- This topic has 83 replies, 14 voices, and was last updated 9 years ago by spdrun.
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May 7, 2015 at 4:21 PM #785970May 8, 2015 at 3:26 PM #786014fun4vnay2Participant
I’d personally never move to Bay Area unless I am a multi millionaire or I am sure I’d strike it big time.
Infact, I’d prefer any place other than san diego as I find san diego to be very expensive.
I can find job with similar salary in much cheaper place with less CoL along with no state income tax
I am here because my job situation is good and if I need to move out I am all game..
May 8, 2015 at 3:46 PM #786015spdrunParticipantLow property taxes. Relatively low housing cost if you’re willing to settle. Income and sales taxes are high, but they’re similar in most parts of the US that don’t blow chunks.
May 8, 2015 at 11:17 PM #786038anParticipant[quote=spdrun]Low property taxes.[/quote]Exactly. If you play the long game, prop 13 is a miracle. When I retire, my COL will be well less than $1k/month, assuming no inflation. If we see an average of 3% inflation, then it would be <$350/month in today's dollar. If we see a repeat of the 70s/80s inflation, then I'll be golden.
May 8, 2015 at 11:48 PM #786041spdrunParticipantEven if taxes were merely capped at ~1.2% of value with no cap on increases, it would still be a good deal. There are towns in NJ where people pay $10,000 per year tax on a $100,000 house.
May 9, 2015 at 8:26 AM #786044The-ShovelerParticipantThe property tax system in the north east seems designed to push retirees to Florida LOL.
May 9, 2015 at 10:05 AM #786047spdrunParticipantAll depends in the individual town and state. Some towns in NJ have tax rates similar to California. Massachusetts has a similar law to Prop 13, though the cap is 2.5%, not 1%…
http://en.wikipedia.org/wiki/Proposition_2%C2%BD
Anyone who moves to Florida is a blithering idiot, BTW. The state is a hot, humid, mostly unwalkable cesspool. It’s known as “G-d’s waiting room” for good reason.
May 9, 2015 at 6:34 PM #786054joecParticipant[quote=The-Shoveler]The property tax system in the north east seems designed to push retirees to Florida LOL.[/quote]
I wonder if this is actually a smart idea. Old people tend to not be large spenders and don’t pay as much tax due to not working. The cities and government still has to build infrastructure to support them and their healthcare is clearly more expensive…
They also don’t spend money freely like 18-35 year olds and the reason why marketers always like to get those eyeballs and those are “worth more”…
Tax them highly to push them out somewhere else so you don’t have to worry about them. Sounds like a good plan.
May 9, 2015 at 6:50 PM #786056spdrunParticipantNot really — purpose of government is to work for the people, not be a money-making machine.
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