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Coronita.
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June 10, 2021 at 6:03 PM #822088June 10, 2021 at 6:10 PM #822089
scaredyclassic
Participanteye of the tiger. proposed bullanthem. kinda cheesy but, it sorta works…
Rising up, back on the street
Did my time, took my chances
Went the distance, now I’m back on my feet
Just a man and his will to survive
So many times it happens too fast
You change your passion for glory
Don’t lose your grip on the dreams of the past
You must fight just to keep them alive
It’s the eye of the tiger
It’s the thrill of the fight
Rising up to the challenge of our rival
And the last known survivor
Stalks his prey in the night
And he’s watching us all with the eye of the tiger
Face to face, out in the heat
Hanging tough, staying hungry
They stack the odds ’til we take to the street
For the kill with the skill to survive
It’s the eye of the tiger
It’s the thrill of the fight
Rising up to the challenge of our rival
And the last known survivor
Stalks his prey in the night
And he’s watching us all with the eye of the tiger
Rising up straight to the top
Had the guts, got the glory
Went the distance, now I’m not going to stop
Just a man and his will to survive
It’s the eye of the tiger
It’s the thrill of the fight
Rising up to the challenge of our rival
And the last known survivor
Stalks his prey in the night
And he’s watching us all with the eye of the tiger
The eye of the tiger
The eye of the tiger
The eye of the tiger
The eye of the tigerJune 10, 2021 at 6:26 PM #822090CoronitaParticipant[quote=deadzone][quote=XBoxBoy][quote=Coronita][quote=deadzone]Yet amazingly with so many folks supposedly leaving CA rent and prices in CA are also going up as much or more.[/quote]
We’ve gone over this. Most of the people leaving the state are the lower income people who can afford to stay. Higher net worth/income people still move here.
and not all of CA is ridiculously priced..[/quote]
Is there data to support the argument that the people leaving the state are lower income or is that something we just tell ourselves? I’m not saying it’s not true, I’m just wondering if it is supported by the data.
(Worth mentioning, I’ve seen data that says lower income people are more likely to move than higher income people, but that’s not the same as arguing that the pool of people in CA is changing because the lower income people are leaving and higher income people are moving here.)[/quote]
No there is no data, this is just a theory pushed by two people on Piggington (who just happen to be the two most prolific posters) based purely on anecdotal evidence.
There might be some truth to it, but if so, it is due to foreign and Wall St. investment money buying in CA which in my opinion are the two main factors pushing up the extreme prices.[/quote]
I don’t know if you were were referring to me or not, but in case you were, I’m not really trying to push a theory or not. I’m just offering what I’ve seen at least based on what I’ve seen during the demand as applied to my own rentals. Carmel Valley was a pain in the ass to rent out 1 year ago for me because the tenant pool of people were pretty pain in the ass-ish…I guess when you ask for $4300/month, they feel they are entitled to the world and wanted a 6 month lease at best.
This year, post pandemic, got a lot of interest from people migrating south… A much less pain in the ass tenant pool at $5000/month…Some wanting to sign a 3-4 year lease, which obviously I said no.
Others renting homes at this price point said the same thing. Much easier to rent higher cost SFH now than it was 1-2 years ago.if you really want to delve into this, I guess you can contact this journalist…
https://www.latimes.com/california/story/2021-03-04/california-exodus-san-francisco-migration
June 10, 2021 at 6:56 PM #822091EconProf
ParticipantWhoa, guys, calm down.
Let’s get back to my original thesis, that CA is now losing population (census bureau) for the first time in its history, and that will affect RE in the long run. Largely because of government policies at the state, county, city, and school board level, CA has the highest or next-to-highest taxes and regulations, delivers the worst services (schools, roads, prisons, etc.) compared to nearby states, and has the nation’s highest poverty rate when cost of living is taken into account. These trends will only worsen as CA’s policies attract the homeless, welfare-dependent people from colder states, and now, from the world. Incentives matter, and the poor move accordingly.
They will saddle CA taxpayers and businesses with an even greater burden in the future, so taxes will rise and the exodus will accelerate, especially for higher-bracket taxpayers.
CA’s finances today look OK due to the flood of federal COVID largess and temporarily low interest rates. But history shows there is a reckoning in the form of stagflation in the near future combined with vastly higher interest rates. Long run, it does not bode well for CA real estate compared to its neighbors.June 10, 2021 at 7:10 PM #822092ParticipantIt’s the eye of the tiger
It’s the thrill of the fight
Rising up to the challenge of our rivalJune 10, 2021 at 7:11 PM #822093ParticipantHere you go way too fast
Don’t slow down, you gonna crash
You should watch, watch your step
Don’t lookout, gonna break your neckJune 10, 2021 at 8:35 PM #822094CoronitaParticipanti dont know considering CA is a large state, i think its pretty amazing despite all the expenses, CA still managed to pull off a budget surplus. and now its pretty low in the infection rate.
Im happy for you that you moved to UT for your kids EconProf. its nice to be next to family wherever one may be.
i think you should be happy with that decision and stop feeling you need to find internet validation that you made the right decision.
June 10, 2021 at 9:25 PM #822095sdrealtor
ParticipantMy neighbor went to Idaho. He complained about all the things in CA he didn’t like. Truth be told he made money here he never would have made anywhere else and now doesn’t want to pay taxes or give back to the system that made him wealthy. He sucks. I’m glad he left
Utah is growing on the excess overflow of CA. If CA suffers Utah is toast. There is nothing unique or remarkable about it other than a few national parks
June 10, 2021 at 9:55 PM #822096ParticipantWait…why is homelessness a sign of a failing liberal state?
Isn’t homelessness a sign of a ruthlessly capitalist society. Can’t afford a roof? Fuck you. Sleep on the ground.
Sounds pretty brutally market oriented solution to high housing prices.
June 10, 2021 at 10:29 PM #822097flyer
ParticipantEP, glad to hear things are working out in Utah. Congrats on your investments. Those, along with the wealth you accumulated in CA should serve you and your family well for many years to come.
Even though the information you’re sharing about your new investments is interesting, I honestly don’t believe you’re ever going to receive the validation you seek here, but you shouldn’t care, because it seems you did the right thing for you and your family, and, regardless of mere opinions on an internet forum, that’s all that really matters.
It’s an interesting fact to note that, in the final analysis, none of us will even need a house, but it’s nice to pass things along to family to enjoy–as we are now–and so the inevitable cycle goes.
June 10, 2021 at 11:03 PM #822098CoronitaParticipantI think there’s one huge advantage of CA over Utah. It’s THE place to be if you want to be in the film industry… Especially in the adult film industry….And we know how lucrative the film industries can be, right flyer?
You can’t do that in Utah, for various reasons…Something about religion and alcohol…I mean, if Evelyn Lin went to BYU instead of UCSD, there probably wouldn’t have been an Evelyn Lin. What a tragedy that would have been
June 10, 2021 at 11:06 PM #822099CoronitaParticipant…but personally, I can’t wait for housing prices to crash across the U.S….I personally wouldn’t mind a repeat of what we saw in 2009-2011…This time it will be different. I’ll be racking and stacking as many houses as i can and won’t be quibbling over $5000-10000k like I foolishly did last time. Those were penny foolish decisions last time. Unfortunately, I don’t think it will happen to the extent it did again. That’s really too bad.
June 10, 2021 at 11:17 PM #822100Anonymous
Guest[quote=EconProf]Whoa, guys, calm down.
Let’s get back to my original thesis, that CA is now losing population (census bureau) for the first time in its history, and that will affect RE in the long run. Largely because of government policies at the state, county, city, and school board level, CA has the highest or next-to-highest taxes and regulations, delivers the worst services (schools, roads, prisons, etc.) compared to nearby states, and has the nation’s highest poverty rate when cost of living is taken into account. These trends will only worsen as CA’s policies attract the homeless, welfare-dependent people from colder states, and now, from the world. Incentives matter, and the poor move accordingly.
They will saddle CA taxpayers and businesses with an even greater burden in the future, so taxes will rise and the exodus will accelerate, especially for higher-bracket taxpayers.
CA’s finances today look OK due to the flood of federal COVID largess and temporarily low interest rates. But history shows there is a reckoning in the form of stagflation in the near future combined with vastly higher interest rates. Long run, it does not bode well for CA real estate compared to its neighbors.[/quote]Maybe in the long, long run these CA policies will have an impact but I definitely don’t see that in the short term. Also, when the Federal covid bailouts go away and if interest rates go up, RE is going to get pummeled everywhere not just CA.
June 10, 2021 at 11:40 PM #822102an
Participant[quote=Coronita]…but personally, I can’t wait for housing prices to crash across the U.S….I personally wouldn’t mind a repeat of what we saw in 2009-2011…This time it will be different. I’ll be racking and stacking as many houses as i can and won’t be quibbling over $5000-10000k like I foolishly did last time. Those were penny foolish decisions last time. Unfortunately, I don’t think it will happen to the extent it did again. That’s really too bad.[/quote]
You and me both. I’m packed and ready. Bring on the repeat of 2008.June 10, 2021 at 11:59 PM #822101ParticipantThe top employers in Utah. First two started in other countries. #3 is local hospital system. #4 is an actual Utah born and bred enterprise. It’s also an MLM scam
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