Californians fed up with housing costs and taxes are fleeing state in big numbers

Californians may still love the beautiful weather and beaches, but more and more they are fed up with the high housing costs and taxes and deciding to flee to lower-cost states such as NevadaArizona and Texas.

“There’s nowhere in the United States that you can find better weather than here,” said Dave Senser, who lives on a fixed income near San Luis Obispo, California, and now plans to move to Las Vegas. “Rents here are crazy, if you can find a place, and they’re going to tax us to death. That’s what it feels like. At least in Nevada they don’t have a state income tax. And every little bit helps.”

Senser, 65, who previously lived in the east San Francisco Bay region, said housing costs and gas prices are “significantly lower in Las Vegas. The government in the state of California isn’t helping people like myself. That’s why people are running out of this state now.”

Based on the U.S. Census Bureau’s American Community Survey data, “lower income Californians are the ones who are leaving, not higher income,” said Christopher Thornberg, founding partner of research and consulting firm Beacon Economics in Los Angeles. …

Click here to read the full article from CNBC

Comments

  1. The Randy Guy says

    If we were to sell just our home in San Jose today, we’d leave with one million dollars in profit. As the costs continue to rise, so will our profit. We’re out in 3 years to my home state of Tennessee.

    • CaliExpat says

      Don’t wait too long…
      You want to cash out before the next big seismic event that will likely reset property values like it did after Loma Prieta and Northridge…
      Been around long enough to see it happen…you’re overdue…
      Take the money & run whIle you can…

    • Horace Hogsnort says

      That’s cool, just stay away from the western part of the state, Memphis in particular. The crime rate there is horrendous.

  2. CaliExpat says

    Yup…
    Democratic overreach will someday hit a tipping point & the scales will fall from CA voters eyes…
    Hopefully it’s soon, because those a-holes have run my home state into the ground…
    Sad…

  3. Horace Hogsnort says

    All those people, like myself, who live on SS and pensions are not taking up jobs and they spend almost all of their income in the state. When they all bail for the border the CA tax base will feel it significantly.

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