Taxafornia at it again

[Smoblikat]

CA is the worst state.

No, MA is the worst. CA is trying to claim the title, but I doubt it ever will.

 

[berzerker60]

You're all just being ridiculous now. Nobody, Democrat or Republican, should ever dispute that Florida is the worst state, followed closely by Ohio.

 

[fskimospy]

No, MA is the worst. CA is trying to claim the title, but I doubt it ever will.

Isn't it odd how high the real estate prices are in the 'worst states ever'? Maybe people are just gluttons for punishment as there seems to be a whole ton of people willing to spend a lot of money to live in such awful places.

 

[Nebor]

Not really... but I'm not sure if that's a criticism coming from you. Aren't you typically very authoritarian?

 

[zsdersw]

 

[michal1980]

Isn't it odd how high the real estate prices are in the 'worst states ever'? Maybe people are just gluttons for punishment as there seems to be a whole ton of people willing to spend a lot of money to live in such awful places.

alot of people are leaving the state because of those high prices.

 

[fskimospy]

alot of people are leaving the state because of those high prices.

Yet even more come and demand keeps increasing.

There are many reasons why real estate prices are so low in much of the midwest and the south, but one of them is that they are just not very desirable places to live for a lot of people.

 

[LunarRay]

Yet even more come and demand keeps increasing.

There are many reasons why real estate prices are so low in much of the midwest and the south, but one of them is that they are just not very desirable places to live for a lot of people.

I grew up in NYC and had access to all the milk I could ever want... A milk bottling company in Brooklyn and Weisglass on Staten Island.... but moved here to Solana Beach and had access to all the Soda I could ever want but prefer milk... and the Pacific... Amazing difference tween the Atlantic and Pacific...

 

[michal1980]

Yet even more come and demand keeps increasing.

There are many reasons why real estate prices are so low in much of the midwest and the south, but one of them is that they are just not very desirable places to live for a lot of people.

actually no. you'd be wrong.

http://www.manhattan-institute.org/html/cr_71.htm#.UX7SKcpGQ7s

http://www.huffingtonpost.com/2013/02/20/california-migration_n_2726513.html

 

[Fern]

Yet even more come and demand keeps increasing.

There are many reasons why real estate prices are so low in much of the midwest and the south, but one of them is that they are just not very desirable places to live for a lot of people.

The charts for population growth by state disagree with you.

And real estate taxes are high in the Northern states not because it is desirable, but because they blow a lot of money.

Fern

 

[fskimospy]

actually no. you'd be wrong.

http://www.manhattan-institute.org/html/cr_71.htm#.UX7SKcpGQ7s

http://www.huffingtonpost.com/2013/02/20/california-migration_n_2726513.html

California's population continues to increase, actually. Although you are right, I shouldn't have characterized it as a net migration inflow.

BTW I did enjoy the fact that your second link called out your first link for being wrong.

 

[fskimospy]

The charts for population growth by state disagree with you.

And real estate taxes are high in the Northern states not because it is desirable, but because they blow a lot of money.

Fern

We aren't talking about real estate taxes, we are talking about real estate prices. Real estate prices are high in the northeast, cities in particular, in large part due to overwhelming demand. The only two places I've ever seen broker fees are in NYC and SF, located in the Northeast and California. The fact is that apartments are so sought after here that brokers can routinely charge $3,000 or more to people just for the privilege of moving into an apartment... that you then have to pay rent on.

There are more things to it, zoning, etc, but the primary culprit is simply overwhelming demand.

 

[michal1980]

California's population continues to increase, actually. Although you are right, I shouldn't have characterized it as a net migration inflow.

BTW I did enjoy the fact that your second link called out your first link for being wrong.

both links show people leaving the state.

 

[marincounty]

A large number of people are leaving the state, after they have sold their California real estate for huge prices. Now they are retiring to a cheaper place, it all makes sense.
Meanwhile, real estate is booming here, prices are rising and multiple offers on houses.
California fail not found.

 

[Fern]

-snip-
There are more things to it, zoning, etc, but the primary culprit is simply overwhelming demand.

It's not "simply demand", you left out supply.

Both NYC and SF are basically out of available land. I.e., supply is limited.

I've seen smaller less known areas experience big increases in land values primarily because supply was limited. In one case it was because the county was bounded by national parks and a huge swath of land owned by a forestry corporation, and they weren't selling for obvious reasons.

But certainly NYC and SF are attractive to many who like that sort of thing. Even if you don't career choices may almost mandate it.

I lived in Manhattan and knew people who couldn't stand to go outside of the city because there was too much 'flora and fauna' and a lack of bagels shops.

If you want to live in a 'livable city' there aren't many choices here in the USA. NYC, SF and Boston are all that I know of. Who the h3ll wants to live in downtown Atlanta or Houston or LA? IMO, those aren't livable cities at all. Now, Europe is another matter; plenty of livable cities there.

Fern