I’ve watched several friends and acquaintances leave CA as well. Maybe there are just too many squirrels chasing too few nut here, and it can make getting ahead hard.
I good friend semi-retired in Las Vegas and decided to move. I tried like hell to get him to come here but the states politics and business climate made him take a pass and ignore all the things he loved about CA (like deep sea fishing). He went to CO and paid as much for his spread as he would have paid here.
Is it just me, or have people absolutely lost their g-damn minds? I recall posting a comment on piggington once pondering what would happen if everyone just decided “screw it, I’m not paying my bills anymore!” Someone replied saying they expected a USC grad to be a little more intellectual than that. Not saying “told you so,” but the mentality we are now facing with upside-down homeowners, car notes, credit cards, etc is exactly that. And you know what, those dumb ass politicians and bankers are playing right into it by creating new moratoriums on foreclosures, new subsidies to get people to buy still overpriced homes, subsidies to buy new cars, and expect to do this on the back of a smaller workforce making less money.
Well said! I day dream sometimes about Americans turning this mess around on TPTB and using this opportunity to effect a “fight club” reset of the debt ball and chain.
If you ever thought of telling the bankers to suck it, now seems like a pretty good time? You’ll have lots of company, and be hard to single out.
Housing is biggie for many of us. Some still think they are gonna get rich on RE and are over-bidding now and hoping to flip.
That mentality needs to die. We need really, really affordable housing. Like paid off in full in 10 years or less.
I also think lots of people will be surprised by what’s coming. We have built up a tolerance or immunity to bad news recently.
What is actually happening now and what that portrays for the future is sending a signal most are not receiving. Those bidding on the few REOs the banks are letting on the market are going to be the most “surprised”.
