[quote=EconProf]A bit of history about San Diego from this geeser. When we first moved here so I could teach at SDSU, 45 years ago, CA was the land of opportunity–the Golden State. Pete Wilson was the San Diego mayor, later CA senator. CA was Reagan country and the government was efficient, taxes were reasonable, and politics were competitive. A 3 Br, 2 Ba house in the suburb of El Cajon averaged $45,000 in price, the same as the national average. Now the left owns the state, government unions control K-12, the universities, and virtually all city, county, and state offices. Our high taxes, draconian regulations, skyrocketing utility bills are what make CA houses cost three times what the same house will cost in Utah, AZ, Texas, etc. Which explains why CA population is actually shrinking of late in absolute terms. Yes, we have our great weather, the ocean, and hip culture. But the trends are ominous, and the future is dire compared to that of our neighboring states.[/quote]
We’ve seen our investment and personal properties, especially coastal, skyrocket since we started investing many years ago, but I think you speak for a great number of people who are finding the current state of CA challenging in many ways, so moving elsewhere makes sense.
I’ve spoken to many people who have no idea of how their kids will ever be able to buy a home in CA, let alone save for retirement. Of course, there will always be those who continue to live beyond their means in order to stay in CA, and that will not bode well long-term. The bottom line is everyone has to do what’s best for them, and enjoy the short time we all have on earth.
