Monday, July 24, 2017

Sacramento a-go-go, Going, Going, Gone

Excerpt from SacBee story on outmigration:
Many go outside the state. A record 5 million Californians left between 2004 and 2013.
The most popular metropolitan areas – Reno, Las Vegas and Phoenix – are relatively close, affordable and familiar.
Texas has proven hugely popular with Californians. About 600,000 residents left for Texas between 2004 and 2013, the most of any state. But Michael said he was surprised Austin had outranked much larger and less-expensive cities such as Houston, Dallas and San Antonio in receiving Sacramento transplants during 2015.
It's funny to watch people inside an echo chamber discuss why others are leaving the echo chamber.


 

Read more here: http://www.sacbee.com/news/business/article162986048.html#storylink=cpy
 

36 comments:

Cinco-X said...

Spent the weekend working on my stone wall. It's tough work. Not as heavy as the steps, but it seems you have to try 5 stones to find one that works in a particular spot. Very slow going...

Great Unknown said...

Last I heard there was no state income tax in Texas, a lot less regulation and a lot more gun owner friendly. Probably less crowded as well. Anything I left out?

Picosec said...

Part of the attraction of Austin is its motto.

"Keep Austin Weird"

Rubygoat said...

10 years ago, Austin was the same size as Sacramento(approx 500,000 people). Austin has more than doubled its population in that time. If you are familiar with how ugly Houston, San Antonio, and Dallas/Fort Worth are then it's no surprise why they move here. The traditional "weird" has been priced out of the market. Record stores and resale shops have been replaced by mixed use condos over gastropubs with $15 hamburgers and $9 beers.

Rob Dawg said...

Why would same salary, lower taxes, less regulation etc be a draw?

Rubygoat said...

Even 20% lower salary is a net gain for the CA expats in Tx.

Cinco-X said...

I think there's also an open season on liberals

Picosec said...

"...gastropubs with $15 hamburgers and $9 beers"


Even here you usually have to go to a Giant's game to see those prices.

Picosec said...

"Even 20% lower salary is a net gain for the CA expats in Tx."

Well, if the reference point hadn't been Sacramento I would have responded, "but you have to live in Texas."

Rob Dawg said...

I saw an inflation chart that said in England in 1973 a pint of beer cost 14p and now costs 369p.

Rob Dawg said...

Give me $30 and the ten burgers I will serve would put those two for $30 to shame. We need to move past old measures of value.

LBD said...

Back to better air!

Buying down economies has it's advantages and disadvantages. I have done it twice and it worked well. State and local governments will get their pint of blood no matter what.

Lawyerliz said...

What % left?

Lawyerliz said...

Son heard a rumor that Tillerson retired.

Lawyerliz said...

I can't imagine how much my nice but not perfect house would cost in Kali

Rob Dawg said...

I heard NASA has denied having child slave camps on the moon. Hard to keep track.

EngineerJim said...

I worked for a company that had offices in Orange County CA and in Richardson (Dallas) TX.
So, over the years there were transfers between the locations.
One of the guys (who was probably fairly well paid) sold his house in CA and moved to Richardson.
A few years later he was transferred back to CA.
He couldn't afford to buy back his old house in Orange County.

Rob Dawg said...

I cannot tell you how many "could not afford to move back stories" I have heard or inferred. Truly sad are the vast majority who deny it.

Lawyerliz said...

Well we couldn't afford to live in our house we have now! We bought it during the 10 minutes that we could afford it.

Rob Dawg said...

My youngest had cell phone service for ten minutes in Speculator NY earlier today while grocery shopping. Apparently adult summer camp includes 17 year olds who get to drive speedboats and Olympic sailboats.

LBD said...

I could swing buying the most expensive house in town here but that is not my style. On the other hand I could not buy my first home back in Kali nor would I want to. I would not play with the insanity they have produced. ;)

Lawyerliz said...

Good morning.😀. I just looked a posting for the 10 plus x most exes I've houses in Boston. An I didnt like any of them. They were too big, not cozy,none of the rooms seemed to be for any thing but ro sit. No library, no exercise room, or home theater or hobby room. No kids room, no ballroom, for that matter, no computer room. Over decorated and yet boring.

Lawyerliz said...

Expensive

Lawyerliz said...

Are there enough rich people in the world to buy these expensive houses?

LBD said...

Good Morning!

Rich? creative finance is the answer.

Lawyerliz said...

Creative finance has returned? Aaaaaaaahhhh, groannnnn. Tell me it ain't so???

Lawyerliz said...

I know! Some of the long rooms could be repuraised for a bowling alley.

LBD said...

Pulled back but never left. First time home buyer money, 3% down won't even cover realtor fees and closing cost, PMI, etc. They start underwater but the property turned and profits where made.

Lawyerliz said...

That was then. This is now, after prices have recovered. I suppose they think prices can go up asymptoticly.

Lawyerliz said...

Didn't we answer that question. Guess not.

LBD said...

I has been answered before but the old will never quit eating the young and ignorant. Then some never grow up.

Lawyerliz said...

2 plants planted. A little ordinary grass pulled up. No turtles visible.

Lawyerliz said...

Seeing more butterflies, a black one and an orange one just now.

Rob Dawg said...

New post. NASA.

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Lawyerliz said...

Hunh?