Tuesday, July 16, 2019

Leaving California: Interviews With Californians Who Moved To Greener Pastures

Everyone is piling on California these days, and for many valid reasons. California is always ranked as one of the worst states in the country in which to run a business, while Texas always ranks as one of the best. Chief Executive rankings show Texas in first place and California in an embarrassing last place at 50th.

California’s real estate market is good for sellers, but bad for buyers – it’s expensive and there is a shortage of available and affordable residential homes. The rental market is even worse, largely because of thousands of pages of regulations imposed on developers and builders making it cost prohibitive even before the ground has broken.

Last month in the California Senate, Sen. Hannah Beth Jackson argued that it is a myth that people are leaving the Golden State. “I am frankly tired of hearing how people in the state of California are leaving,” Sen. Jackson said. Jackson added that when people are stuck in legendary traffic on the 405 in Los Angeles, or on the 101 in Santa Barbara County, “people aren’t leaving the state. They are going from place to place.”

Gov. Gavin Newsom argued that California’s “gross domestic product outperforms all other states.” The state “is still the envy of the world,” Newsom told the San Francisco Chronicle.

Newsom also promised a group of executives at the June 2019 Pacific Summit in San Francisco: “We’re not going to be the cheapest place to do business, but you knew that 50 years ago,” WolfStreet reported. “He mentioned some of the reforms. ‘We’re making progress, and I hope you’ll start focusing on that rather than the 13.3% damn tax rate.’”

The denials are expected, but a dose of reality is also important....