It was pretty shocking meeting the locals in SoCal over the last week. Almost universally - without prodding - most mentioned how they wanted to leave or knew people who wanted to leave. Everyone agreed that the California exodus was still occurring and would continue. This surprised me, as I expected by now there would be a slowdown in people moving out. But not so. Head to www.reventure.app to track migration data for your county, metro, and state. In 2023, California lost -197k people. What will it be in 2024 and beyond? The migration data point is under "Investor Metrics" and comes with an premium plan.
Meanwhile, foreign investors from Asia keep moving in and buying up homes, which jacks up prices even more. I am Asian myself but I still see that this is unfair to local Americans who can't afford a home because their salaries are limited to local economic levels.
@@michelleadams5609 You contracdicted yourself- you have 2 jobs....does that not prove that cost of living in Cali is too high that you need 2 jobs to make ends meet (if that!)?
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
Oh yea....and some of the people that actually are not drug users are going homeless. Cant pay the rent. flooding the streets with motor homes and vans.
I moved to California about 12 years ago for a job. I lived just north of Los Angeles in Ventura county. Absolutely gorgeous out there. I was making pretty good money with an IT job. Life was good and I had high hopes for the future. I rented with plans to save up and buy a house. It finally dawned on me that the people who got here years earlier owned all the property, and recent transplants like me had no chance of ever owing a house. House prices increased faster than my salary did. The California dream was already sold out to the highest bidder. Meanwhile, the politicians in Sacramento keep coming up with ways to extract more and more money out of the citizens. Higher taxes, new taxes and fees, forcing people to buy EVs while outlawing anything that burns gasoline - the costly ideas and plans just keep coming. Even though I wasn’t able to buy a house here, I was able to buy a house in a semi-rural area in another state with a 2.5 acre wooded lot. The land itself is surrounded by forests. The mortgage payment costs less than the rent payment on the 640sq ft one bedroom apartment where I lived in Ventura county. Insanity. Renting a moving truck to leave California is also insanely costly. A 26’ u-haul truck rental costs about $6,500, IF you can find one. Instead, for a little more money - I bought a 7’x16’ cargo trailer instead. The guy at the trailer place told me he was selling lots of trailers to people that were moving away. I can sell the trailer later and recoup some money. The California dream is dead to anyone that wasn’t here early enough to buy housing when it was cheaper. California has to be headed into an economic crash sooner or later once enough people get priced out and move away. The middle class has no chance here. Sacramento politicians are trying to devise ways to keep taxing people after they’ve left, arguing that they haven’t really left. I guess they need the tax revenue and will do anything to get it. I’ll be leaving here in the fall. I’m done.
The California Dream/way of life is something that should be feared and regarded as something to avoid like the plague. Even me, an old school 90s/early 2000s liberal rejects and tells people all the time to reject anything and everything California stands for. To me, the California way of life is a cautionary tail of how not to live your life or to model your town, city or state after. It brings with it corruptive and harmful politics, a very unhappy and self centered world view, policies and mindsets that make everyones lives harder, disconnected and oppressive. As well as leaving tons of doors open for rampant degeneracy in just about every corner of life in anywhere its allowed to grow and take over. And now there are multiple states that once were very livable and normal, well adjusted and hard working person friendly, are now almost indistinguishable from California in much of how their governments and cities run.
Yep plenty of failed transplants do you think it'll be different some were else?I think not you'll see the banks own all of America ...you can't run from a system that surrounds you!
Not everyone. The mania for "owning a home" is part of the problem. You don't own a home until you make the last payment, and then you can lose it to tax liens. In the meantime, you spend a lot of time and money working on your "home."
Renting is 100% throwing your money away. Owning is a low risk however your are much more likely to both build equity by paying down your mortgage and by appreciation over time but renting is a certain zero gain for the renter because at the end of the lease you have nothing to show for it.
@@larrybremer4930 About 40% of Americans live in homes with no mortgage. I live in one of those houses. My wife bought it 40 years ago. She paid $38K and now it's $1.3 million. But that is all inflation. I doubt that we would see that much inflation if we bought at current prices.
@@tangobayus So you really think that 38,000 in 1984 is equal to 1,300,000 today? The true purchasing power of that 38k is closer to 115k today so you are up about 10x on that investment there my friend and proof that owning is superior to renting assuming you don't keep borrowing against your equity or have massive drop offs in price. Sure a stock can outperform that but a stock does nothing for you while holding it where a home you can use while it grows your net worth.
The goal is to own a home so you can actually retire lmao. You eliminate one of the biggest aspects in cost of living so your money lasts longer. If you rent your entire life you will be working until you die unless you live your entire life way below your means and put every little bit into retirement
Great video! For 2024, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
You are right! I’ve diversified my $450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
I grew up in Hawthorne (about 20 mins NW of Carson) and my parents sold their house in 97 for $199k. Today, Zillow still values the house over $1m. One thing you need to keep in mind, just cos a house appreciates 7x what was originally paid, the secret to the “California Dream” is that everyone lives off the equity and is not uncommon for ppl to refi every few years to pay for everyday life. The reason so many ppl are now leaving is because all the equity dried up and no one qualifies for a refi.
I grew up in Hawthorne too. You nailed it. I think the only thing (somewhat) holding Vegas and Phoenix prices up are the Californians who have had enough.
PS the Zillow values are bunk. If it says 1M, I bet it would sell closer to 900k right now. I am looking at several neighborhoods between say LAX and Disneyland and the Zestimates (and asking prices) are now often off by 100k. For example, you'll see 5 houses for sale, all in the mid 9's, but all the comparable ones that recently sold were in the mid 8's. I'm seeing that over and over again.
True story - it took my parents 50 years of making payments (when house almost paid off, they did cash out refi to pay off old credit) to finally own their own home in the most expensive county in the USA - San Mateo County.
@@CaptainCaveman1170 Zillow and Redfin are majority owned by Blackrock: the company that has been buying up all the houses and causing the bubble. Of course they want to see their home prices high as they exit at the peak of the bubble...
I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270,000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.
To tackle investment risks, the safest approach is to diversify across various asset classes, such as bonds, real estate, and international stocks, to minimize the impact of a market meltdown. Seeking expert guidance is essential.
Many people underestimate the value of advisers until they experience burnout. After a challenging divorce a few summers ago, I sought out a highly qualified licensed advisor. Her guidance has been invaluable in keeping my company afloat and thriving, despite inflation.
how can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success??
“Carol Vivian Constable” is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
As a resident of California all my 60 years I can share with you that if you are a renter out here there is a high probability that you will always be a renter. If you did not inherit property or come into a Boat load of money you are screwed! You will always financially struggle out here. So unless you want to keep struggling I suggest you look at better options because the cost of living out here is only going to get worse!!
Another option is to have 2 incomes of over $150k/year. They often take a master’s degree in the right field to do it: AI, robotics, biotechnology, accounting, healthcare, self-employed construction, etc.
The worst part is, the people leaving are business owners and skilled workers and others with the means to leave. In other words, law-abiding taxpayers. Uh oh.
@@carolynparton8842I made $125k a year when I left. I was taxed a lot, not alone SS, Medicare and benefits. I left to a state with no income tax, saved $500 a month.
I lived in San Diego up until I was 20 years old and I felt like I had to move out of California. I love the culture, weather, geography, etc. Everyone I know and love lives in California but I just didn't see myself going anywhere or making any progress. One of the worst feelings for me was trying to become an independent adult but being stuck and stressed. I know there are a lot of young adults like me that feel the same way and it is truly sad because most of us would have loved to stay in Cali if it weren't for the politics, housing market rise, or overall cost of living.
@@ArtTipswithJohnS.-ty7nr I moved to Lubbock which is VERY affordable but there are many other places you could move to and it’s still way more affordable. I only say that because West Texas isn’t everyone’s dream destination but I don’t mind it and the pro’s outweigh the con’s.
If Biden stays in power he will give California a federal grant. Same with New York. You can see these discussions happened behind closed doors. The mayors of Chicago and New York were up in arms, demanding Biden do something about the border, about the migrants, then magically they changed their tune and ignored ALLL of their constituents. Only one reason for that.
@@MVera1044 thats another avenue. Newsom trying to say electric only for new car sales after 2030 but we have issues with our electrical grid AND hes proposing a new travel tax on electric car mileage.
I moved to SoCal in 1986 to escape the bitter cold winters of MN. After settling in and planning to spend the rest of my life there, I moved out of the state in 2021. Taxes, home prices, gas prices and politics drove me out. I still miss the beautiful state, with it's golden sunshine and gorgeous beaches. What I don't miss is the traffic, the homeless, the things I mentioned above and the out-of-control immigration.
Born in Southern California lived there until 7 months ago. At the age of 51 left all I knew to move to a new state and live out in the country. I don’t miss California at all.
@@serenitygilles7064 why in the world would you guys leave california lol i left texas to cali and couldnt be happier quality of life is 50 times better despite the only 20% difference in cost because Texas is high now too.
I've called California home since 1982. Lived in LA and San Diego. I am now closing on a new construction home in AZ next week. Done with California politics. I thought there was hope when we tried to recall Gavin. Nope. Can't understand why people continue to vote for politicians that make it unlivalble here. My immediate family and most of my relatives live in California so it was not an easy decision to move.
Who and how you vote means absolutely nothing. It's amazing people think voting actually matters...it's pure illusion to keep the sheep on the plantation.
I’m a new dad, I moved from Tampa to Santa Clara a few years ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? Looks like NVDA, TSM and AMD and AVGO are strong buys this week.
well you could put a downpayment on a home and as well diversify as much as you can into Ai, energy and big pharm. stocks like Pfizer and JnJ, ASML, MLM and S&P 500 ETFs.
Certain ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I making a whooping $738k in Q4 last year.
There are many advisors to choose from. But I work with monica Mary strigle and we've been working together for years and she's fantastic. You could check her if she meets your requirements. Just research the name. You’d find necessary details to work with
Nobody votes for that stuff. If you actually look at the California voters map, there aren't even many democrats here, despite being counted as a blue state. Elections are rigged. Wetried to get rid of Newsome three different times..
I doubt that. We have this same problem in Austin. But I'm telling you, homeowners are in-general *not* voting for tax increases. No way. Rather, we have *so many renters* and so many college students - both of which *do* vote for these tax increases, because they love to see "income equality" where they are on the low end, hoping to move up.
@@Joce123Seriously. I can't justify doing that to the extreme...but we also barely have anything. Lol 😂 We could fit our "two bedroom" apartment of stuff into a studio size. I'm grateful because we've been planning to move for a long time. We just can't yet afford to risk not a good enough job and the cost to get somewhere else. Hard to afford gas for the week.....let alone to get across state lines. We have issues that make it so we can't fly, and need to keep our car. Still considering FL or TX or TN but it would be quite the trip for us with a special needs child and other disabilities.
still here somehow I made it. most of my contractor friends have left. I got into a niche market and did well.....But a year ago October everything STOPPED.......Well house is paid off have a little cash. (not enough to retire). would cost me more to leave than stay. Just doing youtube now. Not enough to survive on but growing.
That is an ignorant thing to say. Yes much of it was probably wasted and not spent or tracked the best way but what you say sounds like you are repeating what Fox News is telling you through your TV. Why stop at Newsom. Maybe blame Biden or even about him. Blame God. LOL
My friend who is a real estate agent stopped by office yesterday and told me that she’s been super busy so I don’t think California’s housing market is collapsing anytime soon. While we may have people leaving, apparently a lot of rich people are moving in.
The market in Sac is hot. Lots and lots of competition. Full price and cash is not enough for the good homes. There are definitely some big issues that need addressing. But those in the mid west who have Fox News on all day see things differently.
I agree with what you are saying! I was bored and raised in the OC. We moved to the center coast about 30 years ago. I can't wait to get out of California!!!! Love the weather, the beaches, the outdoors. I despise how the politicians have ruined this once great state!!!!
❤ Agreed. 😢 I grew up in SoCal and my eldest child is going on teen years and we love a lot about the state itself. Sadly it's become way less free for hardworking American families. Not just financially but the social politics infringing on our everyday rights. It's nonsense. We can't afford to leave yet...and I really don't want to. BUT we are so unlikely to ever afford a home of our own if we stay here not to mention all of the other issues. Seems the only idea is to get out. Most of our family already has....to TX, WA (because in the military but would choose other places..), several in TN, FL, Michigan....one might go to Montana! Even some insane liberal family I'm glad to not have around, they just chose NM LOL 😆 They chose to live in a ghetto old house in the desert because CA has become so difficult.
I was born in California, Mexicans , Guatemala, Venezia, Pablo Rico, etc...can live 35 people to a house, nowhere to park, chickens , Los Angeles is Mexico, I see this everyday..this is how they make it, twelve to a bedroom, twenty in the garage
I am in California: crime, grime, and high tax. I am saving cash to leave and buy a house somewhere clean, safe, and affordable. Nuisance is the worst governor ever.
Henderson, NV is number two overall as the safest city in the nation by Advisor Smith as of October 2021. You just have to contend with 3 brutal months of summer heat. I would also recommend Lake Las Vegas which is part of Henderson.
if you're a remote worker then you should have done this already. but if you're not, do plenty of research before making the big move because work isn't as plentiful outside california. many I know had to return because work was lacking and pay was low.
I remember a trip to Nassau, Bahamas where I saw millionaire homes on one side of the street and poverty homes without glass on the windows or lighting on the other side of the street. That's where California is heading.
It's THERE in many spots. I live in an area with multimillion dollar homes and homeless wander a block away, gangs commiserate, there are the neighborhoods not 5 min drive away that have abandoned crack dens. "Headed that way"... we've reached Newsome's new destination for CA. He just wants to keep nailing the coffin shut along with the brainwashed poorly educated Dems that keep falling for it.
@@SA-hz1rsHave you ever even been to FL? Why you hate on it so much ? Lol 🤣 Put it down Rover....like a good doggy/furry. 🦴 You make me want to get on the first bus to FL I can if you live in CA! What a nut!
@user-xx5sk2rs8gThat's public education for you. It's been an issue many places since the 60s, just finally they got it to the extreme we are at today starting in elementary schools. I told my sister in law about all of these stories coming out from retired teachers about it, especially in CA and she just said "good". She's another brainwashed cog. And not someone I'd ever want to be like. Her life is miserable so she wants to drag everyone else down with her. Sadly those are the types of people dragging CA down with Newsome.
Born and raised LA. It's what I know can't see myself living anywhere else but you nailed it on all the problems like crime, homelessness, affordability, and exodus. I'm at a stagnant point like you pointed out. Thanks for the very accurate and precise thoughts and observations.
The problem is that in order to have a "permanent roof" with amenities like electricity, gas and water, either the tenant or the owner must somehow pay insurance and property taxes. As a result, a lot of people live in tents, at least in California, where I presently dwell. Not a single mortgage, tax, rent, or insurance. It amazes me how many folks I meet who tell me they live in their cars. This place is insane!
It's becoming more and more insane by the day. Mortgage rates have been rising steadily (already over 7%). I often wonder if I should put my extra money into the stock market and wait for a housing crash, or if I should just buy a house regardless.
Such concerns also come to me. After 50, I'm retiring early. I'm already concerned about the direction the future is taking, particularly with regard to finances and making ends meet. I'm thinking about investing in the stock market for the first time as well, but how can I accomplish so considering that the market has been in disarray for much of the year?
For my part, I can relate to that. My benefits were clear when I started working with a fiduciary financial counsellor. I would always suggest seeking expert assistance in these situations so they can guide you through bumpy markets and simply provide you with indicators and tactics for knowing when to enter and exit the market.
I've read dozens of comments blaming this on the voters. To some point, I agree with that concept. BUT, what makes people think the outcome of elections aren't rigged? Afterall, one does not need to rig the votes in every precinct, all one needs to do is rig the outcome in certain, key precincts. Let's face it, either the elections aren't fair or the voters are extremely NOT all there. if you catch my drift.
Finally somebody says it. It is amazing to me that Americans can see their politicians on both sides and at all levels are completely corrupted to the core and yet they delude themselves that the system of voting in these criminals is still honest and can be trusted. They're all selected, state by state the country is being destroyed on purpose.
The voting is rigged. Hate to say it. How has these extreme liberals, mainly Newsom, able to stay in power when the state is crumbling. Makes no sense. California is a wasteland now
Do you seriously believe that the actual voting machines discounted some votes, or sent them to another person? Because that's pure conspiracy bullshit, it's been proven wrong, by both major parties You offer no proof. You give no evidence. Your claim has been investigated, and not proven. But you can't disprove a conspiracy or even a crazy idea, of the person stating it, believes it. Voting rules are far from perfect, I personally think the electoral college and gerrymandering need to be outlawed... But that doesn't mean that if you voted for Person A, and all your friends that you hang out with did, that if Person B won, then THERE'S A CONSPIRACY Maybe your guy just lost, or the people you didn't know and don't hang out with, voted just enough to beat your votes, which were counted
Was recently visiting in Sacramento area and a lady in the grocery store told me that "all the good ones are leaving", meaning people who had lived there for generations. Heartbreaking.
3 days in California, and you captured it exactly how it is. I’ve steady improved my income from 80,000 to about 155,000 in the last 7 years and still in the same situation. Renting and scraping by. Raising a family is no joke here. California is crazy! Thank you for your insight and teaching us to be educated in the market!
I’m in south OC, was considering selling my home and visited Arizona this week. It was 114 degrees out there, I’ve stop thinking about moving out of California.
We left south O.C. at the beach and went to Texas. We lasted for a year. WAY too hot! I don't think we'll EVER find the great coastal weather anywhere else. That's why everyone moves TO California - the weather can't be beat.
@@karentanner3054I live on the coast in Dana Point and have relatives in Arizona and Texas. Would never live in either of those states! Too hot and flat. I love the weather on the coast…It’s much prettier over here as well. The only thing I hate is the political atmosphere but in South OC we are mostly conservative.
The real estate agent in our small California town was a heavy hitter overall in California real estate and he told me in 2005 that everyone was leaving and moving to Texas to live like kings. A person could sell their shitty "Million dollar" home in Cali and buy a $500k home on an acre of land the size of a castle. Now everything sucks everywhere. Austin is literally the biggest real estate bubble in the country.
I left California 7 years ago to come to Texas best move for my family and knew I* would never retire in California due to politics, tax upon tax living.
Nick, you are the best data driven content on social media. You hit big items: the exodus in 1990, the income/mortgage ratio, the decline in public school enrollment. Great job!
Where did you pick to relocate to? I keep trying to find a good option for relocation and cant decide. I see people claiming they went to Texas or Idaho but they want to move back to CA. 😢
@@deldilla9307 I left CA in the early 90’s only to come back within 3 years. I learned a lot about America in those 3 years working and traveling though.
@@deldilla9307i too moved to Texas 3 years ago and was finally able to afford my first apartment at $700 a month! It blew my mind hiw much California was ripping me off and i was born and raised there so i had no clue.. i cried a lot tho, i miss my home state
@@deldilla9307 I like Texas. Alot of people that move to Idaho end up moving back to CA. No jobs. You need to have enough money to pay for an expensive house cash and then figure out how you're going to make a living. Houses there are no longer cheap. About the same prices as you typically find in Central California.
The immigrants that are coming to California are on Public Assistance & do not contribute to the Tax Base which will collapse if not Replenished… Great show thanks
Yup. It will be bad for the surrounding states because there will be even more people moving in. And it will be the dm people who caused the collapse in California.
Also people born here that just do crime and get away with it to make a living. The don't pay taxes either. Not like the rest of us struggling to make ends meet. Plus foreigners increasing property values beyond reason.
@@SA-hz1rsThey actually come in off of our beaches here in CA. I know you don't get around much ..but they are coming in from both TX and CA. Seems much more often in more ways in CA. And the ones in TX are due to TX local politicians having to fight vs our corrupt Dems in the govt
Still 1/2 price cheaper than Shanghai China, Taipei Taiwan, Tokyo Japan, Singapore city, Seoul South Korea, and even the same price as in Ho Chi Minh city (former Saigon) Vietnam with GDP per capita 4500 annually.
One of the main reasons that inventory is so low despite the incredibly high housing prices is because it is insanely expensive to build in California...
Its land locked dude. The desirable parts of CA are by the coast where the cold ocean moderates the climate. That's where the JOBS ARE too. That part of CA is land locked.
@@ericheatmiser2099nope. Tokyo has the population of CA in one metro area and more affordable homes. Only 12 zoning types in the whole country. CA regulated itself to death
Born and raised in LA. I left for Thailand 5 years ago. I have a fully furnished 2 bedroom condo on beach front property for $500 rent a month. All my friends and family back in America are miserable and in major debt. Half of their paychecks are garnished for alimony and child support payments, some are living out their cars. All of them will work untill they die
I'm from San Diego, moved to Thailand 8 years ago. I agree with you, the USA has been engineered for this collapse coming. You can see and feel the difference here in Thailand. It's very relaxing here and much less stress here in so many different ways. We are very lucky to be here and watch the USA collapse. I don't think the people there truly realize what's happening and what's about to happen....
@@OilTrading Most Americans bought into the trap of the American Dream and dont even know that moving out of America is an option. Nobody goes on vacation back home unless its to Palm Springs or Las Vegas. Maybe the real adventerous will go to Tijuana or Ensenada
Oh well Florida is having a major pullout right now! Don’t think California’s issues are as dire as you seem to think. For all those people who left California and went to Florida, Don’t come back!
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life..
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
I lived in Los Angeles from 1994 to 2016. My first one bedroom apartment was in Hollywood, with great amenities, including a rooftop pool my rent was $450 a month and no room mate . I had the time of my life in Los Angeles in the 90s. But I got out eight years ago because I started to see the writing on the wall. California had a severe downturn. The California dream is no more.
Southern California from the 50s-mid 2000s seemed like it would have been pure heaven. Now its a disfigured monster that terrifies and terrorizes the whole country. And the worst part, its began to replicate the same monstrosities in multiple other states as former Californians fled over the last 20-30 years in an attempt to get away, but also to replicate the same monster they fled from. Its like they are so devoted to whatever California has become, they had to make sure they had to have that same way of life everywhere else they went.
Crime & downright lawlessness. It's absolutely dirty, the homelessness and RV squatting, horrible gun laws that for an enthusiasts suck. Over taxation and regulation. All reasons why we left. NEVER moving back.
@@SA-hz1rs I lived in San Diego, CA for 20 years and worked as a Fed LEO. Not only is there crime high in many parts of CA but the sheer lawlessness with initiatives like Prop 47 has made the state completely untenable. So now you face not only a high tax situation but a high crime one as well not too mention the homelessness and illegal immigration issues. We moved to Palm Beach, beautiful and crime is nowhere near as bad as CA.
@@SA-hz1rs Family and friends in 8 different counties spread out across FL! only place we have crime is Blue run areas The rest, Nothing! After all we do have Laws and sheriffs that allow US to STOP! crime, they actually thank US! maybe thats why there is no crime, we have good aim!
A few things ppl should know as well about living in CA. That area and many other Nick was walking through have several ppl living in those homes. It's not just one or two adults many times. There are plenty of areas where you might see several adults or even more than one family in a house.
Nick, two things keep prices high in California. 1) California Prop 13 caps the property tax increase at 2% increase per year, no matter how much appraised value goes up. 2) Low interest rate. The housing cost average you're looking is for today's buyer. But most CA owners are locked in far below that. It's the ultimate golden handcuffs.
I recently saw an article in my local paper that the psychos in sacramento are trying to repeal prop 13. It will devastate those that bought before 2008.
@@Nick-rc2lr Completely agree. This is basically what happened in Austin. Prices went up 100% in a year or two, property taxes doubled and long time locals couldn't afford to live in their own homes. Not advocating getting rid of it. Just saying it makes California a pretty unique housing market.
Leaving Sacramento in September and I CANT WAIT!! I was born here and it makes me sad that I can’t stay. I want to stay but I’m tired of the bad roads, garbage, homeless, and the taxes. THE TAXES! And they are going up again. Not to mention SMUD (energy) and PG&E have gone up twice this year and are expected to go up a couple more times. Sorry man, I’m out. You people who love it here and think it’s fine…..enjoy. I’ll be glad when my taxes aren’t going to what this state espouses.
HELL NO! I’ve always been conservative. It’s why I can’t wait to get out. I will be moving to a like minded state that has smooth well maintained roads and does not put forth crazy nutty political BS.
Well definitely don't come to Houston TX I left Cali 2009 first to AZ then to Houston it's bad everywhere at this point my property taxes is 3.5% plus a yearly mud tax of $3500 plus low wages you are really no better off and don't get me started on the rain and floods staybout of Houston not worth it either!
@@lilbrother45California will help you move. As someone who has lived in a red state most of my life, but has traveled a lot, be careful what you wish for.
I e done years of homework. I know nowhere is perfect but I’ve lived in the most heavily taxed state in the country my entire life. I know what I’m leaving behind and I know what I’m going to. I’m tired of being surrounded by neighbors flying their Biden/Harris 2024 flags.
I was just in San Diego for a vacation, we met with a family friend that has a ton of money and has lived there for decades and he said do NOT move to California because of the politics.
All of these issues have been brewing in California for the last forty years! Leadership in Sacramento is totally unwilling to confront the ongoing crises, and cynically disinclined to remediate any of the problems! They have created a complete dystopia!
Our congress has no idea how we Americans are feeling, we individuals are fed up with this treasonous administration. I feel pity for our country. A lot of people are suffering to survive! I appreciate Gianna Everett! Imagine investing $2000 and receiving $6,500 in 4days.
Investing in many sources of income that are independent on government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Stocks, forex, and digital currencies are still good investments at this time.
I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I've been sticking to investing via an analyst
Let's face it... Buying more stocks & index funds during stock markets are scary Which makes it really hard to do for mostly people like me. I have 260k want to transfer into an s&s isa but it's hard to bite the bullet and do it.
The poeple in CA sell their home for over 1.000.000 USD and buy 2-3 homes in Nevada (Reno). One house is to live in and the others are for rent. No need to work to survive.
That might be coming back to bite them. There are signs that housing price bubble in many areas is getting close to breaking point. If housing market crashes and prices crash all those people that bought houses to rent will have trouble renting them at a cost that can pay for them. So right now they can get away with charging a rent that pays for the houses mortgage. But if average mortgage costs drop and average rent drops they will have a very hard time renting that place out at a price that will pay the mortgage. Then they will go into default on multiple properties and those properties will get taken by banks and or sold and placed into the market causing supply to go up more and prices to go down more. Well, this is one possibility at any rate.
As a Reno resident this absolutely screwed the young people living here. No one can buy a house now and this doesn’t appear to be changing anytime soon. If you didn’t buy pre-Covid then you’re SOL.
If you're unhappy in socal, move to Modesto, Stockton, Manteca, Galt, Sacramento or Yuba City. Whole different kind of California living. 3 hour drive to San Francisco or Lake Tahoe. Better roads, better neighbors, better air and weather.
Moved my family out 6 years ago after both my wife and I being born and raised in LA. Never going back. Close to a 1/4 million for a home in grimy Carson is nuts.
Move to Muncie Indiana if you want to see what grimy looks like. Or half of Michigan. Or Fabian Texas. Carson is only grimy compared to some of the surrounding areas -- call it the curse of being located near Palos Verdes.
You are definitely smoking something because all I see is more people moving in. Maybe outside of Coastal communities people are leaving, but at least in SD County coastal we can’t house everyone. The state has encouraged builders to keep building because we don’t have enough housing. Prices are high for housing due to the shortage. I feel bad for younger millennials and Z’ers. Definitely hard for them to get ahead, get a home, etc. We have a huge backyard. I plan on building an ADU so at least one of my kids can live where they grew up without struggling. Coastal Cali is the new country club of America. Great living…if you can afford it.
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
I was born and raised here. So was my husband and my children are born here. We want to leave. It’s sad. It’s so expensive and the policies and schools are so family unfriendly.
Got married in March. My wife and I are relatively high earners (~300k together) but we’re looking at it and saying…why? We’re BURNING money here every which way you look. California IS worth a premium. But a 50% premium. Not a 150% premium. We can build wealth and have a great quality of life so much more quickly and so much more enjoyably along the way elsewhere. It just isn’t worth it. We will probably leave in a year. I know multiple other Californians who have left recently, some to NV some to FL. They ALL tell me they wish they’d done it sooner.
There are beautiful new houses in Lake Las Vegas overlooking the lake for only $1M. Oh wait, my friend just told me we already have enough Californians that causes raise in housing prices, so nevermind then 😁😂🤣🥳
Spot on! You are exactly describing my life! Born and raised in LA and can't afford to buy a house! We both earn six figures and can never get out of rentership...I would love to speak to you!
Yes stay away from Florida. There’s alligators 🐊 hurricanes 🌀 , tornadoes 🌪️, Palmetto flying oversized roaches 🪳 iguanas 🦎, and even aliens 👽 in Bayside. Yikes😮, oh and you must speak Español.
Got offered a job in OC thirty years ago, and the prospect of trading cold, snowy Detroit for SoCal was powerful, let me tell you. But I ultimately said “no.” Glad I did. That company is now out of business and I couldn’t have dealt with the political michegas in any case.
I moved out of California back in 2011 because the houses were already overpriced for my $72k per year salary (I can do $100k with lots of OT). I came to San Antonio TX and got into a brand new construction for $170k in 2012 at 3.5% interest. One of the best decisions I've ever made in my life. I even live in an area where almost everything is new. Thanks for the video. But even here, now new construction for a similar house like mine (one story 1556sq ft) in my area is like $340k plus? That's just ridiculous! House pricrss are out of control.
CA is definitely bursting at the seams. I've been here and am old enough to pay attention since the 80s... meaning I'm subtracting out till about middle school where I was to young to know any better or pay attention. 100% the state is packed as F. and others have said it and it's true. Say 1000 people leave. 200 return because they like their blue, woke, state and miss it. That's a net loss of 800. Well 1500 are just coming over however they get here. They may not be on any registered, documented, anything... but they're here. They, and down & out Americans will jam 8,9,10, plus people in a 2 bedroom apt, or 3 bedroom house. I see it all around me. Stats are cool--but I know what I see.
I’m a realtor in San Diego, and we are seeing homes sell for over asking prices by 10-15%. We are being flooded with buyers from the Bay Area and Los Angeles county, as well as foreign buyers/investors (mostly Chinese) who are buying homes cash, overpaying for them just to park their money somewhere, and leaving the homes vacant.. it’s a shame as many locals (and my clients) are continually being priced out of the markets.. demand here in San Diego is INSANE!
Im a small landload with 3 multiple rental properties. Everyone of the properties was bought during recession mostly do to the lower prices. To do that you need discipline,patient and a plan you need to save during the time when properties are at an up swing and wait for housing crashes. Opportunities are coming not only housing but in the fast food restaurants. The California law thats in play is $20 employee only applies to national fastfood restaurants that have 60 places. The McDonald's that make $23 billion the Wendy's that made over $1.8.. billion. best of luck to entrepreneur in California. The state of opportunities.
The current economy is unnecessarily tougher for some most people, myself included. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market. Plus inflation is already catching up with my $310k portfolio. I’m really worried about survival after retirement.
It's best you seek help from an expert. Investing through an advisor who understands the market, however, is simpler and yields higher returns. I started working with my CFP with less than $100,000, and as of right now, I'm just $17,000 short of having half a million dollar portfolio.
Thank you for sharing, I must say, Jessica appears to be very knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call
I'm a lifelong Floridian, have always been in awe of how stunningly beautiful California is (outside of the dense metros). Such a shame. I love traveling there, especially up the coast. Could never live/work there though...
what kills me is a mortgage could be $5,000 a month but where i live in middle Tennessee its hard to find a job that pays $20 an hr. The government is forcing us into poverty. Everything up but our pay !
Yeah Try being a senior living on a fixed income. The Fed said last year that the cost of living only went up 3.2% So 3c on the dollar. So what used to cost$1.00 was now only $1.03. Is that unbelievable? So now this year they're saying that inflation has gone down and that seniors on social security retirement may only see a 2.75% COLA increase. It's terrible what they're forcing seniors to try to live on. Inflation has gone up double digits, but they play with the numbers and try to gaslight us.
@@JeffBentonMusicTalk101 The thing that politicians overlook is the critical role seniors play in their families lives. They fill in when younger family members need support with childcare,financial support,housing and emotional support. Politicians look upon seniors as a drag on society when in fact,they are the glue keeping society together. We should be receiving realistic COLA increases instead of these pittances.
Middle aged Californin here. I have lived in the state all my life and I'm just barely keeping my head afloat. I have not been able to buy a house and have pretty much given up hopes of buying one anywhere within an hour's drive to my job. A few years ago, I bought some land in a few areas to pursue the dream of building a small house or putting a manufactured house on the land. Unfortunately, housing development is insanely expensive with all the special rules, permit fees, plan checks, studies and utility hookups. I'm looking at at least $50-60k in fees before anyone does any work. One water company quoted over $240,000 just to bring water to a piece of land, about 1700 feet away from another house. If these cities spent some money on infrastructure, we'd have a lot more people willing to build and add to the housing supply.
Moved into SD 1.5 years ago. Cost is way too high and especially living costs. I’m a higher income earner and Florida is now getting my tax $’s instead. Anyone with a sense of responsible spending would do the same. Shame but don’t regret it.
![Eminem - Fuel (feat. JID) [Official Lyric Video]](http://i.ytimg.com/vi/t5H_CewqpKA/mqdefault.jpg)
It was pretty shocking meeting the locals in SoCal over the last week.
Almost universally - without prodding - most mentioned how they wanted to leave or knew people who wanted to leave. Everyone agreed that the California exodus was still occurring and would continue.
This surprised me, as I expected by now there would be a slowdown in people moving out. But not so.
Head to www.reventure.app to track migration data for your county, metro, and state. In 2023, California lost -197k people. What will it be in 2024 and beyond?
The migration data point is under "Investor Metrics" and comes with an premium plan.
Meanwhile, foreign investors from Asia keep moving in and buying up homes, which jacks up prices even more.
I am Asian myself but I still see that this is unfair to local Americans who can't afford a home because their salaries are limited to local economic levels.
How long are the listings sitting on the market?
@@AKAFringe Couple weeks in Irvine, CA - a 1,700 sq ft TOWNhouse sold for $1.5 million.
That's a skewed demographic. Talk to the Californians like myself who work 2 jobs, run businesses, not locals who are out and about.
@@michelleadams5609 You contracdicted yourself- you have 2 jobs....does that not prove that cost of living in Cali is too high that you need 2 jobs to make ends meet (if that!)?
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
Would you mind providing details on the advisor who helped you?
Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
The government of California has ruined the beautiful state of California
They sure have
...and yet they'll keep voting the same people/party this coming election expecting different result 😁😂🤣🥳
We could argue that the Federal Government has done the same to the entire country.
No entitlement ruined California thank the wonderful and diverse American dream. California promoted it, mostly the people complaining about it.
I agree
Not EVERYONE is leaving. Free-loaders and homeless are pouring in.
Who could have ever predicted it. 😂
Oh yea....and some of the people that actually are not drug users are going homeless. Cant pay the rent. flooding the streets with motor homes and vans.
truth
And illegals… I mean freeloaders
Who contribute nothing and drain the resources of the state. Up go the tax rates for anyone left working!!
I moved to California about 12 years ago for a job. I lived just north of Los Angeles in Ventura county. Absolutely gorgeous out there. I was making pretty good money with an IT job. Life was good and I had high hopes for the future. I rented with plans to save up and buy a house.
It finally dawned on me that the people who got here years earlier owned all the property, and recent transplants like me had no chance of ever owing a house. House prices increased faster than my salary did. The California dream was already sold out to the highest bidder.
Meanwhile, the politicians in Sacramento keep coming up with ways to extract more and more money out of the citizens. Higher taxes, new taxes and fees, forcing people to buy EVs while outlawing anything that burns gasoline - the costly ideas and plans just keep coming.
Even though I wasn’t able to buy a house here, I was able to buy a house in a semi-rural area in another state with a 2.5 acre wooded lot. The land itself is surrounded by forests. The mortgage payment costs less than the rent payment on the 640sq ft one bedroom apartment where I lived in Ventura county. Insanity.
Renting a moving truck to leave California is also insanely costly. A 26’ u-haul truck rental costs about $6,500, IF you can find one. Instead, for a little more money - I bought a 7’x16’ cargo trailer instead. The guy at the trailer place told me he was selling lots of trailers to people that were moving away. I can sell the trailer later and recoup some money.
The California dream is dead to anyone that wasn’t here early enough to buy housing when it was cheaper. California has to be headed into an economic crash sooner or later once enough people get priced out and move away. The middle class has no chance here.
Sacramento politicians are trying to devise ways to keep taxing people after they’ve left, arguing that they haven’t really left. I guess they need the tax revenue and will do anything to get it.
I’ll be leaving here in the fall. I’m done.
California is going to crash hard
The California Dream/way of life is something that should be feared and regarded as something to avoid like the plague. Even me, an old school 90s/early 2000s liberal rejects and tells people all the time to reject anything and everything California stands for.
To me, the California way of life is a cautionary tail of how not to live your life or to model your town, city or state after. It brings with it corruptive and harmful politics, a very unhappy and self centered world view, policies and mindsets that make everyones lives harder, disconnected and oppressive. As well as leaving tons of doors open for rampant degeneracy in just about every corner of life in anywhere its allowed to grow and take over. And now there are multiple states that once were very livable and normal, well adjusted and hard working person friendly, are now almost indistinguishable from California in much of how their governments and cities run.
Apparently you didn’t save enough, classic boomer 😂
Yep plenty of failed transplants do you think it'll be different some were else?I think not you'll see the banks own all of America ...you can't run from a system that surrounds you!
Yeah. My family gave in and left by '90. Had a good 150 year run.
Not everyone. The mania for "owning a home" is part of the problem. You don't own a home until you make the last payment, and then you can lose it to tax liens. In the meantime, you spend a lot of time and money working on your "home."
everything you buy/invest comes with risk. “owning a home” gave me more then 160k in 7 years. so tell me i did a bad decision owning??
Renting is 100% throwing your money away. Owning is a low risk however your are much more likely to both build equity by paying down your mortgage and by appreciation over time but renting is a certain zero gain for the renter because at the end of the lease you have nothing to show for it.
@@larrybremer4930 About 40% of Americans live in homes with no mortgage. I live in one of those houses. My wife bought it 40 years ago. She paid $38K and now it's $1.3 million. But that is all inflation. I doubt that we would see that much inflation if we bought at current prices.
@@tangobayus So you really think that 38,000 in 1984 is equal to 1,300,000 today? The true purchasing power of that 38k is closer to 115k today so you are up about 10x on that investment there my friend and proof that owning is superior to renting assuming you don't keep borrowing against your equity or have massive drop offs in price. Sure a stock can outperform that but a stock does nothing for you while holding it where a home you can use while it grows your net worth.
The goal is to own a home so you can actually retire lmao. You eliminate one of the biggest aspects in cost of living so your money lasts longer. If you rent your entire life you will be working until you die unless you live your entire life way below your means and put every little bit into retirement
Great video! For 2024, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
You are right! I’ve diversified my $450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
Do you mind sharing info on the adviser who assisted you?
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
The only thing that kept me in California until I was 50 was my Grandmother. When she left this world I left California.
uhhh yeah uhhm that was weird good for u..but garbage from california needs to stay there
That's a lot of people, they are staying because of family/friends. But when a place gets so bad people will leave everyone behind.
👍
Where are you at right now?
Sorry about your Grandmother. Family is the ONLY thing that matters as everything else is dust and shadows!😢
I grew up in Hawthorne (about 20 mins NW of Carson) and my parents sold their house in 97 for $199k. Today, Zillow still values the house over $1m. One thing you need to keep in mind, just cos a house appreciates 7x what was originally paid, the secret to the “California Dream” is that everyone lives off the equity and is not uncommon for ppl to refi every few years to pay for everyday life. The reason so many ppl are now leaving is because all the equity dried up and no one qualifies for a refi.
Excellent point! I never thought of that even though I own multiple properties. Thanks for sharing.
I grew up in Hawthorne too. You nailed it. I think the only thing (somewhat) holding Vegas and Phoenix prices up are the Californians who have had enough.
PS the Zillow values are bunk. If it says 1M, I bet it would sell closer to 900k right now. I am looking at several neighborhoods between say LAX and Disneyland and the Zestimates (and asking prices) are now often off by 100k. For example, you'll see 5 houses for sale, all in the mid 9's, but all the comparable ones that recently sold were in the mid 8's. I'm seeing that over and over again.
True story - it took my parents 50 years of making payments (when house almost paid off, they did cash out refi to pay off old credit) to finally own their own home in the most expensive county in the USA - San Mateo County.
@@CaptainCaveman1170 Zillow and Redfin are majority owned by Blackrock: the company that has been buying up all the houses and causing the bubble. Of course they want to see their home prices high as they exit at the peak of the bubble...
I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270,000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.
To tackle investment risks, the safest approach is to diversify across various asset classes, such as bonds, real estate, and international stocks, to minimize the impact of a market meltdown. Seeking expert guidance is essential.
Many people underestimate the value of advisers until they experience burnout. After a challenging divorce a few summers ago, I sought out a highly qualified licensed advisor. Her guidance has been invaluable in keeping my company afloat and thriving, despite inflation.
how can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success??
“Carol Vivian Constable” is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
As a resident of California all my 60 years I can share with you that if you are a renter out here there is a high probability that you will always be a renter. If you did not inherit property or come into a Boat load of money you are screwed! You will always financially struggle out here. So unless you want to keep struggling I suggest you look at better options because the cost of living out here is only going to get worse!!
Another option is to have 2 incomes of over $150k/year. They often take a master’s degree in the right field to do it: AI, robotics, biotechnology, accounting, healthcare, self-employed construction, etc.
Exactly! That is one of the main reasons we’re leaving.
If all the renters join together and refuse to pay the landlords, then there will be more houses available to buy
Get a good paying job. That helps out tremendously. That's what I did. I got a job that allows me to buy a house and live comfortably.
@@jwigley3835because you're so smart. But most people aren't
The worst part is, the people leaving are business owners and skilled workers and others with the means to leave. In other words, law-abiding taxpayers. Uh oh.
True. Thats very true.
Not everyone in Cali are non law-abiding but darn near all because you can't survive here without doing shady stuff!
Totally, tax paying people are leaving equals disastrous outcomes. Who will pay for the entitlement programs??? Etc...
@@carolynparton8842I made $125k a year when I left. I was taxed a lot, not alone SS, Medicare and benefits.
I left to a state with no income tax, saved $500 a month.
@@andyhughes1776 Florida is known for being the shadiest state. "Sunny place for shady people"
I lived in San Diego up until I was 20 years old and I felt like I had to move out of California. I love the culture, weather, geography, etc. Everyone I know and love lives in California but I just didn't see myself going anywhere or making any progress. One of the worst feelings for me was trying to become an independent adult but being stuck and stressed. I know there are a lot of young adults like me that feel the same way and it is truly sad because most of us would have loved to stay in Cali if it weren't for the politics, housing market rise, or overall cost of living.
thanks for sharing, can i ask where you moved to that is more affordable for you, Im in a similar situation?
@@ArtTipswithJohnS.-ty7nr I moved to Lubbock which is VERY affordable but there are many other places you could move to and it’s still way more affordable. I only say that because West Texas isn’t everyone’s dream destination but I don’t mind it and the pro’s outweigh the con’s.
@@ronyesek thanks for the advice!
All the people leaving are the ones paying taxes but freeloaders are still flooding in. Who is gonna have the money for those handouts?
Don't you just love a good socialist ponzi scheme of "tax the rich!"....until they move away.
I'd like to see some data on this
If Biden stays in power he will give California a federal grant. Same with New York. You can see these discussions happened behind closed doors. The mayors of Chicago and New York were up in arms, demanding Biden do something about the border, about the migrants, then magically they changed their tune and ignored ALLL of their constituents. Only one reason for that.
Higher gas prices is doing its magic
@@MVera1044 thats another avenue. Newsom trying to say electric only for new car sales after 2030 but we have issues with our electrical grid AND hes proposing a new travel tax on electric car mileage.
I moved to SoCal in 1986 to escape the bitter cold winters of MN. After settling in and planning to spend the rest of my life there, I moved out of the state in 2021. Taxes, home prices, gas prices and politics drove me out. I still miss the beautiful state, with it's golden sunshine and gorgeous beaches. What I don't miss is the traffic, the homeless, the things I mentioned above and the out-of-control immigration.
Born in Southern California lived there until 7 months ago. At the age of 51 left all I knew to move to a new state and live out in the country. I don’t miss California at all.
Miss the California I once knew. But glad I left to. Took about 2 years to relax after the stress of living in California.
@@joannlarson6386 me to it makes me sad sometimes
@@serenitygilles7064 why in the world would you guys leave california lol i left texas to cali and couldnt be happier quality of life is 50 times better despite the only 20% difference in cost because Texas is high now too.
The wealthy people are not going to have any slaves left
The wealthy are eliminating the middle class and white Europeans the entire planet will be slaves to this system !
@@dreamcatcher3748 Boomers said that and then they got old and need care-takers. Good luck with that...
los angeles already has a pizza shop with 0 employees
😂🤣😁
don't be ignorant, there are 500 million slaves south of the border , they coming here every day...u got a tv
I've called California home since 1982. Lived in LA and San Diego. I am now closing on a new construction home in AZ next week. Done with California politics. I thought there was hope when we tried to recall Gavin. Nope. Can't understand why people continue to vote for politicians that make it unlivalble here. My immediate family and most of my relatives live in California so it was not an easy decision to move.
Who and how you vote means absolutely nothing. It's amazing people think voting actually matters...it's pure illusion to keep the sheep on the plantation.
Good luck with the weather, bad air quality and crappy public ed. Not to mention election deniers
It might not be what real people are voting for, it is THE COUNT that the democrats have mastered…no matter what the votes.
"I'd rather be dead in California than alive in Arizona..."
Best of luck to you. I visited Arizona a few times a couple decades back during summer. Not for me.
I’m a new dad, I moved from Tampa to Santa Clara a few years ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? Looks like NVDA, TSM and AMD and AVGO are strong buys this week.
it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
well you could put a downpayment on a home and as well diversify as much as you can into Ai, energy and big pharm. stocks like Pfizer and JnJ, ASML, MLM and S&P 500 ETFs.
Certain ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I making a whooping $738k in Q4 last year.
I’m an art collector, this is not very new to me but has a nuance to it. Can you assist me? how do I find a fduciary
There are many advisors to choose from. But I work with monica Mary strigle and we've been working together for years and she's fantastic. You could check her if she meets your requirements. Just research the name. You’d find necessary details to work with
Home owners keep voting FOR more regulation. . .And then bitch about em while pocketing the proceeds on their way out.
How is it just home owners. They are the only ones allowed to vote?
Nobody votes for that stuff. If you actually look at the California voters map, there aren't even many democrats here, despite being counted as a blue state. Elections are rigged. Wetried to get rid of Newsome three different times..
@@rogerstone481 they're largely the people who show up to meetings and overwhelmingly choose to vote versus the younger demographic.
I doubt that. We have this same problem in Austin. But I'm telling you, homeowners are in-general *not* voting for tax increases. No way. Rather, we have *so many renters* and so many college students - both of which *do* vote for these tax increases, because they love to see "income equality" where they are on the low end, hoping to move up.
No our votes have been stolen for a long ass time. Never thought it till 2018 but that’s when I knew for sure they were being stolen
When you leave remember rental truck are 30+ days booked out.
Sell everything and don't rent a U-haul.
@@Joce123Seriously. I can't justify doing that to the extreme...but we also barely have anything. Lol 😂 We could fit our "two bedroom" apartment of stuff into a studio size. I'm grateful because we've been planning to move for a long time. We just can't yet afford to risk not a good enough job and the cost to get somewhere else. Hard to afford gas for the week.....let alone to get across state lines. We have issues that make it so we can't fly, and need to keep our car. Still considering FL or TX or TN but it would be quite the trip for us with a special needs child and other disabilities.
@@ari3lz3pp Forget FL. It's crashing and people are fleeing. Austin is about to crash as well.
Excellent business opportunity
@@ari3lz3ppdon’t go to Florida moved here 2 years ago. Home owners insurance just went up. Almost tripled.
Born in 1952, grew up there, saw the writing on the wall, got out in 1995.
What writing
Do you remember the Manson family murders?
still here somehow I made it. most of my contractor friends have left. I got into a niche market and did well.....But a year ago October everything STOPPED.......Well house is paid off have a little cash. (not enough to retire). would cost me more to leave than stay. Just doing youtube now. Not enough to survive on but growing.
Yep 59 years old and I'm being forced to leave
And Newsom misplaced 24 billion 🙄
Misplaced to his pocket and hopes to do the same to the country!
That's nothing. I lost $40 billion when I left it the pocket of my jeans when I washed and dried them. Confetti now. Oh well, it happens to all of us.
It got lost in funding for homeless housing. Contractor got rich and we get nothing of value in return.
That is an ignorant thing to say. Yes much of it was probably wasted and not spent or tracked the best way but what you say sounds like you are repeating what Fox News is telling you through your TV. Why stop at Newsom. Maybe blame Biden or even about him. Blame God. LOL
My friend who is a real estate agent stopped by office yesterday and told me that she’s been super busy so I don’t think California’s housing market is collapsing anytime soon. While we may have people leaving, apparently a lot of rich people are moving in.
Exactly… people love to claim California as a disastrous place.. the population size alone destroys all of that theory.
Absolutely right! Rich people are paying cash for homes in the nicest areas.
The market in Sac is hot. Lots and lots of competition. Full price and cash is not enough for the good homes. There are definitely some big issues that need addressing. But those in the mid west who have Fox News on all day see things differently.
@@carstuff9602 Fox is fake news
I agree with what you are saying! I was bored and raised in the OC. We moved to the center coast about 30 years ago. I can't wait to get out of California!!!! Love the weather, the beaches, the outdoors. I despise how the politicians have ruined this once great state!!!!
You've never ridden horses in Santa Ynez?
I've lived in the Monterey Bay area since the late 80's. I've ridden horses in the Moss landing area.
@@mauriciomendez1912 That's lovely! My family and tribe are up North. Beautiful area.
Bored 😂
❤ Agreed. 😢 I grew up in SoCal and my eldest child is going on teen years and we love a lot about the state itself. Sadly it's become way less free for hardworking American families. Not just financially but the social politics infringing on our everyday rights. It's nonsense. We can't afford to leave yet...and I really don't want to. BUT we are so unlikely to ever afford a home of our own if we stay here not to mention all of the other issues. Seems the only idea is to get out. Most of our family already has....to TX, WA (because in the military but would choose other places..), several in TN, FL, Michigan....one might go to Montana! Even some insane liberal family I'm glad to not have around, they just chose NM LOL 😆 They chose to live in a ghetto old house in the desert because CA has become so difficult.
At least five years ago, 53% wished they could leave the state. It must be worse now.
California governments strategy is to trap people so they literally cannot leave
But too many people are taking their place.
I hope none of them leave and stay the HELL over there!!!
@@AllenAndMarie Why? I think part of the plan is for them to spread and flip other states blue.
I was born in California, Mexicans , Guatemala, Venezia, Pablo Rico, etc...can live 35 people to a house, nowhere to park, chickens , Los Angeles is Mexico, I see this everyday..this is how they make it, twelve to a bedroom, twenty in the garage
I am in California: crime, grime, and high tax. I am saving cash to leave and buy a house somewhere clean, safe, and affordable. Nuisance is the worst governor ever.
Henderson, NV is number two overall as the safest city in the nation by Advisor Smith as of October 2021. You just have to contend with 3 brutal months of summer heat. I would also recommend Lake Las Vegas which is part of Henderson.
if you're a remote worker then you should have done this already. but if you're not, do plenty of research before making the big move because work isn't as plentiful outside california. many I know had to return because work was lacking and pay was low.
I remember a trip to Nassau, Bahamas where I saw millionaire homes on one side of the street and poverty homes without glass on the windows or lighting on the other side of the street. That's where California is heading.
thats what florida is
@user-xx5sk2rs8g America is a Capitalist Country run by billionaires.
It's THERE in many spots. I live in an area with multimillion dollar homes and homeless wander a block away, gangs commiserate, there are the neighborhoods not 5 min drive away that have abandoned crack dens. "Headed that way"... we've reached Newsome's new destination for CA. He just wants to keep nailing the coffin shut along with the brainwashed poorly educated Dems that keep falling for it.
@@SA-hz1rsHave you ever even been to FL? Why you hate on it so much ? Lol 🤣 Put it down Rover....like a good doggy/furry. 🦴 You make me want to get on the first bus to FL I can if you live in CA! What a nut!
@user-xx5sk2rs8gThat's public education for you. It's been an issue many places since the 60s, just finally they got it to the extreme we are at today starting in elementary schools.
I told my sister in law about all of these stories coming out from retired teachers about it, especially in CA and she just said "good". She's another brainwashed cog. And not someone I'd ever want to be like. Her life is miserable so she wants to drag everyone else down with her. Sadly those are the types of people dragging CA down with Newsome.
Born and raised LA. It's what I know can't see myself living anywhere else but you nailed it on all the problems like crime, homelessness, affordability, and exodus. I'm at a stagnant point like you pointed out. Thanks for the very accurate and precise thoughts and observations.
This is what 3 generations of voting Democrat will get you.
Newson is destroying California. How does he keep getting in office. Most people I know didn't vote for him.
You're Hispanic this place good for yall not us Blacks unfortunately
@@scorpioguy94Can you elaborate on your statement
@@scorpioguy94How?
The problem is that in order to have a "permanent roof" with amenities like electricity, gas and water, either the tenant or the owner must somehow pay insurance and property taxes. As a result, a lot of people live in tents, at least in California, where I presently dwell. Not a single mortgage, tax, rent, or insurance. It amazes me how many folks I meet who tell me they live in their cars. This place is insane!
It's becoming more and more insane by the day. Mortgage rates have been rising steadily (already over 7%). I often wonder if I should put my extra money into the stock market and wait for a housing crash, or if I should just buy a house regardless.
Such concerns also come to me. After 50, I'm retiring early. I'm already concerned about the direction the future is taking, particularly with regard to finances and making ends meet. I'm thinking about investing in the stock market for the first time as well, but how can I accomplish so considering that the market has been in disarray for much of the year?
For my part, I can relate to that. My benefits were clear when I started working with a fiduciary financial counsellor. I would always suggest seeking expert assistance in these situations so they can guide you through bumpy markets and simply provide you with indicators and tactics for knowing when to enter and exit the market.
That's really interesting. My portfolio is getting smaller; how can I get in touch with your asset-coach?
Her name is “TERRI ANNETTE MOORE” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I've read dozens of comments blaming this on the voters. To some point, I agree with that concept. BUT, what makes people think the outcome of elections aren't rigged? Afterall, one does not need to rig the votes in every precinct, all one needs to do is rig the outcome in certain, key precincts. Let's face it, either the elections aren't fair or the voters are extremely NOT all there. if you catch my drift.
If your vote counted, California would make voting illegal 😮 - George Carlin (modified)
i am in korea and have seen the vote rigging big time
trump won last election but rigged
the same will happen this year
civil war is approaching
Finally somebody says it. It is amazing to me that Americans can see their politicians on both sides and at all levels are completely corrupted to the core and yet they delude themselves that the system of voting in these criminals is still honest and can be trusted. They're all selected, state by state the country is being destroyed on purpose.
The voting is rigged. Hate to say it. How has these extreme liberals, mainly Newsom, able to stay in power when the state is crumbling. Makes no sense. California is a wasteland now
Do you seriously believe that the actual voting machines discounted some votes, or sent them to another person?
Because that's pure conspiracy bullshit, it's been proven wrong, by both major parties
You offer no proof. You give no evidence. Your claim has been investigated, and not proven.
But you can't disprove a conspiracy or even a crazy idea, of the person stating it, believes it.
Voting rules are far from perfect, I personally think the electoral college and gerrymandering need to be outlawed... But that doesn't mean that if you voted for Person A, and all your friends that you hang out with did, that if Person B won, then THERE'S A CONSPIRACY
Maybe your guy just lost, or the people you didn't know and don't hang out with, voted just enough to beat your votes, which were counted
Was recently visiting in Sacramento area and a lady in the grocery store told me that "all the good ones are leaving", meaning people who had lived there for generations. Heartbreaking.
So true. Same thing I. Florida too 😢
They just move to El Dorado Hills.
I think your grocery-store lady meant all the white people are leaving.
@@Sirrehpotsirch nah. That's your bias talking. You have no idea what that grocery store lady meant.
@@Sirrehpotsirch and whats wrong with that? White people are usually more law abiding & civlized than illegals, FOB immigrants & blax
3 days in California, and you captured it exactly how it is. I’ve steady improved my income from 80,000 to about 155,000 in the last 7 years and still in the same situation. Renting and scraping by. Raising a family is no joke here. California is crazy! Thank you for your insight and teaching us to be educated in the market!
I’m in south OC, was considering selling my home and visited Arizona this week. It was 114 degrees out there, I’ve stop thinking about moving out of California.
Arizona is a big state. Depends on which part you’re talking about. Northern az has good weather.
We left south O.C. at the beach and went to Texas. We lasted for a year. WAY too hot! I don't think we'll EVER find the great coastal weather anywhere else. That's why everyone moves TO California - the weather can't be beat.
@@karentanner3054 Please stay in California.
Las Vegas isn't as hot. We do however have colder winters.
@@karentanner3054I live on the coast in Dana Point and have relatives in Arizona and Texas. Would never live in either of those states! Too hot and flat. I love the weather on the coast…It’s much prettier over here as well. The only thing I hate is the political atmosphere but in South OC we are mostly conservative.
I'm getting out now. Too many weirdos with sunglasses walking down the street talking to themselves.
Good luck finding a buyer.
That's an improvement over Florida. The weirdos walk down the street talking to themselves and aren 't wearing any sunglasses
@@jeffsmith846 Those are lawyers.
Why r u talking about the dude in the video for? 😂
He's talking about the agents. But wherever I move they too will follow
The real estate agent in our small California town was a heavy hitter overall in California real estate and he told me in 2005 that everyone was leaving and moving to Texas to live like kings. A person could sell their shitty "Million dollar" home in Cali and buy a $500k home on an acre of land the size of a castle. Now everything sucks everywhere. Austin is literally the biggest real estate bubble in the country.
Always Alabama
And Florida is also bubblishous.
I left California 7 years ago to come to Texas best move for my family and knew I* would never retire in California due to politics, tax upon tax living.
Do you have daughters?
Pervert Alerts 🚩🚨@@fremontpathfinder8463
@@fremontpathfinder8463 Sounds like a real loaded question. How about you, Fremont ... ?
So you left because you couldn’t afford California, not because you love Texas lol Texas is crap. But it does have jobs.
What part of Texas did you move to? Big city to countryside?
Nick, you are the best data driven content on social media. You hit big items: the exodus in 1990, the income/mortgage ratio, the decline in public school enrollment. Great job!
What about the illegals moving in?
I don’t think so…
People leaving California? House goes for sale in SoCal, plenty of Buyers wanting to buy. Go figure.
People own multiple properties and rent them out.
Left California 3 years ago. Best decision I’ve made in my life. I do miss the variety of food though.
Where did you pick to relocate to? I keep trying to find a good option for relocation and cant decide. I see people claiming they went to Texas or Idaho but they want to move back to CA. 😢
@@deldilla9307 I left CA in the early 90’s only to come back within 3 years. I learned a lot about America in those 3 years working and traveling though.
@@deldilla9307i too moved to Texas 3 years ago and was finally able to afford my first apartment at $700 a month! It blew my mind hiw much California was ripping me off and i was born and raised there so i had no clue.. i cried a lot tho, i miss my home state
@@deldilla9307 I like Texas. Alot of people that move to Idaho end up moving back to CA. No jobs. You need to have enough money to pay for an expensive house cash and then figure out how you're going to make a living. Houses there are no longer cheap. About the same prices as you typically find in Central California.
Leaving California is the best decision I ever made. Fuck food variety, cost of living and freedom is more important than that.
Thank you for getting out there and doing the boots on the ground reporting. Be well!
Agree with you Nick. Priced out of So Cal. A townhome across from us listed at 795k,went for 890k in less than 1 week, with a 600mo in HOA. Insanity
The immigrants that are coming to California are on Public Assistance & do not contribute to the Tax Base which will collapse if not Replenished… Great show thanks
Yup. It will be bad for the surrounding states because there will be even more people moving in. And it will be the dm people who caused the collapse in California.
the immigrants are going to texas bud
Also people born here that just do crime and get away with it to make a living. The don't pay taxes either. Not like the rest of us struggling to make ends meet. Plus foreigners increasing property values beyond reason.
@@SA-hz1rsThey actually come in off of our beaches here in CA. I know you don't get around much
..but they are coming in from both TX and CA. Seems much more often in more ways in CA. And the ones in TX are due to TX local politicians having to fight vs our corrupt Dems in the govt
They're going all over the country bud
Median house price in CA. $904K.
Median in LA County $1.3M.
Still 1/2 price cheaper than Shanghai China, Taipei Taiwan, Tokyo Japan, Singapore city, Seoul South Korea, and
even the same price as in Ho Chi Minh city (former Saigon) Vietnam with GDP per capita 4500 annually.
Not to mention all the business that is leaving as well.
One of the main reasons that inventory is so low despite the incredibly high housing prices is because it is insanely expensive to build in California...
Its land locked dude. The desirable parts of CA are by the coast where the cold ocean moderates the climate. That's where the JOBS ARE too. That part of CA is land locked.
@@ericheatmiser2099nope. Tokyo has the population of CA in one metro area and more affordable homes. Only 12 zoning types in the whole country. CA regulated itself to death
If one can even get a permit. There is a lot of protected land that cannot be built.
No much building in California at all
It's expensive to build because of government regulations
Born and raised in LA. I left for Thailand 5 years ago. I have a fully furnished 2 bedroom condo on beach front property for $500 rent a month. All my friends and family back in America are miserable and in major debt. Half of their paychecks are garnished for alimony and child support payments, some are living out their cars. All of them will work untill they die
I'm from San Diego, moved to Thailand 8 years ago. I agree with you, the USA has been engineered for this collapse coming. You can see and feel the difference here in Thailand. It's very relaxing here and much less stress here in so many different ways. We are very lucky to be here and watch the USA collapse. I don't think the people there truly realize what's happening and what's about to happen....
@@OilTrading Most Americans bought into the trap of the American Dream and dont even know that moving out of America is an option. Nobody goes on vacation back home unless its to Palm Springs or Las Vegas. Maybe the real adventerous will go to Tijuana or Ensenada
@@boston312 Yes very true 🙂
@@OilTrading What's happening. If you live in Newport Beach, Laguna, affluent area like Palm Beach, you live in a bubble.
And moving to Thailand gets you out of paying for your court-ordered alimony and child support payments, too! Good job screwing your children over!
Oh well Florida is having a major pullout right now! Don’t think California’s issues are as dire as you seem to think. For all those people who left California and went to Florida, Don’t come back!
Californian here, in the next 12 months, moving, it's unsustainable.
California here -- next 3 months I''m moving !!! it's INSANE & way more dangerous
California Here, thank God these people are moving 😅
Tennessee is FULL.
Where you moving?
Me to 12 - 18months my whole family is selling and leaving for greener pastures
I’m in South OC and I’m paying $5500 per month for an average home. And my business is slowing down. I’m nervous.
That's scary. You should sell it. Market still hot. But man $5500 a month way to much money.
That’s rent for a 4 bedroom house in an average neighborhood. Buying would be $10k plus for the same house mortgage.
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life..
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
imagine investing in Btcoin earlier.... You could have been a multi millionaire precently
@@aaronferrell3129 You are right. Been thinking of going into gold and cyptocurrency
Assets that can make you rich
*FX
*Btcoin
*Stocks
*Gold
*Real estate
You’re right but a lot of people remain poor due to ignorance
I lived in Los Angeles from 1994 to 2016. My first one bedroom apartment was in Hollywood, with great amenities, including a rooftop pool my rent was $450 a month and no room mate . I had the time of my life in Los Angeles in the 90s. But I got out eight years ago because I started to see the writing on the wall. California had a severe downturn. The California dream is no more.
Southern California from the 50s-mid 2000s seemed like it would have been pure heaven. Now its a disfigured monster that terrifies and terrorizes the whole country. And the worst part, its began to replicate the same monstrosities in multiple other states as former Californians fled over the last 20-30 years in an attempt to get away, but also to replicate the same monster they fled from.
Its like they are so devoted to whatever California has become, they had to make sure they had to have that same way of life everywhere else they went.
Where are you at right now?
@@joshuakhaos4451 Absolutely.
Crime & downright lawlessness. It's absolutely dirty, the homelessness and RV squatting, horrible gun laws that for an enthusiasts suck. Over taxation and regulation. All reasons why we left. NEVER moving back.
what crime state did you move to?
@@SA-hz1rs well at least he moved out of the High crime state of CA
@@marsmars9130 you might wanna check red state crime rates
@@SA-hz1rs I lived in San Diego, CA for 20 years and worked as a Fed LEO. Not only is there crime high in many parts of CA but the sheer lawlessness with initiatives like Prop 47 has made the state completely untenable. So now you face not only a high tax situation but a high crime one as well not too mention the homelessness and illegal immigration issues. We moved to Palm Beach, beautiful and crime is nowhere near as bad as CA.
@@SA-hz1rs Family and friends in 8 different counties spread out across FL! only place we have crime is Blue run areas The rest, Nothing! After all we do have Laws and sheriffs that allow US to STOP! crime, they actually thank US! maybe thats why there is no crime, we have good aim!
Also, the giant conglomerate companies buying residential real estate is causing market imbalance. 🤔🤷♂️
A few things ppl should know as well about living in CA. That area and many other Nick was walking through have several ppl living in those homes. It's not just one or two adults many times. There are plenty of areas where you might see several adults or even more than one family in a house.
True, look at the number of trash cans out for one house and the cars parked on the street.
Depends on the home. I live in my own home, alone.
@@metta8 Sounds lonesome.
Most the homes have 4+ people.
Nick, two things keep prices high in California. 1) California Prop 13 caps the property tax increase at 2% increase per year, no matter how much appraised value goes up. 2) Low interest rate. The housing cost average you're looking is for today's buyer. But most CA owners are locked in far below that. It's the ultimate golden handcuffs.
I recently saw an article in my local paper that the psychos in sacramento are trying to repeal prop 13. It will devastate those that bought before 2008.
Repealing Prop 13 would absolutely destroy the economy in CA. It would force everyone out and no one would be able to live in their homes.
@@Nick-rc2lr Completely agree. This is basically what happened in Austin. Prices went up 100% in a year or two, property taxes doubled and long time locals couldn't afford to live in their own homes. Not advocating getting rid of it. Just saying it makes California a pretty unique housing market.
Hey Nick, it was cool to see you in my backyard man haha. I'm very glad you made it out to CA to see this.
Leaving Sacramento in September and I CANT WAIT!!
I was born here and it makes me sad that I can’t stay. I want to stay but I’m tired of the bad roads, garbage, homeless, and the taxes. THE TAXES! And they are going up again. Not to mention SMUD (energy) and PG&E have gone up twice this year and are expected to go up a couple more times. Sorry man, I’m out. You people who love it here and think it’s fine…..enjoy. I’ll be glad when my taxes aren’t going to what this state espouses.
Voting Democrat?
HELL NO!
I’ve always been conservative. It’s why I can’t wait to get out. I will be moving to a like minded state that has smooth well maintained roads and does not put forth crazy nutty political BS.
Well definitely don't come to Houston TX I left Cali 2009 first to AZ then to Houston it's bad everywhere at this point my property taxes is 3.5% plus a yearly mud tax of $3500 plus low wages you are really no better off and don't get me started on the rain and floods staybout of Houston not worth it either!
@@lilbrother45California will help you move. As someone who has lived in a red state most of my life, but has traveled a lot, be careful what you wish for.
I e done years of homework. I know nowhere is perfect but I’ve lived in the most heavily taxed state in the country my entire life. I know what I’m leaving behind and I know what I’m going to. I’m tired of being surrounded by neighbors flying their Biden/Harris 2024 flags.
I was just in San Diego for a vacation, we met with a family friend that has a ton of money and has lived there for decades and he said do NOT move to California because of the politics.
Yes Libs and Newsom have destroyed it.
😂😂😂😂
Sorry I meant don’t move to California because the politics are wild here, your friend is right.
Yeah it seems like politics is the central reason why most people leave/don't come. Plus high prices.
@@carollynt - he’s not MAGA lol. What is wrong with you?
I don’t know where you’re living, but I’m happy here. Been here all my life thanks to prop 13.😊
All of these issues have been brewing in California for the last forty years! Leadership in Sacramento is totally unwilling to confront the ongoing crises, and cynically disinclined to remediate any of the problems! They have created a complete dystopia!
Our congress has no idea how we Americans are feeling, we individuals are fed up with this treasonous administration. I feel pity for our country. A lot of people are suffering to survive! I appreciate Gianna Everett! Imagine investing $2000 and receiving $6,500 in 4days.
Investing in many sources of income that are independent on government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Stocks, forex, and digital currencies are still good investments at this time.
I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I've been sticking to investing via an analyst
Let's face it... Buying more stocks & index funds during stock markets are scary Which makes it really hard to do for mostly people like me. I have 260k want to transfer into an s&s isa but it's hard to bite the bullet and do it.
Could you please share the contact information. of your financial manager/advisor for further information?
But I'm reading this "The population [of CA] rose by 67,000 people or 0.17 percent in 2023 to a total of 39,128,162, the highest of any U.S. state."
The poeple in CA sell their home for over 1.000.000 USD and buy 2-3 homes in Nevada (Reno). One house is to live in and the others are for rent. No need to work to survive.
And that's why it should be illegal. No sane society turns having a roof over your head into a market.
Correct, the make $1 million in California, then leave and say California sucks, lol. Don’t expect to make a million in a red state!
That might be coming back to bite them. There are signs that housing price bubble in many areas is getting close to breaking point. If housing market crashes and prices crash all those people that bought houses to rent will have trouble renting them at a cost that can pay for them. So right now they can get away with charging a rent that pays for the houses mortgage.
But if average mortgage costs drop and average rent drops they will have a very hard time renting that place out at a price that will pay the mortgage. Then they will go into default on multiple properties and those properties will get taken by banks and or sold and placed into the market causing supply to go up more and prices to go down more.
Well, this is one possibility at any rate.
As a Reno resident this absolutely screwed the young people living here. No one can buy a house now and this doesn’t appear to be changing anytime soon. If you didn’t buy pre-Covid then you’re SOL.
That’s my plan ahead ❤
Gavin thanks bro!!
If you're unhappy in socal, move to Modesto, Stockton, Manteca, Galt, Sacramento or Yuba City. Whole different kind of California living. 3 hour drive to San Francisco or Lake Tahoe. Better roads, better neighbors, better air and weather.
Moved my family out 6 years ago after both my wife and I being born and raised in LA. Never going back.
Close to a 1/4 million for a home in grimy Carson is nuts.
Just wait til you see what homes in Torrance are going for...not Torrance-Harbor Gateway....ACTUAL Torrance proper.
Move to Muncie Indiana if you want to see what grimy looks like. Or half of Michigan. Or Fabian Texas. Carson is only grimy compared to some of the surrounding areas -- call it the curse of being located near Palos Verdes.
@@marcmcreynolds2827 simping for Carson is pathetic.
@@RUclipssucks15 Just calling them like I see them, same as you. Besides, pathetic suits me.
250k for a home ANYWHERE in the US is a bargain right now ...the average home price in the US is over 400k.
Buses of people also coming into California from south of the border. Home prices and rent “higher for longer”
You are definitely smoking something because all I see is more people moving in. Maybe outside of Coastal communities people are leaving, but at least in SD County coastal we can’t house everyone. The state has encouraged builders to keep building because we don’t have enough housing. Prices are high for housing due to the shortage. I feel bad for younger millennials and Z’ers. Definitely hard for them to get ahead, get a home, etc. We have a huge backyard. I plan on building an ADU so at least one of my kids can live where they grew up without struggling. Coastal Cali is the new country club of America. Great living…if you can afford it.
white privilege is Alive and well, look at the guy in the video, black or Mexican ain't making videos like these 😂😂💀🤡
Jobs and corporations are leaving as well. That's what really drives people away.
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
Beware scam
@Daniel-ss7ri bot alert
I was born and raised here. So was my husband and my children are born here. We want to leave. It’s sad. It’s so expensive and the policies and schools are so family unfriendly.
Now CA is gonna tax miles driven because too many are using electric cars so the state is losing gasoline taxes.
12:00 you call it “replenishing” the population; I call it “replacing”
Got married in March. My wife and I are relatively high earners (~300k together) but we’re looking at it and saying…why? We’re BURNING money here every which way you look. California IS worth a premium. But a 50% premium. Not a 150% premium. We can build wealth and have a great quality of life so much more quickly and so much more enjoyably along the way elsewhere. It just isn’t worth it. We will probably leave in a year.
I know multiple other Californians who have left recently, some to NV some to FL. They ALL tell me they wish they’d done it sooner.
FL. 😂😂😂
There are beautiful new houses in Lake Las Vegas overlooking the lake for only $1M. Oh wait, my friend just told me we already have enough Californians that causes raise in housing prices, so nevermind then 😁😂🤣🥳
Humble brag
Spot on! You are exactly describing my life! Born and raised in LA and can't afford to buy a house! We both earn six figures and can never get out of rentership...I would love to speak to you!
Yes stay away from Florida. There’s alligators 🐊 hurricanes 🌀 , tornadoes 🌪️, Palmetto flying oversized roaches 🪳 iguanas 🦎, and even aliens 👽 in Bayside. Yikes😮, oh and you must speak Español.
Got offered a job in OC thirty years ago, and the prospect of trading cold, snowy Detroit for SoCal was powerful, let me tell you.
But I ultimately said “no.” Glad I did. That company is now out of business and I couldn’t have dealt with the political michegas in any case.
I moved out of California back in 2011 because the houses were already overpriced for my $72k per year salary (I can do $100k with lots of OT). I came to San Antonio TX and got into a brand new construction for $170k in 2012 at 3.5% interest. One of the best decisions I've ever made in my life. I even live in an area where almost everything is new. Thanks for the video. But even here, now new construction for a similar house like mine (one story 1556sq ft) in my area is like $340k plus? That's just ridiculous! House pricrss are out of control.
In 2008 I left California car tags in Cali were 473.00 in Texas only 65.00.
JFC I wouldn't submit myself and my family to Texas to save a few hundred on a freaking license plate. Enjoy. Don't come back
How is your home insurance and property taxes going?
Appreciate your perspective.
I’m lucky to have been raised in Cali and will be inheriting my parents’ house. I’m lucky because I realized I actually love it here.
I wish this video was true. I've lived in California for 42 years and it has never been more crowded than it is now.
People leaving are 'on the books' and people showing up are... showing up probably at a higher number. At least when I look around--that's what I see.
Los Angeles' population is lower today than it was in 2006.
Video is true.
CA is definitely bursting at the seams. I've been here and am old enough to pay attention since the 80s... meaning I'm subtracting out till about middle school where I was to young to know any better or pay attention.
100% the state is packed as F. and others have said it and it's true. Say 1000 people leave. 200 return because they like their blue, woke, state and miss it. That's a net loss of 800. Well 1500 are just coming over however they get here. They may not be on any registered, documented, anything... but they're here. They, and down & out Americans will jam 8,9,10, plus people in a 2 bedroom apt, or 3 bedroom house. I see it all around me. Stats are cool--but I know what I see.
PMI doesn’t matter when foreigners are plunking down all cash
Facts
I’m a realtor in San Diego, and we are seeing homes sell for over asking prices by 10-15%. We are being flooded with buyers from the Bay Area and Los Angeles county, as well as foreign buyers/investors (mostly Chinese) who are buying homes cash, overpaying for them just to park their money somewhere, and leaving the homes vacant.. it’s a shame as many locals (and my clients) are continually being priced out of the markets.. demand here in San Diego is INSANE!
Im a small landload with 3 multiple rental properties. Everyone of the properties was bought during recession mostly do to the lower prices. To do that you need discipline,patient and a plan you need to save during the time when properties are at an up swing and wait for housing crashes. Opportunities are coming not only housing but in the fast food restaurants. The California law thats in play is $20 employee only applies to national fastfood restaurants that have 60 places. The McDonald's that make $23 billion the Wendy's that made over $1.8.. billion. best of luck to entrepreneur in California. The state of opportunities.
Yes
The state of opportunities for street takeovers,looting,homelessness and drugs.
@ebayerr you have the same crime in your state, but you're uglyer and poorer.
Nick, go to Porto's bakery and restaurant 5 locations around LA......LIFE CHANGING
The current economy is unnecessarily tougher for some most people, myself included. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market. Plus inflation is already catching up with my $310k portfolio. I’m really worried about survival after retirement.
The government has let us down; just buy gold.
It's best you seek help from an expert. Investing through an advisor who understands the market, however, is simpler and yields higher returns. I started working with my CFP with less than $100,000, and as of right now, I'm just $17,000 short of having half a million dollar portfolio.
Mind if I ask you to recommend this particular coach you using their service?
Jessica Lee Horst is the licensed CFP I use. Just research the name. You’d find necessary details to work with to set up an appointment
Thank you for sharing, I must say, Jessica appears to be very knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call
I’m leaving San Diego soon. It’s getting insane..
I'm a lifelong Floridian, have always been in awe of how stunningly beautiful California is (outside of the dense metros). Such a shame. I love traveling there, especially up the coast. Could never live/work there though...
oh. florida sucks
@@SA-hz1rs To people who fear gators
@@chuckh4077 what??? Florida has tons of crime and all kinds of problems. get real. gators lol. Yea, thats the only concern. hilarous
what kills me is a mortgage could be $5,000 a month but where i live in middle Tennessee its hard to find a job that pays $20 an hr. The government is forcing us into poverty. Everything up but our pay !
Is the state of Georgia any better living or pay wise? Do the 2 States align? or is the lifestyle between Tn. and Ga. completely different?
Stop eating and watching Netflix/RUclips and start working
Yeah
Try being a senior living on a fixed income.
The Fed said last year that the cost of living only went up 3.2% So 3c on the dollar. So what used to cost$1.00 was now only $1.03. Is that unbelievable?
So now this year they're saying that inflation has gone down and that seniors on social security retirement may only see a 2.75% COLA increase.
It's terrible what they're forcing seniors to try to live on.
Inflation has gone up double digits, but they play with the numbers and try to gaslight us.
@@ebayerrmy mom is a senior she is feeling the pain too!
@@JeffBentonMusicTalk101 The thing that politicians overlook is the critical role seniors play in their families lives.
They fill in when younger family members need support with childcare,financial support,housing and emotional support.
Politicians look upon seniors as a drag on society when in fact,they are the glue keeping society together.
We should be receiving realistic COLA increases instead of these pittances.
Great video. Thanks!
America as a whole is collapsing and it’s a shame people don’t understand that.
Exactly. I believe the federal politicians along with corporations have screwed Americans over.
Thanks for the information Nick.
We had to leave last year. How are people with houses going to sell them when no one can afford them? It looks like they're stuck.
Corporations and foreign buyers.
“Everyone “ is leaving ?
That’s not true. Look around.
When I visited southern Cal I also spoke to all kinds of people who said they were leaving soon .
Middle aged Californin here. I have lived in the state all my life and I'm just barely keeping my head afloat. I have not been able to buy a house and have pretty much given up hopes of buying one anywhere within an hour's drive to my job. A few years ago, I bought some land in a few areas to pursue the dream of building a small house or putting a manufactured house on the land. Unfortunately, housing development is insanely expensive with all the special rules, permit fees, plan checks, studies and utility hookups. I'm looking at at least $50-60k in fees before anyone does any work. One water company quoted over $240,000 just to bring water to a piece of land, about 1700 feet away from another house. If these cities spent some money on infrastructure, we'd have a lot more people willing to build and add to the housing supply.
So true. Building an ADU in my neighborhood still costs half a million after all the permits, fees, inspections...
Bruh broke people trying to build can’t make this up…
In LA?
For everyone leaving California there’s many more that want to and are going to California
Moved into SD 1.5 years ago. Cost is way too high and especially living costs. I’m a higher income earner and Florida is now getting my tax $’s instead. Anyone with a sense of responsible spending would do the same. Shame but don’t regret it.