[quote=livinincali] . . . I suppose it could trigger some movement in people. Pensioners facing a big haircut might move to a lower cost of living state. Huge tax increases might encourage businesses and individuals to leave the state/city. . . . [/quote]
Well, I’m representative of the typical local Suzy Q. Gubment-Pensioner with a fairly low income. But every time I look at listings the places I WOULD be interested in fleeing to (wine country and mtns, in and out of state), I’m finding the home prices to be just as much or higher than where I currently live … and utilities higher or much higher. And I don’t owe very much on my current home … relative to its value …. and could pay it off anytime I so choose to. And I have a running vehicle and know how to get on the interstate ….
So there you have it …. the “real” dilemma facing state and local gubment pensioners who are native San Diegans or have resided in SD County nearly all of their lives.
Sorry, but I just don’t see a “mass exodus” of SD County retirees, even if Tier “A” loses their (minuscule) Supplemental Benefit Allowance (this was supposed to happen 6/30/14 but SDCERA must have found a way to “patch the hole” for FY 14/15).
