[The-Shoveler]

Yea you keep hearing how people are moving to TX, but most of those people are on the lower end of the earnings spectrum.

I have seen some really depressing areas in TX.

Even in Austin.

[The-Shoveler]

There is usually a carrot and stick involved tied to time.

i.e.… Stock options and relocation package versus being kicked to the curb,

The trick is not to get stuck (well unless that is what you want).

It seems extremely hard not to get stuck however.

[The-Shoveler]

The biggest problem with being force to relocate is that especially with families it does not take long to get tied down with kids in school, maybe the spouse gets a good job and then POW!!

All your plans for escape go out the window and you just live with it,

I think they plan it that way IMO, they know what they are doing.

[The-Shoveler]

I had that plan,

Funny something always seems to happen to throw a wrench into the machinery.

In my case it worked out for the better in the end.

[The-Shoveler]

I have been to Austin (several times), Not my cup of tea.

If I had to move there I would be planning my escape from day one.

[The-Shoveler]

It is/was inevitable anyway, they got another approx 20 Million people to fit somewhere in the next 30 or so years.
Just wait until the massive development starts off deer springs road LOL.
IMO it will just raise all boats in the area.

[The-Shoveler]

[quote=AN]I’m a little late to the party but I personally would sell, keep the free cap gain and buy two $550k house in San Diego. The tax free $400k is too good to pass up. My gut is also telling me that 2 $550k houses would probably cash flow better than the $1.1m house.[/quote]

+1
Great suggestion AN

If you got no choice and your going anyway and you really really want to insure you come back, except I would modify it a little and pick up two rentals (condo probably) below 200K, and one decent place in the 6-700K range that you would not mind moving back to or retiring in later.

Heck if you got that much equity this strategy would not be a bad Idea even if you are not moving.

[The-Shoveler]

Unless you are going someplace you will really hate, it is unlikely you will pick up and move back once you are settled.

But it does remind me of that song “walk on the Ocean”

Most people I have kept in contact with after they left really regret leaving Socal.

[The-Shoveler]

unless I got my math wrong it was closer to 6% maybe 6.5.

OK maybe closer to 7% yeaterday.

[The-Shoveler]

The fed is NOT a private bank.

I wish I had time to get a chart showing Local gov coffers and major downturns you would see the correlation very obviously esp with L.A. City.

[The-Shoveler]

OK.
But it is known in at least one second and closing economy, they have bus tours even.

The really Rich do however focus on Irvine and Pasadena area.

The closest thing to coastal would be Irvine.

It’s more about the UC.

[The-Shoveler]

Do a search on new and planned ranch 99 markets LOL.

[The-Shoveler]

I don’t think you have been looking much at the L.A. Market,

You would have to go there I think.

[The-Shoveler]

Any town with a UC school in Socal is a global metro

even Riverside.

[The-Shoveler]

Depends,
If high Tech there is a lot (a real LOT) of turnover as if it has to be on USA work day time it is the midnight shift.

There have been a lot of tech companies bringing a lot of those jobs back in the last two years.

Also there can be power and communications issues there.

[Author]

Posts