What’s Driving California’s Mass Exodus?
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- Опубликовано: 22 янв 2021
- As Oracle, Palantir and Hewlett-Packard Enterprise move their headquarters out of California and Elon Musk moves to Texas, California is considering raising taxes on the wealthy to unprecedented levels. Experts say California needs to find more ways to reverse the trend.
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What’s Driving California’s Mass Tech Exodus?
Leaving California is the most Californian thing right now.
🤣🤣🤣 it is tho..
True, I left 3 years ago.
Typical Californians...jumping into the new trend so fast
@@silaakkidumma yeah they should just do what’s wrong for them to please you.
It’s a dump here. Over the last few months when I drive the freeway to work theres been an explosion of shanty towns on the embankments and the walls are being tagged with massive spray painted names. It’s staggering.
Must be really bad if CNBC has noticed this.
They've been reporting on it for quite a while and especially so in the last year. So have other news outlets. I think maybe what happens is that politics got more of people's attention in the last while so other news stories weren't noticed as much.
@@brandaugment6492 My bad for not following this more closely on the mainstream press. I have been seeing a lot of coverage on the alternate press for years. This is embedded
with politics, just not the politics the left wants us to see. This crap is the inevitable result of leftest politics. The reasons why are too numerous to cover here, but the all boil down to the destruction of incentive.
@@randallgoldapp9510 The key Randall is paying attention and bias.
If you do these two things, you'd learn a lot. You shouldn't depend on mainstream media either. Simple research.
The childish left and right nonsense is just labels for blaming people to make your side feel good. Participation trophys for blaming others doesn't solve problems.
@First Last Uh, yeah it is. If that trend were to continue for 20 years that would be roughly 5% of the whole population. No it's not a big number by itself, but it's long term effects would be significant
@@viviorko3345 what have I missed? There's nothing in this report that I haven't already seen. I was just surprised to see it on a mainstream platform.
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Stacey appears to be really knowledgeable. Her resume, educational history, and qualifications were all quite good when I found her internet page. She will act in my best interests because she is a fiduciary. I thus scheduled a session with her.
I lived on Oakland for years. I bought a 10 Acer Ranch in Cotati for $185,000. It was so peaceful. Property values exploded. I didn't even have My Ranch on the Market and a Doctor offered Me 1.9 million. Sold it and moved to Texas 15 years ago. Best decision I ever made.
my parents bought the house i currently live in here in alpine (san diego county alpine) for 115K and it is worth about 800k now, but i like it here and i'm single and retired and the tax bill is just over 2200/year so i'm staying as i love it here. i'm pretty cheap so i think i'll croak before i run out of money- if not i'll sell this place and move into a senior low-cost housing nearby, but i like my 1.25 acres here and my fruit trees and cannabis grow room (i can grow my sativa strain outdoors, too) so much, i'm trying to stay to the Bitter End- give me strength!
The rent is insanity and the average middle class family can’t afford a mortgage for even a 1 story house. Saved you 19 minutes.
Thank you.
One story house doesn't mean small
Thanks because time is money
In the Bay, LA and Tahoe, but not in the Valley of Cali. Its a dump (grew up there) but housing is cheap and things are quite spread out. Lots of room for building. Not so much in the SF Bay, some Coastal areas and SOCal.
Literally, my rents 1,600 a month for a one bedroom in la
Taxes Taxes Taxes and super high prices for low quality housing. SMH
Yes, cheap tacky and poorly constructed shacks going for 800,000.
@@Darrylizer1 where? Santa Monica maybe, but U can also buy a beautiful home in riverside for 800k. I’m talking 3000 sq ft 4 bed 3 bath with a pool
@@hughmongus9969 Hear in Canada for 800,000 to a 1,000,000$ if you don't want to live in a big city can get a 4 bed 4 bath house on your own private lake.
@@tehscope9422 Exact same price, housing, and lake in my town, and I live in California but it's around 2 hours away from the cities
Some leave for politics
In this perilous time of recession, protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over. This is for stock holders.
American workers are experiencing unprecedented declines in their real incomes, which is why record numbers have been forced to work multiple jobs to make ends meet. When we talk about 9.1% inflation, the media acknowledged the true rate of inflation of about 18%?
It's going to break to the downside because of the macro economic conditions. It will not recover until the US inflation rate starts to come down. Right now, crypto derivatives trades are the only thing in my portfolio that is doing well and making me serious money.
@@instinctively_awesome8283 the severity of the condition of our economic circumstances is beyond many peoples comprehension and many continue to deny its existence. People are working and there is little or nothing to show for it. everybody is basically working to sort out one bill or the other. no savings.
My little advice, we need to prepare for the future we need to look into safer investment with good prospect . If you have the mindset of investing 5 years ahead and just keep DCA every time you get paid. My portfolio have accrued gains of about $130k under the guidance of my investment -Advisor "Nicole Ann Sabin" whose skills in portfolio diversification are unmatched and client-centered
@@marianparker7502 I just looked up Nicole Ann Sabin online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and how to go about the economy. I know basically, in order to survive the inflation i need guidance. I appreciate.
Seeing what’s happening to our cities makes me mad I didn’t take up politics. The laws and policies are destroying these cities. They keep raising every tax you can think of and have no idea where it goes….I’m in NYC and with the amount of taxes we pay it should NOT look the way it does….mismanagement and a whole bunch of crooks
You are so right!!!
And criminals are in control of the city!
@@minhdo1728 Why do you suppose the democrats always want to "defund the police"???
@@minhdo1728 In both the office and the street.
"mismanagement and whole bunch of crooks"...... yeah, that's the demo crat party.
Unreasonable cost of living, outrageous housing market, wildfire crises, homeless crisis, high taxes, high regulations.
All checked, for Vancouver Canada!
@@yipshingho1510 add Toronto too
... earthquakes?
Denver co is just as bad!
@@yipshingho1510 bc is Canada's California lol I just moved here from Manitoba. Can't believe the homeless along the highways.
The sad part is after the middle class leaves the people that are gonna be left are the wealthy and the homeless in California.
Where the poor at? Holla 😝👌
then the sewer mutants will take over the middle
Wait until automation makes the need for cheap labor extinct and we're left with a population of uneducated, illiterate workers from other countries sitting on the corner with cardboard signs begging...Oh wait, our own population of uneducated drug addicts beat them to it..
Nope, the more people that leave, the more affordable it becomes because there’s less competition for resources
@Dav The quality of education doesn’t decrease based on that, and automation is why UBI is necessary
I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me, retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving
@@MarcelPhilips Having an investment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know
@@MarcusFred-wn3iv Who’s the person guiding you
@@MarcelPhilips credits to KRISTIN GAIL CUNNINGHAM, one of the best portfolio managers out there. she's well known, you should look her up
@@MarcusFred-wn3iv Thank you, I just checked her out and I have sent her an email. I hope she gets back to me soon.
My wife and I left San Diego, CA on 24 Jun 2020. It took me a while to convince my wife to leave San Diego due to her family living there. But I was never near enough to my family and with both my parents and my brother passing away, I needed to be closer to my sister in Florida. My other reasoning for wanting to leave CA was political, 2A, and cost of living. Since moving to a much better state, we own a bigger house (2660sq ft), pay less for our house payment, no state taxes, no property taxes and we are doing a lot better now. There are two family members in San Diego that stated they want to move out of CA also.
Will you share what state you’ve been in the last 23 years? I’m in CA and 35 y/o. Think about leaving more than ever lately.
What city would you recommend in FL
Imagine leaving because of political views, and you want a gun cause of "gun rights" lol. Rather than economic reasons like jobs, lol. You're a conservative so it's a good thing you ran away to the south to a politically dubious state.
The first "red flag", was people making $100k per year. Living in their cars, instead of an apartment or condo.
100k a year living in an apartment? I mean its users choice but thats easily house money lol. In california owning a home is ridiculously expensive but if you are making 100k a year, they’ll consider you lol.
@@MrSoulstealer1 learn to read
@@MrSoulstealer1 Over a half a million for a POS house. I watch some DIY programs. In Texas we DOZE houses like that and start over. CA is killing itself ...slowly but surely and they have NO IDEA. IMHO - it's BIG TECH paying SOME of their people HUGE... H U G E money. Landlords said they can make $$$ from selling them their houses. GO for it BUT look what it has done to CA - LAND of Big Tech. BREAK UP big tech!
@@MrSoulstealer1 From what I hear.. There was no choice. Real estate options were too damn expensive.
@@MrSoulstealer1 Gavin Newsome is that you?
This is why whenever I see someone online bragging that they make $100k a year, I look at where they live.
How do you look at where they live?
@@theesurge321 their comment history or if they have social media, give their page a look and see if they mention their city on their posts
Yes!
Dude there are plenty of jobs where you make over 100k a year that aren’t in Cali. Find a better job or get a better skill set
@@candacegarcia921 qwerty p
The problem that I don't see mentioned is that California of the past was so successful that people came here from all over the world for more than 170 years. The problems that we have, overpriced housing, homelessness ( mostly caused by the overpriced housing ) water shortages, over regulation etc. can all be traced back to overpopulation. As other states become overcrowded, they too will experience many similar issues. People that are complaining that they can't do what they used to in their formerly rural area and rising home prices, blaming California transplants. The real problem is that there are simply too many people in the world today.
Very simple explanation: the costs, crime, and culture are awful and nobody is interested in paying for a negative experience.
It's simple. Citizens are leaving because of the cost of real estate. Companies are moving because they want to pay less taxes.
This exodus will turn some red state blue 😀
@@backpackpepelon3867 they're like locusts.
And then they will vote in the same policies and politicians that caused them to move out in the first place.
One pro is cost of living for people who are staying is slowly going down. Never thought i'd afford a 2bd in San Francisco
@@backpackpepelon3867 yeah, all it takes is one cancer cell...wish blue voters ran to other blue States.
My dad told me his reasoning for leaving recently: “nice weather doesn’t pay the bills”... hit me hard
Actually, nice weather kinda does pay the bills. It certainly keeps your energy costs down and makes vacations to sunny locales redundant.
Wow couldnt have said it better
He is right. Nice weather is not worth being slave.
@@mathildaapril1175 fasha
That's not it, it is democrats that ruined the state with their reckless policies.
After living in this state for over 60 years, I can’t believe how bad things have gotten not only for small businesses but for the middle class and quality of life. Calif used to be a paradise, it has now become a nightmare. Outrageous gas prices, more and more regulation, highest tax rate anywhere, gridlocked roads, on and on. This is all a direct result of the far left liberal policies and they refuse to understand or even acknowledge that. We could go onto crime which is not being punished and letting 70,000 criminals out of the jails. What a total disaster.
California has to vote wisely instead of voting democrat all through election year. Homelessness epidemic crime wave housing crisis is making California unlivable. I wouldn’t be surprise if Hollywood celebrities leave California because I bet they are tired of high taxes regulations etc. Californians deserve better
Cali native here, same feelings ;'(
@@Chelsea123ChiiI love California
I was born in California. And as much as I love the weather and such here. This exodus and all this bad stuff happening to California is a necessity. You can't stay forever at the peak, you have to fall to rockbottom to rebuild. Its just the natural cycle of everything.
good comment- it was past the breaking point.
It's not a cycle, it's the outcome of communist policies.
Everyone is blaming the “State” yet its the residence of that state that voted for these policies
I didn’t vote these clowns in I vote red and no on taxes
@@Liberalcali we need to promote red votes and show everyone how these friendly states r all red all we gotta do is vote red to flip it
True. I almost feel sorry for them but my wife reminds me that their politicians got voted in. Just like the people of Venezuela.
@@wax1776 frfr ion feel sorry they just have to vote out the democrats and watch Cali bloom and the democrats the reason for the downfall of that state
@@natoslayer2907 cuz the stoopid not to vote lol
Ironically Californians are making the areas they’ve moved to, too expensive for the rest of us.
You can take Californians out of California, but you can't take California out of Californians.
Same in UK, overpaid Londoners are pushed out and prices are up on everything.
How is that ironic?
You clearly are the type who went to college but didn't learn sqwat
Exactly!!
ive lived in california all my life-50 years. seems crowded as hell to me, still.
I am visiting California from Michigan in a couple of weeks, and the prices and cost of living in California is crazy!
Surprised it took people this long. CA, NY and other areas just makes 0 sense to live or work at. Super expensive for decades.
California is not small business friendly, many of them moving to the low tax state. California is a place for the rich, not the middle to lower class, especially now that many are homeless because they cannot afford to live with the very high costs.
I moved to NYC 3 years ago from Northern California, lived in Brooklyn and worked in Manhattan. The cost of living here is still very affordable than in California. Me and 2 of my friends rented 2 rooms and 1 bathroom for about 1800 per floor divided by 3 to 600 per person. Our salaries are around 130,000 per year.
The cost of eating in broolyn is cheap, neighbors help each other ...
Subway transportation was only 2.75 so we didn't have to buy a car to get around NY.
A city that is very diverse, cool and friendly to the lower middle class.
California is a beautiful state, the weather and nature are beautiful but the rules are very strict, taxation is very difficult to survive especially middle to lower.
@@carrickdubya4765 130k a year is good but not great. But if you really understand IT the average salary plus bonus per year in silicon valley is 230k per year with 5 years experience. I work with engineers making 700k and 1 million per year. Of course the salary is not 1 million but like 400k and 600k bonus. In good companies you get 30% bonus based on your salary and stock options. The very best guys can make 800k with ten years experience. Some guys work 15 years and get pay only 100k - it depends on how good you are. In IT the salary get so ridiculous to the point that people not in IT don't believe it.
@@euphoricrain775 call bs all you want if you look up how much a lineman makes in California it says around 120,000 but we make 400k if all the overtime you’re given you work.
Zoom changed everything
Its been known for a few years, the real shift occurred with in the past 1 year or so, and it was advertised on the news via DHSMV posting the DL change overs from states.. It showed a 22% increase from the "East to the West" and 13% of NY folks also now carry FL DL/ID's.. Crazy stuff, The DMV tracks everything and was at least honest by telling us Floridians whats up and who's coming!
24 seconds in, and I am starting to feel sorry for Texas.
You can see it already.
You oughta try living here, with these idiots pouring in.
Texas will turn blue in a few years. Thanks California!
What happened to us in Texas is one in a lifetime thing with the weather , but what Communist California goes through is an everything thing .. so keep feeling sorry for us while we keep shinning and you stay wherever you live @ dork
@@javidallas4113 I think the insufferable woke mob is not able to reform. They can move to your locality and bring their ideas. we know by now what these ideas mean to a community exposed to them. So get ready
California is going to need to realize as much as they would like a lot of expensive programs in place, they can't go as far as they want with lots of other states available for businesses to just shift over to. It isn't a move to a new country, just a hop over a few state lines just hours away.
The state is controlled by socialists, This is what socialist do. In the end you must hold the voters responsible.
I remember when I was 12 and moved from New York to California. My dad had a business and New York was getting heavily taxed at the time. We moved to California to improve our lives and now CA is getting heavily taxed.
the idea is to hurry up and retire/become a senior so that when they do try to tax you- they look like Bad Guys.
Is this mass exodus going to teach us a lesson, or is this more like a cancer metastasizing?
The Cancer is spreading to Texas with big tech & their extreme anit-freedom leftie ideologies. I'm not red or blue either. Just dont ever tell anyone what they can or cannot do. Let people be free & the people on the left love telling people what to do. I dont get it... Live & let live please
@@jaredkinneyjr unfortunately many of the people leaving California don't seem to understand that. One of my good friends moved from California when he was a kid and his parents still vote blue no matter who even though they have talked at length about wanting to go back to California but being unable to afford cost of living. There is a disconnect. People don't seem to understand how the people they vote for affect their lives with policy and law
Michigan has accelerated their path to California.
I don't see this as dumb people making dumb laws and rules.
I see this as something much bigger.
I always knew Michigan would be a target because of the Great Lakes.
They're working to destroy Michigan and everyone in it so that the ruling class can get rid of the local cockroaches, the 99%, and scoop everything up.
Michigan is full of natural resources and largest fresh water reserve in the world.
Whitmer has been given her orders to decimate.
Most people too stupid to understand what's happening.
Unfortunately, we will all be victim, no matter where we live to Agenda 2030 and Great Reset if we don't put up resistance.
It's a metastasis. California will forever be a Blue state, because they've successfully imported enough demographic shift to cement a stranglehold.
The blue wave is now sweeping across the country. It's only a matter of time before every state is just like California.
Why the exodus? "The fact that you don't know is half the reason right there"
they dont even talk about 2020 at all
They know, they just don't care and want to spin it like the reason isnt the corrupt politicians.
supply and demand and gentrification ruined California. now it will ruin Texas.
Perfectly said, if you still don't know, I guess you'll never figure it out.
@@Studio-C there are people of all ages in this country/state, there's no reason to gatekeep information to feel superior when a lot of folks are really young and just learning the basics.
if you work in NYC the tax you get taken is around 33% in total. I say this from experience, my check was $1350 and I only got around $900 after taxes. I'm somebody that sooner or later will be leaving NYC.
My cousin is from Brooklyn, left New York, and moved to the Des Moines area because of the high cost of living
Good the state will learn from its greed. Forget major businesses, you can't never raise an ordinary family in this one state alone.
California: "You don't like it? Leave!"
Companies: "Ok"
Dude, 18k companies left within the last decade. Thats insane!
Good
Texans (and Austinites): NOOOOO!!!!!
California : *Surprised Pikachu Face*
Deep down California lawmakers don't care if people leave. If California keeps growing it will be clustered as New York or even more
The cost of living in California is ridiculous, I could never afford to buy a house out there that is why I left.
Dc and cali. Highest ive personally seen
Please don't leave. Stay.. rot with your leftist thoughts and stop poisoning our Republican states.
Listen not everyone from California thinks that way we just want a better way of living
@@methodlessmadness3132 and ?Hawaii
@@nerad1994 i was thinking main land. But sure Hawaii id say is over both of them.
They just eliminated Fast Food restaurants in Cali with their $20@hr min wage. There just won't be any McDs, Arbys, KFC, Chick-fil-a...
Politicians are throwing their hands up wondering why the homeless population has exploded, and why crime is extremely high.
It's unlivable for regular people. I watched a video titled 'Save LA' and it really put into perspective how bad things have gotten.
BC in Canada is turning into the California of Canada. We already have a major homeless problem and a lot of people are leaving for other Provinces for more affordable living. BC already has a negative birth rate; it's only going to get worse.
i heard the canada's california thing way back in the 80'S. who made that vid?
"what's causing this exodus?" Unless you've been living under a rock for the last 20 years, it's pretty obvious why people are leaving.
Woah woah woah. You’re not allowed to think that!!! (Sarcasm)
@Samuel Santoro Your king lost the election, cry us a river.
@@robertkennedy6397 our 45th president
@@robertkennedy6397 Your state is dying. The economic system that keeps it afloat is on the precipice of disaster. There is a mass exodus that even the left wing mainstream media can’t ignore, and your focus is Donald Trump. It’s that kind of thinking that is destroying the second largest state in the country. Good for you!
@@jerrybesch8532 Just like President Biden is YOUR president.
Stagnant wages, outrageous rent and home prices, and overbearing taxes.
Pretty much as simple as that.
correct, correct, correct aaaaaaaannnnnd correct
A shithole in the ghetto is like 1500 . Loud music and drinks all day and night
Just a start.. im retired a multi millionair renter.. Neighbors refuse to acknowledge my presence.. No kidding the most unfriendly place I have lived out side of marlboro massuchuttes where they still call your home by the last owner right in front of you??? At least in san jose they just ignore you....
Sounds a lot like vancouver lol but wait california's economy is larger than all of Canada,wonder what went wrong.
I've lived in California for the past sixty six years and the traffic keeps getting worst!!!
I love California. It has deserts, mountains and the ocean near by. It has great amusement parks like Disneyland, California Adventure, Knotts Berry Farm, Magic Mountain and Universal Studio to name a few and it has many professional teams like the Golden State Warriors, Los Angeles Rams, Los Angeles Lakers, The Los Angeles Dodgers just to name a few. You can go up north to wine country and see the cute town of Carmel or go to San Diego and see the cute town of Coronado Island. These are just a few things that you can do. There is also a lot of great restaurants and let's not forget about the beautiful weather in California. Also there are a lot of beautiful hotels here. Yes California has it all if you can afford it. But unfortunately it is too expensive for many people to live here. So I can understand why people would want to move.
The entire country is beginning to become like CA/NY. Expensive, homelessness, high crime, "liberal policies".
When I left California 3 yrs ago, I was making 150k/yr, impossible to afford a home in a decent area. CA is super unfriendly to middle class.
What's a middle class? You either have gobs of money to afford gated communities or you live in a tent.
$150k is middle class!!!!?
@@theresekatie4841 Its all about cost of living... and in CA the cost of living absurd.
@@trevor6607 true, where I live $80k is middle class.
@@theresekatie4841 In some parts of Cali like San Francisco, individuals making less than $90k are considered to be below the poverty line threshold.
God damn it, now they're gonna ruin Texas
Yup...their gonna turn it into California.
Austin is already LA of Texas.
Leftism destroys everything
They already have . look at Austin .
Fix it you mean? Maybe they'll drag the loon star state into the 20th century, and eventually the 21st. I give Texas about 8 years before it's a blue state - thank God!
All my family have left for Idaho, Texas and Missouri. All of them say it was the absolute best decision they ever made.
Remember this: those 20 or 30 workers in a 'mom and pop" business are the ones who each know at least 100 voters, can influence them, pay taxes, keep the economy going or not. My question: why do we keep working for monopolies that get tax breaks and keep us poor ?
We will be having this same conversation in 20 years asking why companies are leaving Texas and going to Alabama.
That’s if democrats stay away from Georgia. But so far they took over GA so those taxes are crazy laws are coming
Scary thing is that could actually happen in the future
suuure
The democrats will vote and mess up everywhere they go
More like 5 years
The most shocking fact about this, the video was done by CNBC.
left leaning media is more self-critical than conservative sources imo. I have NEVER seen Fox News et al criticize similar right wing negative trends.
lol
@@TactileCoder what are some negative right wing trends?
You woulda thought Fox would’ve done this story. Guess not.
@@FlyingV555 Fox doesn't have an outlet that does videos than this. They do this on Fox News directly.
I’m in Florida. You may see a homeless person here and there, but hardly ever. There is one every few feet in California, San Fran, L.A, everywhere. So you tell me -what makes the difference?
One guy told me he left California because because he had small children and they would be going to school in couple of years.
He realized that the schools were drug infested and he did not want his kids to get involved with that.
The people are moving and voting for the EXACT same thing that made them leave California...
Can’t wait for Texas to become California
@@yeetyellow4024 I understand all the thoughts about this but I don't know if this would happen. Main stream media wont have you believe this but people, in general, either side of the aisle are more common sense about things and really can find common ground. I think people see a good set up in Texas and won't bring what brought CA down simply because that is why they left. IDK, as man we find a way to screw up everything time will tell.
How? Democrat policy isn't even what caused the main issues of California.
The reason most Californians want to leave is high cost of living, the reason the cost of living is so high is because so many people live there already.
@@dillonblair6491 So you are saying that it is Trump's fault?
@@dillonblair6491 delusional.
Honestly a high schooler could've told you all this as well. This bubble was going to pop sooner or later. Inflation in california is just insane.
@David Webb, broke how? Also, I appreciate the exodus.
@David Webb
Dude! You forgot to factor in their Agricultural and Logistics industry which still rakes in billion of dollars; and is having a hard time finding high skilled workers to fullfill their gaps.
Even with undocumented immigrants, that still not enough and need more workers. They alway failed to poach future employees from the Tech, Additive Manufacturing, and Entertainment industries.
@David Webb
Also! Do you actual read the CA’s treasury dockets, and optics graph analyzed by statisticians?
@David Webb, yeah, it's the highest in welfare costs and has a large deficit. Had to go confirm the info. I live in LA and live LA and California, but I hate the local government. I'm not a huge fan of the police, either. They seem plenty helpful for the capital group owned development across the street from where I live, but not for the residents. I feel like that experience pretty much sums up how our city government works, which makes me feel like that's how California in general works. I don't see many people to vote for who I feel are likely to fix the issues causing the bad financials.
thats actually a good things when big tech move out from california.
supply and demand. hope it will bring back down rent price and other.
the economics also not centralized in california again. it can spread out through US more.
Whatever it is, please don't stop leaving. It'll make the place liveable again.
Excellent analysis and insight into a massive trend that is shaping the America of tomorrow. A must-watch for anyone.
alternate headline: tech nerds conclude theyve ruined Bay Area, Off to ruin Austin next
@CRAM MARC thats not true at all lol
@CRAM MARC If Austin is like Phoenix your summers are hotter than they used to be. Not because of gasoline cars, but due to cement and asphalt.
hope the Bay Area returns to the former tech ways when ppl were less racial.
@@thetruth4865
🤔 What ?
😒
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@@swahareddy8822 you must be fun at parties
@@swahareddy8822 shut up
As soon as the video starts forward the video to the front of the very last ad, then go back to the beginning ;) also, if there's 3,4 or 5 ads, just put the video in front of each one, last to first, and they'll disappear. F$ck you youtube 🖕
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We just moved back to CA last year in the pandemic. The Bay Area even. The simple laid back days of just “going west” are long over. People need a major plan and a whole lot of effort to move to and live in the desirable regions of CA. If you’ve been here for awhile but standing still, you’ve actually been moving backward. Pick where you love and work at it.
I am a 3rd generation SF Bay area native lived 60 years between San Francisco and San Jose, my family goes back to 1890s San Francisco, I grew up in Mountain View up until the 1970s the bay area it was idyllic lots of farm land, open space between towns, one could go to the city on weekend nights and walk around without fear, or drive to Santa Cruz on Friday night and get there before Saturday morning, drive to the Sierras and back in one day, etc. I personally witnessed the slow but steady destruction of the state at the hands of the democrat party and their liberal policie - it got to the point where your only choice was between two democrats. Pelosi's city is now a cesspool I have seen people drop trowsers and deficate in the doorways of businesses or shoot up right in front of city hall. The taxes, crowding, crime, homeless, traffic make it unlivable. Mountain View preserved one acre of farm land (Cuesta Park) to remind people of what it used to look like - today I would not go there it is infested with drug dealers and worse. The home I grew up in was purchased in 1955 for $11,500 (cost corrected today $132,250) now goes for $2,600,000. What family can afford to put down $1,000,000 and service a $1,600,000 loan (plus property taxes) for $13,000 per month for 30 years for a 900 sq.ft. 3 bdrm 1.5 bath 1950s house? After 60 years my family had enough and moved to the rural part of a cold "red" state. I miss the state of California with its natural beauty but not what the politicians have done to it. My only regret is in not having left sooner.
This video: California is dying
Gavin Newsom: Nonsense! Also, we’re raising the state income tax to 16%...
This what happens when you put 1 party in charge of all your institutions
Democrats and communists
The issue is now they are losing high income taxes which makes it worse!
@5G EQUALS CORONA VIRUS You must not actually live here.
Texas
I’ll save you 20 mins: they move because of taxes
lol. And California will continue to be the 5th largest economy on earth just like it was before the tech-bro's took over. Jealous much?
Also this is CNBC encouraging people why they should consider moving to Texas (wink wink)
@@GradyBroyles it won’t be the 5th largest economy for long if people keep leaving in the numbers they currently are leaving in. What are you going to do then? Try and force them to stay?
What fuckass year !!!!!
@@JohnnyJPatt lol you act like this has never happened before. You must be new here.
I have a co-worker that moved to Mexico b/c she wanted to work remotely from there, however our company to save money was going to do an international pay adjustment since she moved to another country where wages are lower there. She moved back to the U.S. faster that a virgin boys first time.
what a cheap-ass company- or maybe they were trying to tell her something.
I used to live in San Francisco , CA the 220 foot drop from the Golden gate bridge to the ocean is a fact , 1,000 people every year go to the Golden gate bridge to commit suicide
1. The government.
2. The government.
3. The government.
Honorable mention: The government.
The voters
And who drives the Govt ? The voters that gave both CA branches a super majority. Make no mistake, the CA transplants are going to trash the states that they move to and wonder why things get bad.
But, but.. how will our public employees get them fat six-figure pension contracts, and how will workers not get paid 8 bucks an hour without the government?!!! Who's gonna ban those plastic bags, and require adult performers to wear condoms?! And how are those college brats gonna pay for the liberal arts studies! You libertarians want to live in a jungle!! Jungle like Texas or Florida.
I'm being sarcastic in case it wasn't noticed.
Blame Newsom and liberals this is what they want watch us end up in real life escape from LA
@@nonmagicmike723 said : " And how are those college brats gonna pay for the liberal arts studies! " I say, have a look at this vid,be sure to watch the entire thing. " Columbia University Students Vow To Ramp Up Tuition Strikes " On the channel " CBS New York
To summarize it’s the high costs and low quality of life.
So you are saying... a state divided between the super rich and their public services serfs isn't a dreamland? Have they tried taxing the rich even more to make up the difference?
@gunner Richthofen Work hard and keep little or work less and get freehand outs. Which do you think people would vote for? Socialism/Communism sounds good in theory. IN THEORY.
@gunner Richthofen lolol
smartest comments on the line I have seen for a long time.BUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
@@almostontimehero5415 it would work if humans in general weren’t greedy. When you build an idea or business from the ground up you want to see it flourish. It’s why billionaires never retire.
But taxes are generally the same everywhere - it’s not taxes that are destroying California business, it’s anti-business practices that are forcing companies to leave.
Left Cali in 08', one of the best decisions ever. Quality of life is so much better than what we had. We can visit the San Fran Bay area anytime, just glad I don't live there and didn't raise my kids there.
13:00 is basically "If we're not careful, we'll have to cook our own food, mop our own floors, and raise our own kids, because there won't be anyone to do it for us." Waahhhhh!
California doesn’t have a revenue issue, it has a spending problem.
Its going to have a revenue problem...
Its not a revenue problem, its a leadership problem. The liberal leadership ruining the state.
40 million people in California has something of an effect. Put 40 million in Texas and you're going to have the same issues.
And people have a problem with defunding the police yet complain about the spending problem. lol
@@chrismilyo3702 You really do not know California politics lol. You should see what happened when Republicans ran the state under Arnold. The state was on the verge of bankruptcy and they could not afford to give state tax refunds back.
Native Californian for 66 years... leaving due to wildfires, PG&E mandatory power shutdowns, politics, and insane cost of living. It was special once...
They crapped in punch bowl
@@Nateasnay gruesome newsom TOLD everyone to crap in that punch bowl.
You won’t be missed
@@richierich30001 imagine caring about being missed by some strangers
@@cosmic_gate476 I know him.....he won't be missed
I would really live to see an update on this
This avoids the political reasons and naming the political party that is responsible for implementing the policies that have created the reasons why people say they are leaving. Blaming recessions and covid is deliberately us but the whole reason why.
all these damn taxes just to still have terrible roads and trash everywhere
I can confirm this having lived in California several years before moving out. Looks like a dump everywhere and it's embarrassing to see international guests have this impression of America. Disgusting!
That's because they are stealing our tax money by sending it out of the country for aid- grants - and bullshlt "world memberships". Does it matter that we need our money? No. They are even spending the money of the people in the future, their future money, our children & grandchildren and theirs. When are people gonna wake up? They are gonna keep people poor & powerless for generations to come.
Without the "damn taxes" you'd have no police (1/3 of the various city budgets).
That would really work
Don't forget the homelessness.
I live in Sacramento California and the road are horrible where I work and garbage every where but rent still going up smh
When I considered moving to California, I couldn't justify it financially. High taxes, insane home prices, gas prices are stupid... Couldn't do it.
I wouldn't justify it socially either
Why would any sane person ever consider moving into that shithole anyway
Texas is no better. The reason my so many californias go there, is because they are the only people paying less to live there. Texas has high property taxes and high housing prices.
@@_PatrickO And this past election Texas stayed Red by only 8 o/o of the total vote; as more Blues move in Texas may soon become another California --.--
@@_PatrickO Wrong. Don't know where you heard this.
I recommend considering that surbs and single homes are so expensive they push entire cities into debt. Affordable neighborhoods should contain mixed architecture, more apartment buildings or small, old style tenement houses.
..and a community garden (but no weed growing allowed).
I left 12 days after the Northridge quake. Lived there for 12 years. A part of me shall always be there.
California: *shoots its own foot*
California: "WhY dOeS It HuRt??!?!?"
😂
New York proceeds to do the same
Well it seems there are these metrics which are causing this...hmmm
then theyre gonna do it to texas
Your all idiots! California has over 40
Million people , most population in any state of America , losing 200k people a year is not a problem
As a Californian, I'll summarize it for you why people are leaving the state:
- Highest tax rates in the nation
- Short supply of housing which is causing rent and house prices to skyrocket
- Not enough high paying jobs to go around
All three of which are really quite easy to fix.
"Not enough high paying jobs to go around" - This is false. I lived in the Bay Area and could trip and fall and get a job. You need skills my friend.
@@MrHellweasel
Why fix it? This will stop people moving there, which is a good thing. Maybe all the people trying to make it in all the industries there just stay put and try to change their backwards and retrograde communities in the Midwest, Southwest and the Mountains states. Stopping brain drain from the heartland should be a priority.
@Nick Pagnucco
High taxes in Florida?
😂😂😂😂😂
@@Etatdesiege1979 More functioning states = more competition, which is always better.
Why do they only talk about the crazy high places? We just bought a 4/2 for $310,000. That's less then the lady in Texas bought her house for... California isn't too expensive unless you want to live in one of the 3 largest cities. But considering how large California is there are tons of other places to live and work. California is more then just San Francisco, LA, and San Diego.
Everyone from the company I worked for, moved out of California when they retired. Florida, Idaho, Oregon, Arizona, Nevada, Texas...
It's funny to watch journalists try and figure out what the normal man already knows
Hey Carlton!, I remember when a bunch of Hippies threw you out of their van when you were hitchhiking to Bel-Air. Hah
They gas-light us and we are fighting it. Divide & conquer by misinforming and accusing people of lies to keep them on the defensive.
You remember that time those black fraternity members wouldn't let you in because they thought you weren't black enough and you stood up to them? Well we need you again man.
Journalists are the dumbest insects ever to infest society. Seriously.. fail at every academic pursuit, then become a "journalist". These people should not be seen as anything more than court jesters.
@@soukavathkeomisy3858 Carlton would be called an Uncle Tom today, along with the whole Banks family. Uncle Phil voted for Reagan twice! I miss the 90s.
High salary/income is meaningless when the cost of living if higher and standard of living is less
Do tell !
Very true
It’s downright depressing to feel poor even though your W2 says you’re grossing 6 figures, especially if you came from somewhere more affordable so you know just how BS your situation is.
Actually California is dope, the weather is great, absolutely great! Most of the people are open minded, but their politics are garbage, that's why I will not move there when I really want to
@@ThePeacePlant I don't want open minded people if they aren't intelligent. They apparently are lacking because they keep voting in crazier and crazier people. Who in turn are driving out the most intelligent and hard-working people. Which now completely works against their agenda to take from the middle class to give to the poor. Then making it even harder on the middle class. It's like a compounding interest of horrible ideology. Reward useless people in society. Punish the good hard working people. And finally insert everything that's abnormal and insane, calling it correct. Smh. Id love to see farmers cut off for supply to all the major cities just to watch them implode
As a native San Diegan, I can't understand these people who live in inland CA. You pay all the high prices and taxes and BS but you don't get the nicer weather and scenery. Might as well move if you are so far from the coast.
I'm glad people are leaving. Its too crowded. I've lived in IL, VA, PA and I know that I'm paying big time to live here. But you really can't beat the weather, and to me, while I can't say it's "worth it", it's the best place to live in terms of weather and scenery.
I paid $18 thousand in2020 state taxes, then got a tax bill for $7,300. I'd had enough. Home based so moved back to my Vegas home. 2021 state tax bill: $0. From 1,940 sq ft at $4,100/mnth to 4,892 sq ft and gorgeous pool at $2,404/mnth. SO much better quality of life. Hotter? Not lately.
What are you going to for water in 5 years in Las Vegas?? What will your home be worth when that happens?
@@billkallas1762 Hopefully Mead goes Dead Pool. Then no water can go downstream and ONLY Vegas can draw water from its $1.5 billion 3rd straw at the bottom of the Lake. Vegas uses only 262,000 acre ft/yr compared to SoKal 4.4 million, Zona 2.2 million. The Colorado River flows 5-8 million acre ft even in the dryest yrs. And there are 1,000 ft deep natural aquifers under the whole Vegas Valley which supplies 90% of The Strip's water, many of the golf courses and thousands of private wells. Most of the rain and flood waters replenish the aquifers, some gets to Mead. Phoenix has 8-years of water stored in its natural aquifers. Vegas recycles 100% of wastewater and has super strict landscaping laws. Red Rock Canyon currently has waterfalls and dozens of running streams, of which none gets to Mead - seeps into the aquifers, and lush vegetation back in the canyons. Vegas Valley is a 500 million year old desert oasis cuz of the aquifers. Springs Reserve close to Fremont Street has been retained as a state park to showcase the Springs that just bubble up from the aquifers. Vegas had the most hot springs in the world before everything started getting paved over. In conclusion, those with ALL the facts know that Vegas will NEVER run dry. SoKal environmentalists will run dry, though when Mead goes to Dead Pool. I vote 'Drain Mead to Dead Pool.
@@vberbano It doesn't work that way. If no water goes over the dam, then water to Nevada gets shut off. Besides, there will be no electricity in Vegas. There is a treaty with Mexico that they must receive a certain amount of water, no matter what.
@@billkallas1762 Soooo...tell me how it works if no water can be pumped from straws #1 & #2, and water is too low for the spillways? How does it get downstream? Twll me what Dead Ppol means? Why are they so concerned about Dead Pool? How does the 'contract' guarantee water goes downstream that can't be released downstream? Where are the pump draws to Kalifornia? How high must THAT Lake be maintained before those pumps can't draw?
@@vberbano When we start to get close to "dead pool" there will be mandatory water restriction for the Upper Basin States.
(Colorado, New Mexico, Utah and Wyoming) Right now, the water level in Hoover dam does not allow maximum electrical production. As the water level decreases, the power generating ability of Hoover dam decreases......Just Imagine Las Vegas with reduced power.
The first person to make $1Million in the California Gold Rush never saw or handled any gold.
He sold SHOVLES!
If this is true than it’s hilarious
The 2nd person ran the brothel
Shovels
Tacos..made 2 millions..lol
@@mohammedrashel1888 Most of the millionaires coming from any boomtown were those who ran the general stores, saloons and hotels. Read about the Canadian Klondike, very interesting history. Sam Steele (the model for the Canadian Mounty this guy was a severe bass) and Soapy Smith (Con Man) for example larger than life characters
I left CA to a state where I could rent a two bedroom apt for the same price I was paying for a floor space with 5 other people. I'll never go back.
Come to PR, you’ll pay a full 2 stories house with less than 1k 🤣
I would leave CA too, I left NYC it is a mess but CALIFORNIA is worse with its homeless than NYC
do not vote for Democrats!
@@xealit don’t vote republican either
That's cool. Dont vote dem anymore and this wont happen to you again.
For me it was an emerging music industry in Atlanta, as well as, the motion picture industry filming in Georgia.
I've been living in Southern California all my life, and while there's no doubt that California does have nice weather, the IRONY in all of this is that California is POORLY EQUIPPED to deal with Natural Disasters. Whether it's the massive amounts of rain that we've received in early 2023 to the WILD FIRES. Seeing how California responds to natural disasters is why I've recently invested in a high quality earthquake kit because they ain't coming to help. Also, to anyone buying property in the state, I would suggest you TRIPLE CHECK your FIRE INSURANCE Policy to make sure it includes WILD FIRES!! I've heard tons of stories of people being priced out of their house because of the insurance premiums and I've also heard that some locations will have little to no coverage in very high risk areas (e.g., Topanga Canyon, Ventura County, etc.) The most heart breaking thing is seeing someone lose their whole house (incl. Contents) and the insurance companies respond with a "damn that sucks... ok talk to you later" -______-
The taxes are too high and the money is spent poorly anyway! $15 an hour in California's cities gives people less purchasing power than in $8 an hour in most other states.
Here is the real issue, because of technology, employees and companies can now move where ever to work. They will pick the lowest tax areas that make sense for their business. States will realize this and compete against each other reducing taxes to bring in corporations. Its a race to the bottom, which state can bankrupt themselves offering more and more to corporations just to keep them in state.
Yet they want to raise the minimum wage to $15 what a joke
The 15 minimum wage arose AFTER the housing costs rose along with other commodities. What do u expect california to do? Just never increase its wage? Rely on its weak union base?
@@robbyrdog it should be raised to $15 an hour or whatever the % equivalent for the area. But it should be a federal law, not state. Without uniformity we will see more and more people fleeing to less taxed areas. If it was universal over all the states we wouldnt see this type of movement.
@@GreenThumb27 not only that but Cali supplements other states.... basically gives more then they take in
I can't believe they didn't touch on the homeless problem. I live in a small college town and there is a bum on every corner panhandling or yelling at clouds.
They want God to send down manna.LMAO!
I'm not sure I am ready to start defending clouds just yet. They are elitist in nature and they taunt us with their ambiguous form.
The Homeless IS touched on... More than once.
Yup same in San Diego
Yelling at clouds?... LOL.
Born and raised Bostonian, started my career in Boston then years in saw many of friends get married and start having kids. Same thing happened many started leaving for “better quality of life”, many found jobs for close to same salary but cost of living is significant lower so equates to a significant increase. Also, many wanted wife to stay home to raise kids.
I thought of taking a vacation to California...but when I realized that a simple basic hotel room cost $200.00 a night I said no thank ill stay in the north of the EASTCOAST...
"What's driving the mass exodus?" Easy. Burdensome building codes + overregulated zoning laws + equity firms consolidating rental properties and inflating rent prices = Nobody can afford to live in CA cities w/o roommates, a six figure salary, or a trust fund.
Also Prop 13 and foreign investors
It's happening everywhere to be honest.
@TRUMPANZEE TRASHER203 I know,, it’s disgusting! And the politicians that are both commies and crony capitalists each have crime on their hands for allowing this to happen to all 3 beautiful states along the west coast 😡
Taxes and Regulation.
Pretty easy: Too expensive, no homes, high taxes
@Javier N If homes sell that fast, that isn't a good thing. It means that there aren't enough homes.
Say it again for the people in the back. Love California but this is ture af I know people that are moving out of state.
Its expensive because there is too high demand. Do people honestly think people can just constantly migrate to California without there being problems?
It’s not that expensive if you live outside the cities.
@@justinwoodward3413 That's not entirely true. People are buying homes right now because it's more affordable. They're selling because so many people are leaving. People are buying to sell for a higher price when the market turns around. ($425,000 house can sell for $3 million in 2-5 years). The thing is that the market in California is doing a downturn and doesn't look like it's going to be changing any time soon.🤷🏾♀️
Because of bad government, bad politicians and bad policies. Cost of living, high taxes, high inflation, high homelessness, high crime.
It didn’t just happen, it was created.
People come to California from all over the world. A lot of companies move their headquarters to other states for tax purposes, but they still maintain a healthy presence in California. 136,000 left in a year in a state with a population of 40 million people? That’s a drop in the bucket. California has its challenges and it does need to rethink a lot of its policies. People working remotely is changing the landscape. California needs to adapt.
Everything in California is expensive - moved away many years ago and never regretted it - there is life outside California!
If you want to live in a red state... hell no!
@@stephm.3407 - There are other blue states besides CA.
@Indrajeet Patil Jihad Jihad Jihad
@@stephm.3407 Yea RED STATE = FREEDOM! PLEASE stay out of RED STATES and if you have to come leave your liberal policies, rules and laws back in the POS BLUE state! Notice everyone is fleeing BLUE states? IDIOTS!
@@billybeemus3929 Yea and the very few that are remaining are at the brink of bankruptcy! EVERYONE is fleeing Liberal RUN BLUE states!
Texas is going to have to finish the high speed train from houston, dallas, Austin, and San Antonio quick.
Edit: To those who don’t believe its going to happen its been approved already. Its set to be completed in 2026
I'm telling you, this has become a life goal for me. I'm trying to help make that happen here in TX and even around the US eventually, no reason we shouldnt have a bullet train!
@@jasg. Uhm yah that's never going to happen.... multiple reasons incl. bullet trains need to go straight and left/right which means a direct path (which means relocating/taking over property amongst other things)
@@Luka-to8kc it could happen
lul as if big oil or the automobile industry would even stomach that kind of competition. They likely have already bought land all around Texas to ensure it NEVER happens. Just need to lobby in the right political goons and oh look people who love voting in intrusive big government are showing up more and more.
Get real.
@@pokeman5000 So without intrusive govt the corporations buy up the land to ensure it never happens, with intrustive big govt it doesn't happen. Damn America. All routes lead to corporate control.
Yep. I moved my business out of Cali a while back. While stagnating in Cali it is now triple what it was....
Funny how you answer your question within 20 seconds. Then went on for another 19 minutes.
Theres a billboard on the freeway that says,”NEW MEXICO ISNT CALIFORNIA.&WE LIKE IT THAT WAY.”
We have shirts, stickers and signs that say “don’t New York my Florida” bc of these same issues.
Funny billboard
New Mexico who please New Mexico was Mexico first so stfu
Lol those are all over texas
Unfortunately, California residents are moving to states like NM. They will vote the same way they did in CA. I hope they don’t but let’s be real, old habits die hard.
That stat was jaw-dropping. "50% of all homeless people in the US live in California"
You've obviously never been to Southern California in winter.
Why is that so shocking? Big part is the weather. Florida has a huge homeless problem as well. Hard to live outdoors in north dakota in the winter time. It is not like that 50% started out in california. Homeless migrate to where they will not freeze
The more people flock to an area to chase a dream. The more failures end up on the streets. It's why New York City, not state, has a homeless problem. Get it, no opportunities, no one around to be homeless.
@@estherc.5559 I mean that kinda makes sense. I've never considered measuring the homeless population by the state as a national total.
@@estherc.5559 lol, or just because even if you work 2-3 jobs you're still not able to afford decent housing there. xD
What’s driving the mass exodus? It’s the people sitting in their state government and the policies they implement.
I truly don’t blame those companies. It’s horrible that people even paying the highest GAS price and housing in the U.S.