Is anyone moving ?
mark94
Arizona
Sunday, August 16, 2020 6:11 PM
There are a lot of stories about a mass exodus of people fleeing specific urban areas ( SF, LA, Portland, Seattle, Chicago, New York ) and going to less congested areas, whether the suburbs, the sun belt, or more rural areas.
Is anyone here giving that some thought ?
Is anyone here giving that some thought ?
Got something to say?
Start your own discussion
37 comments
https://www.marketwatch.com/story/new-yo…
I often daydream about retiring at 62 and living abroad mainly in Latin America or the Caribbean (e.g. Colombia, D.R., etc) mainly for the C.O.L. and given I'm fully-fluent in Spanish -but IDK how it would be living in those places (haven't even visited) - I also daydream a bit about living in various countries for a time (e.g. 6 months or so) and getting to get a feel for different places and where I might wanna settle-down/retire in - in the end I might just end up retiring in America but if the hard-left was in power at that time I may just not wanna deal w/ that and may prefer to live abroad.
As far as Spain, they could be facing a civil war in the near future.
I’d suggest renting rather than buying overseas.
Everyone is moving to New Jersey with its enlightened outlook on government and private enterprise. Practically utopia.
Want to see California collapse ? Watch what happens when the 30,000 wealthiest people in California move their businesses to Dallas, Austin, and Houston.
Try Florida or Texas. We don't get riots with people trying to trash businesses here because they know better. Here in FL pulling a stunt like that can get you shot.
Texas is great (born there, lived there most of my life) but the weather is just disgusting...hard to want to go back to that.
It's harder and harder to accept paying 600k+ to buy a nice place in the city and KNOW they are going to keep raising property taxes etc in the future. I could take that 600k and likely work remote elsewhere.
Holy shit VH you are still a retard, Feds will be the ones getting shot in this scenario followed by the Democrat scumbag politicians, then worthless morons like you will be removed. Lets get this started you commie traitors time is up.
Those red state shitholes like New York, Chicago, Denver, Portland, Seattle, San Francisco, Minneapolis, LA, yep, suffering from decades of Republican mismanagement, they are.
I’d have to have a lifestyle compatible for it. (Not to mention money) But my ideal I think would be to have one property that is a downtown condo. Where driving is completely optional because a your needs are nearby. And another place 1-3 hours away that’s a more isolated homestead out in the country. The kind of place where property sizes are huge and there is a mega mansion on one property, and then a mobile home on the next door property that’s a decent amount of space away. Really maximize what is best about city and country and forget the suburbs.
Only if you can’t afford it it’s only stressful if you’re a broke ass phony looking to be a show off
If you can afford it it’s the best way to go.
IDK if this post was w.r.t. my post about living in Latin America b/c of the C.O.L. and the fact I'm fully-fluent in Spanish - but although Spain is Spanish-speaking, it's a European-country and not a Latin American country - living/retiring in Europe has never really been on my radar.
Why do you say Spain may have a civil-war in the near future?
+1 - the Cali/NY libs vote in people that with time make the area unlivable for many of those libs, then those libs move to other states and do the same thing there
Owning property is the way to go. Inflation historically has been at 3% you can buy something at a fixed rate of 2.5 %.
As far as mentioning Spain, I read your post too quickly and assumed it was one of your possibilities. I’d certainly pick Spain over Central America. Lots of fond memories from my youth back when a bottle of Rioja was $.40. Yes, that’s forty cents.
Isn’t California trying to kill Prop 13 ? If so, Cali property taxes would jump for many.
I am somewhat aware of those two issues - but had not really kept up w/ them and kinda assumed both those issues had mostly dissipated.
Interesting info about Portugal.
w.r.t. picking Spain over Latin America, yes, Spain is def a more advanced country than L.A countries - I haven't looked into it but assumed C.O.L. in Spain would be significantly higher and C.O.L. would be my #1 (but not only) variable w.r.t. living/retiring overseas.
https://www.spainhouses.net/en/sale-prop…
First, with the pandemic, more and more companies are allowing their employees to work remote on a permanent basis.
Second, the cities suffering the losses are incredibly expensive. If you don’t own a home in the area, a one bedroom apartment in the Bay Area is going to cost you at least $3,500 a month. Shortly before the pandemic, I had an opportunity for a job with a company in Menlo Park. The cheapest two bedrooms I saw there started at $10,000 a month.
But even if you own your own home, you pay through the nose for everything. The state income tax rate in California is 9.3% for anything over $57,824. It rises to 10.3% for incomes over $295,373 - which is a very attainable number for experienced tech people.
Of course the sales tax and the gas taxes are high too. The cost of everything is high.
And while admittedly the weather is nice, the quality of life sucks. ( unless you like watching homeless people take shits in the middle of the street or enjoy having your car broken into.)
If you make good money in any of those areas and have the ability to work remotely, the only rational thing is to take advantage of the opportunity and leave.
Boise is another area fueled by tech, red, that is on fire.
I’m glad I saw the writing in the wall and moved away from the left coast. When Cali started taxing cow farts that’s all you need to know....
However, if I had a family i would have fled to the suburbs. If you think times are tough now, imagine how crazy things will get in winter when people cant leave thier homes for outdoor dining and the 2020 election frenzy hits its peak.