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Author: Subject: The California exodus continues as residents head south of the border
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[*] posted on 6-11-2022 at 09:20 AM
The California exodus continues as residents head south of the border


JUN 11 2022
by Dymond Green
@DYMONDGG_

Why Californians are fleeing to Mexico

More than 360,000 people left California in 2021, in what some are calling “The California Exodus” — many leaving for states like Texas, Arizona and Washington.

And a rising number of former Californians are migrating out of the country altogether and are instead heading south of the border. Many are seeking a more relaxed and affordable lifestyle in Mexico.

California continuously ranks high as one of the country’s most expensive states to live in. The median asking price for a home in California is about $797,470 — only 25% of the state’s households could afford that in the fourth quarter of 2021.

California’s population growth has been declining for more than 30 years now. But thanks to the rise in remote work due to the Covid-19 pandemic, those trends have accelerated. The ability to work anywhere has 62% of Americans considering moving to a new country.

However, there are some setbacks. Many critics argue that Americans are driving up the cost of housing for locals and pricing them out of the market.

Watch the video to learn more about the impact of this migration trend.



https://www.cnbc.com/2022/06/11/californians-working-from-ho...





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TMW
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[*] posted on 6-12-2022 at 05:31 PM


It's not only working people but businesses don't want to come to CA. I know two people personally that own businesses in TX and FL and when I asked them if they would open or buy in CA they said no. CA is not business friendly.
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[*] posted on 6-12-2022 at 06:36 PM


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Gosh! I can’t imagine why people are leaving (Not!)!
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[*] posted on 6-12-2022 at 06:38 PM


Leaving the US is very trendy, not only in CA. Q.: Do you know the best view of Texas??? ..... A.: In your rear mirror! Florida?? Oh Yea, that´s the state where most people carry their nasty dogs on their arms as the dogs should not walk! The northern States of the US are still o.k. Some people imigrate to Russia nowerdays. The land where people can invest and live free.
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[*] posted on 6-12-2022 at 07:02 PM


It''s not just Californians fleeing. A very large number of Canadians I talk to are considering seriously moving into another country as well, mainly Mexico. The rush to purchase property is already evident, and the willingness to relocate permanently also growing.
The past two years have been eye-openers.




A century later and it's still just as applicable: Desiderata: http://mwkworks.com/desiderata.html
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[*] posted on 6-12-2022 at 07:04 PM


I dream of the day I can say adios to this country and move to california, unfortunately im still six lottery numbers away:(



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[*] posted on 6-12-2022 at 07:08 PM


Made offers on 3 properties in Loreto last Spring. We were 3 months late entering the market. Ended up buying another place in Colorado.

Still very cheap in Baja though. We will buy something in the next 12 months.

Brandon has F'd the US economy all to hell.


[Edited on 6-13-2022 by JZ]




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[*] posted on 6-12-2022 at 07:21 PM


You have to wonder what the effect on the average Mexican all this migration by people who earn considerably more or have far more purchasing power is. Surely all the extra real estate demand must have some inflationary effect as it did in Vancouver over the past couple decades when all the Asian investments were occurring?
The governments keep adding or boosting foreign investment taxes in a futile effort to squash demand.




A century later and it's still just as applicable: Desiderata: http://mwkworks.com/desiderata.html
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[*] posted on 6-12-2022 at 07:28 PM


Quote: Originally posted by JDCanuck  
You have to wonder what the effect on the average Mexican all this migration by people who earn considerably more or have far more purchasing power is. Surely all the extra real estate demand must have some inflationary effect as it did in Vancouver over the past couple decades when all the Asian investments were occurring?
The governments keep adding or boosting foreign investment taxes in a futile effort to squash demand.


I had a girl who worked for me and lived outside Vancouver. This was about 2013. She use to talk about the Chinese flying helicopters over her neighborhood all the time searching for places to buy.





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[*] posted on 6-12-2022 at 07:57 PM


Even Anchorage is starting to look pretty good compared to urban California areas. The added cost of shipping goods to AK is offset by lower taxes, energy, and housing.



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[*] posted on 6-12-2022 at 08:05 PM


I kinda prefer the remoteness of Baja myself, despite the snakes, scorpions and black widows. Being chased by a cloud of black flies or mosquitoes is no fun at all.



A century later and it's still just as applicable: Desiderata: http://mwkworks.com/desiderata.html
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[*] posted on 6-12-2022 at 08:59 PM


I have lived in CA, NW, NE, and midwest.
CA is still my fave place. WA is 2nd. Texas, FLA and san felipe are still bottom of the bottom of the list.
May be a bit more expensive in cali, but the pay is higher here too. All balances out.

I have found that cheaper places to live are usually not as desireable as more expensive places…


I dont have to shovel snow. The weather is warm in winter, moderate in summer. I have almost no elec or natural gas costs here in cali. I live 15 min from great ocean. I live in a big city with big city attractions. Whats no to like?

Yes it cost more than lake havasu az.

Have you ever been to lake havasu? No thanks!





[Edited on 6-13-2022 by mtgoat666]




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[*] posted on 6-12-2022 at 09:50 PM


Quote: Originally posted by JC43  
Leaving the US is very trendy, not only in CA. Q.: Do you know the best view of Texas??? ..... A.: In your rear mirror! Florida?? Oh Yea, that´s the state where most people carry their nasty dogs on their arms as the dogs should not walk! The northern States of the US are still o.k. Some people imigrate to Russia nowerdays. The land where people can invest and live free.


Russia !!!! You need to get back on your meds.
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[*] posted on 6-12-2022 at 10:06 PM


Quote: Originally posted by mtgoat666  
I have lived in CA, NW, NE, and midwest.
CA is still my fave place. WA is 2nd. Texas, FLA and san felipe are still bottom of the bottom of the list.
May be a bit more expensive in cali, but the pay is higher here too. All balances out.

I dont have to shovel snow. The weather is warm in winter, moderate in summer. I have almost no elec or natural gas costs here in cali. I live 15 min from great ocean. I live in a big city with big city attractions. Whats no to like?

Yes it cost more than lake havasu az.

Have you ever been to lake havasu? No thanks!

[Edited on 6-13-2022 by mtgoat666]


Nobody is questioning the attractions of CA. The climate is great. It has the ocean, mountains and deserts all great. But who can afford it. That's why people are leaving. Businesses are taxed to the hilt that's why they are leaving and/or won't come here. The environmentalist have taken over the Dem party and are forcing the shut down of the oil industry. Do you know how many people depend on working for the oil companies to live?
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[*] posted on 6-12-2022 at 10:16 PM


We saw that program on TV, shocking how many are leaving but in San Diego, you cannot rent a studio for less than $1500+ and its only 450 sq feet of space. Prices for groceries, over the top expensive. I am very glad I don't have little kids and live there.

We moved to Turkiye this year after 16 years in BCS, as most of you are aware. So many ex-pats are moving here and buying that the gvt has decided to limit the # of foreigners in any given area to 25%. No more resident permits will be given over that percentage.

Very few American and thousands of Brits, as well as Scandinavians with the latest influx being Russians and Ukranians. We are in the smallish city of Alanya and there are 10,000 ex-pats in our social media group. What a change from La Bocana where we were total foreigners and nowadays number around 15.





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[*] posted on 6-13-2022 at 05:42 AM


Quote: Originally posted by TMW  

Nobody is questioning the attractions of CA. The climate is great. It has the ocean, mountains and deserts all great. But who can afford it. That's why people are leaving. Businesses are taxed to the hilt that's why they are leaving and/or won't come here.


Here are the 10 states with the highest corporate tax rate:

Iowa (12.00%)
New Jersey (10.05%)
Pennsylvania (9.99%)
Minnesota (9.80%)
Illinois (9.50%)
Alaska (9.40%)
Maine (8.93%)
California (8.84%)
Delaware (8.70%)
Vermont (8.50%)

the average is 6%

https://worldpopulationreview.com/state-rankings/corporate-t...

My biggest problem with CA is the population. IMHO it's too crowded.

However, moving to Mexico from CA is a major move in many ways. I bet a large percentage move back within a year or two.


[Edited on 6-13-2022 by SFandH]




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[*] posted on 6-13-2022 at 06:42 AM


I was unaware of the Alaska corporate tax rate. There is no state sales tax, or personal income tax.



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[*] posted on 6-13-2022 at 06:53 AM


I think this is a rating of personal income tax rates, California the highest. Alaska rate of 0%.

https://worldpopulationreview.com/state-rankings/highest-tax...

Isn't Alaska state government almost 100% dependent on revenue from the extraction (drilling, mining, forest products, commercial fishing) industries? Without that, I would imagine taxes would be structured differently. And, the population of Alaska is miniscule compared with California. Without generous government subsidies, it would likely be prohibitively expensive to live in Alaska.

John


[Edited on 6-13-2022 by John Harper]
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[*] posted on 6-13-2022 at 07:10 AM


Unfortunately, I've never been income taxed at the highest rate. That would be a nice problem to have.



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[*] posted on 6-13-2022 at 07:54 AM


Quote: Originally posted by John Harper  
I think this is a rating of personal income tax rates, California the highest. Alaska rate of 0%.

https://worldpopulationreview.com/state-rankings/highest-tax...

Isn't Alaska state government almost 100% dependent on revenue from the extraction (drilling, mining, forest products, commercial fishing) industries? Without that, I would imagine taxes would be structured differently. And, the population of Alaska is miniscule compared with California. Without generous government subsidies, it would likely be prohibitively expensive to live in Alaska.

John


[Edited on 6-13-2022 by John Harper]


Alaska: cold in winter, buggy in summer, rains a lot in SE, etc.
I have observed that Alaskans are always fleeing to hawaii for vacation, and fleeing to seattle (and rest of lower 48) for all manner of things unavailable in Alaska…

Socialism is alive and well in Alaska. They consume much more in federal funds than they pay in taxes, and the state owns massive amounts of land so instead of taxing citizens they pay everyone for doing nothing :lol::lol::lol: nirvana. We should send California homeless to Alaska!
:lol::lol::lol::lol::lol:



Democratic-voting blue states tend to be wealthier and pay more to the federal government than they get. In contrast, Republican-voting red states tend to have less wealth and receive more federal government funds than they pay.
https://www.moneygeek.com/living/states-most-reliant-federal...
Why are red states such moochers?


[Edited on 6-13-2022 by mtgoat666]




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