...
The OC register, the last word.
Sheeple have very little money saved and probably less in a liquid investment to live on. What does this tell us???? Sheeple need jobs, full stop!! Look for them to go where they can keep the treadmill going. It's really that simple.
I found this article that touches on that topic. Here's an excerpt:
As World War II wore on, the state of the economy, both in California and across the nation, improved dramatically as the defense industry geared up to meet the needs of the war effort. Many of the migrants went off to fight in the war. Those who were left behind took advantage of the job opportunities that had become available in West Coast shipyards and defense plants. As a result of this more stable lifestyle, numerous Dust Bowl refugees put down new roots in California soil, where their descendants reside to this day.
I definitely recommend reading "The Grapes of Wrath" for a full understanding of the experience. Steinbeck spent a lot of time with migrant workers, and with this novel tried to tell their side of the story.
Another great novel that seems appropriate these days is "The Great Gatsby". Whenever I see some 30-something real estate tycoon driving his Bentley I am always reminded of the Jay Gatsby character...
...not to mention a lot of these farmers got to take over the farms and land of all the Japanese Americans that got thrown into internment camps....
http://en.wikipedia.org/wiki/Japanese_Am...
Hey, maybe cheap house prices will come once Obama throws all the Chinese into similar camps...Cheap Carmel Valley homes for everyone!
.......
on-military advocates for exclusion, removal, and detention
Internment was popular among many white farmers who resented the Japanese American farmers. "White American farmers admitted that their self-interest required removal of the Japanese."[16] These individuals saw internment as a convenient means of uprooting their Japanese American competitors. Austin E. Anson, managing secretary of the Salinas Vegetable Grower-Shipper Association, told the Saturday Evening Post in 1942:
"We're charged with wanting to get rid of the Japs for selfish reasons. We do. It's a question of whether the white man lives on the Pacific Coast or the brown men… If all the Japs were removed tomorrow, we had never miss them in two weeks, because the white farmers can take over and produce everything the Jap grows. And we do not want them back when the war ends, either."[23]
"Fear, combined with prejudice, was also at work, aided by the January release of the Roberts Commission Report, prepared at President Franklin D. Roosevelt's request."[16] "That report concluded that Japanese in America were responsible for espionage, contributing to the Pearl Harbor tragedy."[16] Columnist Henry McLemore reflected growing public sentiment fueled by this report:
"I am for the immediate removal of every Japanese on the West Coast to a point deep in the interior. I don't mean a nice part of the interior either. Herd 'em up, pack 'em off and give 'em the inside room in the badlands. Personally, I hate the Japanese. And that goes for all of them."[16]
Further, "California newspapers endorsed mass evacuation."[16] The Los Angeles Times:
"A viper is nonetheless a viper whenever the egg is hatched - so a Japanese American, born of Japanese parents - grows up to be a Japanese, not an American."[16]
State politicians joined the bandwagon embraced by Leland Ford of Los Angeles, who demanded that "all Japanese, whether citizens or not, be placed in [inland] concentration camps."[16] In fact internment was likely responsible for a massive influx in immigration from Mexico.[citation needed] Significant labor was necessary to take over the Japanese Americans' farms at a time when many American laborers were also being inducted into the Armed Forces. Thousands of Nikkei, temporarily released from the internment camps to harvest Western beet crops, were credited with saving this industry.
Coastal California with good school districts are still super expensive.
There is just *something* about many places that turns me off. Well actually I know - I like new, clean areas with thoughtful design, master planned neighborhoods, easy access to shopping, office parks, freeways, wide roads, clear skies. Low crime, good schools, newer housing stock are also pluses. Oh, and access to decent beaches every now and then. Maybe its just me (and Temeculaguy, Paramount and Nor-LA-SD guy) but there is something about the area that feels "right".
There's something about that feeling that is hard to find - I went to Del Mar and Carlsbad this weekend to explore more and it just didn't feel right. Sure it's by the coast and exclusive, but if I'm going to pay coastal prices I'd prefer South OC to North SD. That's just me though. I'm strange like that.
I'm with you, I like clean, new master planned neighborhoods.
But my wife hates them. She thinks they're fake and contrived. :p oh well
There is just *something* about many places that turns me off. Well actually I know - I like new, clean areas with thoughtful design, master planned neighborhoods, easy access to shopping, office parks, freeways, wide roads, clear skies. Low crime, good schools, newer housing stock are also pluses. Oh, and access to decent beaches every now and then. Maybe its just me (and Temeculaguy, Paramount and Nor-LA-SD guy) but there is something about the area that feels "right".
There's something about that feeling that is hard to find - I went to Del Mar and Carlsbad this weekend to explore more and it just didn't feel right. Sure it's by the coast and exclusive, but if I'm going to pay coastal prices I'd prefer South OC to North SD. That's just me though. I'm strange like that.
I'm with you, I like clean, new master planned neighborhoods.
But my wife hates them. She thinks they're fake and contrived. :p oh well
T.V. That South (newer) OC feel at a fraction of the cost.
Of course instead of 10-15 minutes to the beach it's 35-50 minutes but I guess there has to be some downside.