What’s Reshaping Florida, California And New York?
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- Опубліковано 28 тра 2024
- The Covid-19 pandemic changed the real estate market and forced people to reevaluate where they live and work. Oracle, Palantir and Hewlett-Packard Enterprise moved their headquarters out of California and Elon Musk moved to Texas. Florida became known as a safety haven for wealthy New Yorkers fleeing Covid which now seems like a permanent move as states including New Jersey and New York raise taxes on the wealthy. Some of Wall Street and Silicon Valley’s biggest names like Elliot Management, Citadel, Shervin Pishevar, and Keith Robois, have moved to the Sunshine state to build roots. These are the states seeing a surge in population and the states that have seen a population exodus.
Segments:
00:00 -- What’s Driving California’s Mass Exodus?
19:29 -- Can Florida Become The Next Big Tech And Finance Hub?
30:19 -- Are Rich People Fleeing Places With High Taxes?
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What’s Reshaping Florida, California And New York?
I've been in San Diego for 40 yrs , people forget that in the 90's America flocked to California and drove up Real estate prices and it hasn't stopped.
Now Florida, Texas , Idaho etc will definitely feel raising costs of living .
And there wouldn't be a problem if they didn't have extremist leftist majority. Progressive policy's are to blame.
@@bobb9420 population increases actually raises the cost of living no matter what your political beliefs. Florida is a die hard red state and the cost of a 2 bedroom rivals that of NU or even NJ. More people equals higher taxes.
And Las Vegas! My goodness
Exactly. Arbitrage is a façade everywhere is now expensive.
@@bobb9420 poor pea brain bob can you actually think for yourself instead of parroting your favorite conservative pundit
I still find it amazing when ppl say "now that commutes are irrelevant". Do these ppl realize that the great majority of jobs cannot be done remotely? The media needs to stop focusing on the wealthiest companies and white collar workers.
And I say this as a tech worker.
The roads in south Florida have been back to pre-pandemic levels for a long time now. It’s unbearable lately.
Employers dream of programmable slaves and employees dream of stress free unsupervised work .....the world still needs manual labor and skilled laborers etc smh
... but a work from home option for jobs that can be done by remote does benefit everyone with reduced traffic congestion, smog, global warming, and pressure on urban housing prices.
Vote for Pedro
@@jbar_85 traffic in Miami is ridiculous ..especially on the weekends
Real estate crashing 40% wouldn't even be a crash… it would be 2019.
Sounds good to me!
I think there will be foreclosures galore.
@@Natalieneptune469 When?
@@Natalieneptune469 How can the typical family with average income afford a higher rate+ more expensive home? in my area multi generational home is becoming the norm . Don’t forget to add the inflation which just this week was 9.1 on the CPI , producers index 11.3, it’s going to be a rough ride for sure.
@@marianparker7502 Time will tell how this period will treat people that never save, invest, lived beyond means, paycheck to paycheck, too many kids, too big of home, keeping up with the joneses with FOMO,YOLO, paying alimony, child support, etc…
@@Natalieneptune469 This is why being informed pays off. I see any market condition to make plethora of wealth. I had my 55k diversified mainly in stock and digital-assets which has grown by 3x in the past 7 months with compounding (credit to Nicole Ann Sabin ) . venturing doesn’t necessarily boil down to funds but you also have to be informed, be patient and back it up with good guidance.
As an educator, I left South Florida. Very unaffordable. Low paying jobs, the wealthy have pushed the working out.
Where did you go if you don’t mind me asking?
This is spot on, it’s wealthy democrats.
@@johnnylego807it's Caucasian people voted for Desantis should burn in hell he evil friend Cuban live in lil Havana these Caucasian gentrificating Lil Havana said bringing in weird corny Caucasian in there neighborhoods literally build $50m apartment complex prices in area went affordable living to times 3 rent price
yeahnbman.. i moved here in 2012... but i'll be out later this year.. housing is too expensive. and wages dont match.
@@johnnylego807 there are way more wealthy Republican's in Miami Dade now, like Ivanka Trump and her fam (New York Republican's are moving on Miami like crazy)
I'm sorry, but Miami (and all of South FL) is NOT cheap housing.
True its crazy I saw a house 270K 2bed 1 bath that needed full restoration
Be glad you're not in Sydney, Australia. A 3 bedroom house with no garage and no basement will cost you $1.6 million
@@landmark22 That would cost you $1M in the coastal parts of San Diego, Los Angeles, or the Bay Area.
@@landmark22 How much you think it need to fix up $75,000?
Lmfao facts
The very people leaving California and New York for Texas and Florida because of cost of living are driving are driving up the cost of living in Texas and Florida, which necessitates moving someplace cheaper again. Wash, rinse, repeat...
An influx of people is not going to make things more expensive unless there is a shortage of housing. Which there is because of restrictive zoning.
CA has some awful problems-- homelessness, high rent, traffic. The reason all these problems happened is because the rich homeowners in CA tried to exclude everybody else from their city (which is still happening). So they made it illegal to build more housing, and clearly that leads to a housing shortage. PLEASE do not make the same mistake in Texas.
@@mariusfacktor3597 Sir you said everything I've been trying to say for a long time but I could never get it out. Other states must address their restrictive zoning laws If they wish to keep their costs of living down during mass migration.
@@speakingofgreg Thank you! Yes you understand 100%
@@mariusfacktor3597 As a Californian who is planning to leave one day because of the extremely high housing it gets very offensive when people from other states say that I should basically stay here and financially suffer so that their costs don't go up when one person with no kids or spouse(me) will not make or break their ability to afford their dwelling place. It all leads back to the same thing. RESTRCITIVE ZONING. They should be mad at their local government. And then they wonder why there aren't enough homes for everyone.
That’s a feature of Corporate America’s “race to the bottom,” not a bug. They want cities to compete amongst each other as destinations for investment so they can reduce wages, working conditions, and worker and consumer protections to the absolute rock bottom.
I'm one of many that left CA for TX (CA native) and I was able to save a lot more and have the opportunity to buy a home in TX. But I miss CA a lot. The vibe/culture was way less aggressive, way more things to do or see, amazing weather year round, and much more. I am definitely planning on moving back soon and counting down the days.
Why texas though? So many CA ppl move here out of all the states . I see CA license plates everywhere here in Houston 🤦
Yeah me too(CA native)
It’s too aggressive down here
Honestly, I've lived in New York, Atlanta and Los Angeles and prices are going up everywhere! Especially in the smaller sun belt cities like Atlanta and Austin. Most people I know in the Bay and LA don't want tech companies here. In California that industry is very responsible for driving up rents and further expanding the housing crisis here due to gentrification especially in the Bay Area and Los Angeles. Maybe rent and housing prices will go down eventually. Good luck Austin! Soon enough you'll be paying 10 dollars for a coffee in too!
Man Austin is mad expensive . I rmbr when it was just a “small” city here in texas . Now it’s the most expensive city in the state without a doubt ! I can’t believe how much it’s changed in the last 20 years .
Quit focusing on people who work tech, not everyone works tech. The majority of people need to be present in person to work. Some of us, like myself, live on a fixed income, we had no choice but to leave California.
That sucks because all you California liberals are gonna come to move to Republican states that haven't been ruined by democrats yet and vote for Democrat criminals that will ruin said state in the same ways you ruined your home state🙄
Please go back to Cali.
I have friends in Texas and Florida and they hope people stop coming there for various reasons. Cost of living is going up in both states I’ve been told.
Orlando here and rents have gone up by up like 65% in some zip codes , it's insane !
That's what happens when you draw in big companies duh, it draws in more talent
Got relatives in New York, And Florida. Friends In Texas and California. I live in AZ. Everything’s going up in all of these places
@@Striker50_ talent? Maybe, but I was talking about living cost and conditions.
@@mack-uv6gn You think Joe Schmo is going to be working at HP or Oracle? No, they're people with advanced degrees that will bring bigger paychecks and outbid for properties close to work. That's more money for the local economy, etc. The lower income people were not going to provide anywhere near the level of production, so what really benefits the state?
I have been to California, New York and Florida. I would never live in Florida, it's beautiful and fun to visit but I wouldn't want to live there. I used to live in New York and loved it. My sister is in California so I just visit. It is going to be interesting to watch these areas over the next 5-10 years
I hear you.
I lived in Texas for 10 years… employees get fired unfairly, lots of unprepared for extreme weather, you pay a lots of what they call “ city taxes “ they’re not honest and fair to workers and if you rent apartments you get $300 just in “ city taxes” they come up with a name to charge you taxes… the hourly pay it’s very low, you drive more longer to simply grocery, lots of illegal immigrants…
I’m sure if all companies are moving to Texas like Tesla did, when soon realized was no power or water after a extreme snow/ ice weather that Texas knew was coming and they didn’t do anything to prevent a collapse in power water and food.. was trash everywhere, no water or food in the store.. ice in the streets for 2 months was no water.
Tesla and others want profits but soon they move they will realize Texas it’s not the paradise and government will use it to rise prices of housing and water and power…
Because this companies moved to Texas .
To hot to humid to many bugs … to much AC all year it costs $500 per month etc
Good points! People are so irrational; they don't look at the big picture and all the downsides that come with it. Paradise lost~
Austin is NOT cheap to live. It might be cheaper than SF, but people are leaving Austin too because they cannot afford rent or property taxes.
Where’s everyone going? 😂
@@LordBagdanoff hey from Bartlesville, Oklahoma 🤠
The Midwest has cheap rents
Of course Austin is Not cheap to live in, but places near Austin aren’t expensive at all. And Texas is very business friendly!
@@johnbush3725 Sometimes business friendly = worker unfriendly.
That guy who said housing costs in Miami are cheap is wrong. Sure it’s cheap when you compare it to CA or NY but in Florida we don’t get paid like CA or NY 🤷🏽♀️
And we Floridians,we don't pay high taxes as them.
Oh Florida don't go blue.
Florida rents will catch up to CA & NY. Pay, will not. That gap is exploitation
Miami is cheap coming from LA, I’ll be moving there later this year working remotely keeping high salary loving there ..also will be able to keep more of my money since Fl has no state tax can’t wait 😛
@@micalcre8ts Watch out. People have been saying that exact sentence since the 1990s (maybe even before). What happens is that high salary position has a corporate re-org or layoff in a few years and boom you're out of a job and need to find a position in Florida's intentionally suppressed low wage market. One of the key selling points Florida pitches to relocating corporations is "we have a cheap labor force". Just saying, I've seen it happen to MANY people so plan accordingly.
@@kev6030 yes I heard that’s why folks in Miami complain about their salary to what they pay out for cost of living FL does have the top lower paying wages in the nation..good point
Switzerland proved that by having taxes as regional as possible, competition keeps such taxation low as the cost of relocating businesses and residences are low. We're just seeing relocating businesses and residences augmented by telecommuting becoming an alternative to paying state and municipal taxes. Businesses are just not as tied by geography as they used to be or the taxes have just become high enough for them to undertake the cost of relocation.
Their population is 8 million
@@herrylaw3196 the don't spend $1T on the military
I'm a fan of taxing these corporations. if you aren't willing to share your profits with your employees and instead do stock buy backs and massive senior level pay raises you deserve to pay high taxes. we need to completely cut tax loopholes federally and create a tax incentive system where you pay lower taxes if you pay your employees better or pay a larger portion of their benefits.
Cory Chin you have so much to learn.... Please research your position; specifically on what corporations are, how taxes affect employees, what taxes are actually used for, and what a tax loophole is.
If you tax them harshly they will leave for other states or countries with lower taxes. Let them keep most of what they earn if they hire a lot of people.
@@eminescueliade4206 I doubt they would leave and I didn't say tax harsh but they don't pay any federal taxes and alot get tax rebates. They need to pay at least 30% to federal.
As a Californian , taxes get misused , roads are bad , infrastructure is crumbling and housing is super expensive
Please leave
Ha ha. Move to another state where you have to pay a toll to use the freeway, and see how much better that is (not).
@@dsddala467 we already have and are expanding our carpool lanes as tolls
It is called the Democrats 🥴
@@juanpabloochoa1470 it’s both parties remember we have both elected democrats and republicans here in office and have had republican governors
I live in Florida and it’s getting extremely unaffordable here.
If you don't generate income you will get swollowed
Its getting unaffordable every where in America I live in Chicago so so neighborhood. 1 bed room apt 1200 a month to rent. Thank the Liberal agenda and CRT for people leaving loon country 😳
@@cjhdabears7186 That’s how much an apartment here in Orlando cost. A 1 bdr here in Orlando ranges from $1,200-$2000 a month smh 🤦🏽♂️ thats IF you don’t want to live in the ghetto and want an actual nice neighborhood
Florida is red. How is Florida’s issues caused by liberals?
@@jaynyce5923 how much is one in Crime Hills?
Before I retired, I was a Silicon Valley high-tech executive for 30 years. I planned to relocate and seek a lower cost of living. But after my wife's death, my property taxes EXPLODED!! I couldn't believe how much they went up. As much as I loved living in California, there was no choice but to get out.
You should have been able to take advantage of Prop 13. What happened?
@@curtissharris8914 People who don't understand how California's laws work are the ones who trash talk the most about California.
Oh no I am sorry to hear this. My Heartfelt Condolences to You and your family.
i pay $325.00 a month for lot rent in a very nice retired trailer park here in upstate n.y. no way i can live this cheap anywhere else!
I recently took a car trip across the US and was shocked by the number of California license plates I saw. The exodus from that state must be worse than what the media reports.
Other people takes trips too pal......
@@mpls1982 I do know a lot of CA peeps left.
@@curtissharris8914 I see lots of Texas plates in Minnesota. Now what.
There’s 40 million people living in California…
Sad
I fled my hometown of Miami in 1996 (26 years ago) and moved to the middle of the Midwest. I have lived comfortably off of $38,000 a year, for many years. I could never do that in Florida.
Thats why its called midwest.
Big ups, 47.
Thinking of doing the same thing. The intense sun and rising costs of living are rapidly aging me.
You could in Florida just not in Miami
So you left because it was getting expensive, right? Ok Is the same thing, they fleeing California for the same reasons. And We Texans either adapt, take advantage or move somewhere more chilled.
STOP MOVING TO FLORIDA!!! Affordable housing is getting torn down to build “luxury” housing for these transplants. It’s maddening to watch. Salaries are only increasing marginally and the fraud and scamming is only going to get worse here because living here is becoming impossible for anyone who isn’t making $5k a month.
That is so true!
That is what happens anywhere. It’s annoying. Companies will go anywhere they can get away doing little for workers but make more money. Soon these same companies will find a way to leave the US then what?
@@NovaDoll I’m not a capitalist so it’s good riddance for me. I’m just patiently waiting for the system to implode in on itself because it’s unsustainable. When the poor have no food they will eat the rich. We still have too much food.
@@Jenstillwittheshits EAT THE RICH BABY!
@@NovaDoll FL did fine before the influx, it has a budget balance requirement in the state constitution. And its a freedom state.
Last year, I worked for a company that was based in NY, and now I work for a company that just moved from CA to TX. What I have found is that most people from CA or even NY are a lot like me, we all want the same things but the governments we live under want different things. My point is that the people aren’t the problem, the governments are
You get the govt you voted for, what is there to complain?
@@dawnreynolds2991 That's not true - the electoral vote does not reflect the votes of the entire state. The northern half of CA excluding SF would rather break off and be it's own conservative state of Jefferson. Just not enough people or money to compete.
Not really. I live in Florida and most New Yorkers come here and just bash our Governor and overall politics. They want my state to be like the one they fled. They aren't smart enough to realize their views and votes are what destroyed their cities.
@@cknorris3644 I should’ve clarified that I was mostly talking about the working class, not rich people in New York who can afford to come down to Florida whenever they want
Living in Florida, people from all over are moving here and people are milking it all they got. Increasing rent, increasing everything. It’s starting to get really annoying because no one is stopping people price gauging the market. I think it has to do the with US government and their issues, but I have to live with my parents cause i can’t affordable 1 bed thats not 1400$ a month
Right. Jax, FL here. Housing has exploded and you think teachers for a raise to accommodate that?
Ironic, that all these companies that created the boom in California created the reasons for leaving California. Sure, Austin, TX looks good from a corporate financial bottom line perspective today, but so did California yesterday. Wait until all the companies moving to Austin, TX cause the same exact problems and reasons for leaving California today. When you create a booming, thriving economy it is natural evolution for high taxes, high housing costs, long commute times, rising grocery prices, rising restaurant prices, rising wages, rising car prices, rising gas prices, rising plumber prices, rising carpenter prices, etc. Over a hundred year history of USA economic development proves this.
Someone gets it, thats why Chicago is the way it is. Also wait till dems turn TX and NC blue.
What Texas has that California doesn't is flat land for miles and miles outward. Austin has the least amount of flat land, but there's still an abundance.
@@seanthe100 At least Houston,Dallas,San Antonio, and even El paso has alot of space for housing which is always a good thing. Luckily the cost of materials (such as lumber) is getting cheaper.
@@Farhankhan_the1 I live in Raleigh Durham, NC
@@seanthe100 California has miles and miles of flat land in the Central Valley. Thats where Tesla has broken ground on their new factory.
Love how the majority of this video is solely about the rich and powerful and not the middle of the lower class getting screwed over in every single stage including Texas Florida Idaho etc etc
Rich pay almost all the taxes. The rich also hire people. Litard politicos knees are shaking.
@@tedzehnder961 by percentage it's far less and they don't take income to avoid paying that tax
They take capital gains from their stocks which they buy back with the tax cuts that they get.
You don't know what you're talking about You're a child or a robot
Very true! This video needs to address the middle class, lower income, & hard working struggling families/individuals!
24:05 It’s really “incredible” if you’re wealthy, sir. If you’re working class or on a fixed income you’re seeing your standard of living decrease drastically or being gentrified out of the state you’ve lived in all your life altogether. The wealth gap here has gotten really bad.
Because of the booming TV and film business - and the tech industry, I'm so afraid that Atlanta is becoming a hybrid of LA and San Francisco. Thousands in the film business in California have moved to metro Atlanta and Georgia. Microsoft is building an east coast campus here. Facebook and Google are expanding here. The e-truck company Rivian is building a plant in Metro Atlanta. There is a shortage of affordable housing and rental units. The talk from Gen Xers and boomers is about leaving the country all together. Oh, did I mentioned crime is up also? Our elected officials in Georgia need to learn from the mistakes of California and New York.
And what are those mistakes? The NYC and CA economies became overheated such that there were so many people making good money, housing prices skyrocketed, not enough new housing was built, traffic became very congested, and so lots of people decide to cash-out and move elsewhere. So now Atlanta is getting a taste of the same. It is quite unlike the Dust Bowl migration of the 1930s, when people were truly desperate. The big problem is that California is too generous and became a magnet for homeless people.
The dream of owning a home and having a family are dead. Most people I know in their mid to late 20s can't afford to live away from their parents.
Tell me about it. I greatly sympathize, and it's heartbreaking as well. At least they're trying. Hopefully they can find some solace in that.
Very Sad
It is possible . You just have to be willing to live in a place where no one wants to live in with a low col.
At this point I need to know where rich people are NOT migrating to.
Right?! I'm trying to find out so I can avoid those places 😅
Oklahoma, Mississippi, Alabama
Louisiana, West Virginia, Arkansas, Alaska
Michigan
@@tic8259 You are so right.HAHA your joking right?
Low cost of living???? Rents in Miami and Orlando are up over 38% . Typically housing is being repositioned for upper incomes at the expense of lower income households. The long term consequences is Florida will have to massively increase spending on social services, public education, infrastructure etc. But the economy depends on individuals who make less than $35,000 per year not rich retirees and tech companies.
❤video surveillance everywhere, policeman everywhere, taxes, municipal bureaucracy, pollution, noise... the "smart" city has become hell.
I live in the Tampa Bay area of Florida. Our housing prices, and cost of living have gone stratospheric. Fortunately, we bought our house back in 2012 when it was cheap. A few years ago the house next to mine was bought by a couple from California for a price no Floridians would have considered in their wildest, wettest dreams. Then two years later a couple from Massachusetts bought the place for a big chunk more than that. It's insane, it's unsustainable, and sooner or later it will crash.
I can do you better. I'm from Miami. I purchased my *townhouse* in 2014 and paid 140k. Today? It's valued at *half a million* 🤯 I still can't believe it when I say it. For a 3/2 townhouse.
of course it's sustainable. the population of the US is growing, people are living longer, and we have limited space for desirable housing.
you actually think the prices will COME DOWN?
@@RobertMJohnson The only way it would be sustainable would be if incomes kept pace with rents. They haven't. Real income has been stagnant for 40 years and rents have increased at 2-3 times the rate of incomes. Something's got to give or sooner or later rich rentiers will face pitchforks, figurative or literal.
@@RobertMJohnson prices are going up and yet individual purchasing power is going down. This is sustainable?
@@RobertMJohnson it happened in 2008
Florida is only good for people who already have money. That’s not new. Florida has always sucked for their working class. It’s only good as a tax shelter for the retired & financially established. If you need to actually work for a living, Florida isn’t the place for you & it’s only going to get worse as transplants from high income areas continue to run up the cost of living.
All true.
You are SO RIGHT!!!!!
Im in the working class and I am thriving. My familys status improved during the pandemic and continues to improve despite the idiot in the white house attempts to destroy us. The only thing that will ruin Florida is if the left ever gets a majority like in California and New York. Then the state will go down the toilet like every other Blue state.
when i have money i like to living in florida , i love weather down there
That’s some BS. I know multiple middle class (>>$100k) people who have moved to Florida and do fine. It’s much more affordable than liberal bastions of NY or California.
I actually thought about leaving New York for a number of years, but looking at the skyrocketing cost of living in other states, among other factors, has made me realize that this isn't such a bad place after all.
I have a spacious, comfortable house in a lovely neighborhood and the daily commute to my job in lower Manhattan is relatively quick via rail and subway. Crime is also not just simply confined to New York, as a number of people would have us believe: states such as Alaska, Texas, Idaho, New Mexico, Tennessee, Nevada, Missouri, Oklahoma, Colorado, Louisiana and South Carolina, just to name a few and not in that order, were ranked as having high crime rates compared to New York, despite the bleak picture painted by the recent surge might be suggesting.
I love New York. It is expensive living here, but we have so much to offer. The entire northeast is a global powerhouse.
Your source is wrong. Must have been MSNBC
@@DTMyles Not without oil and gas it's not.
@@KB-ke3fi We don't need oil and gas, dummy. We have everything else in the northeast. We are where the majority of the wealth reside.
I've been to NYC there is not enough money you could pay me to live there! There is absolutely nothing it has to offer anyone. Unless you like to live in constant fear of criminals and police. Not to mention you have to make way more money to live there. Nope....never !
As soon as Texas is in drought, polluted, crowded with poor air quality those taxes and costs will increase too.
I grew up in California, we made it by living with many family members in one household. When it was time to go to college I chose a ‘safe’ career instead of my passion which is design, to pay the bills/mortgage. Two hour commutes each way aka 4 hours. We left California and now have a better quality of life.
You are still in college or started working ?
well i can only hope you left the bad politics that got that state there in the first place, back in california.
@@johnnylego807 This whole country has bad politics. Arizona is going down the drain and it isn't even close to what California is. And homelessness is going up at alarming rates in Arizona. And the crappy zoning laws and building codes do not help one bit here.
I'm from Florida, but I left in 2016... it is quickly becoming the rich mans paradise, but it was never cheap to begin with. It was the cheaper of California and New York, however, Florida was always expensive.
WTF are you talking about. Florida isnt as expensive as California. And in 2016 Florida costs half what California costs. You are off base.
@@brianhalps Psh, it was too expensive back then, especially for what it was. You were not even in FL in 2016 & yes Florida just as expensive as Cali. Go away troll. You don't even live in Florida.
@@richardmossy5540 I lived in Miami Florida all my life except for four years when I lived in NYC. NYC was double the expense of Miami, the cost of housing nearly triple. I'm not trolling you dude. I have an MSIRE from FIU, so this is the kind of thing I study religiously. You left Florida before one of the largest price appreciations any state has ever experienced ever. It might be a bubble, but it happened. I've lived in Florida since I was born in the 80's lol. You could buy a modest house in Coral Gables in 2016 for 400k to 500k... mind you that's the nicest part of the city, the Beverly Hills of Miami. Now its double that, quadruple that if its a house on the water or on a canal. I know because 2016 is when I bought my house in Coral Gables. BTW prices did trickle down for a second after IRMA and interest rates rising, but whatever, just ignore facts. In Opa Locka/Miami Gardens, and areas like that, you could buy a house for 125k in 2016, 75k in 2013, and now 250k. Don't tell me it wasn't affordable, that's not me trolling you. Inflation is inflating the prices everywhere! Rent is still going up in CA and NY even though they are losing people. They are losing value, giving you less, and charging people more for that privilege.
@@brianhalps I live in Coconut Grove and I approve this 100%.
@@brianhalps I'm not from South Florida & stop giving yourself thumbs up. My part of Florida was never cheap and never had jobs. And still doesn't & is still expensive.
Really enjoy these stories. Keep up the good work CNBC.
Companies are always willing to move where they can get away with paying slave wages. Florida salaries have always been extremely low, but their cost of living keeps going up, let’s see how long they will get away with pay low salaries.
I’m 11 mins into watching this video, I have not heard any CA officials or academias mentioned the high crime rate & so many homeless ppl living on the streets as other big incentives for ppl to move out of CA.
In my last visit to San Francisco, I personally witnessed an afternoon robbery in Walgreen & homeless ppl living around my hotel. I feel that I won’t visit SF again.
Just wait until they finally pass Calcare and put everyone regardless of status on their state run healthcare. You think Cali is flooded with homeless, poor and undocumented, Cali wil be overrun and they can only tax the rich si much, the rest will fall on the middle class to carry the burden. It did not pass this year but eventually it will, hopefully I will be out of California by then.
I was there in the 70s. It was a beautiful town. Now it's a dumpster fire. They can keep the whole western coast.
In point of fact, 8 out of the 10 cities with the highest crime rates are in “red” states. Only one - Stockton - is in California, and it’s 10th out of 10.
Also, if you would be so kind as to post a link to some local media reports about the armed robbery at Walgreen (sic) you supposedly witnessed. Armed robbery is a very serious and rather rare crime, so you would undoubtedly be called as a witness to testify in court if indeed you’re being truthful about this incident, which would also undoubtedly form a powerful memory vis-a-vis precise date, time, other witnesses, suspects accused, etc.
Far more likely that you didn’t witness anything of the sort and are just regurgitating what you’ve heard on Fox News, but please do go ahead and prove me wrong with court records.
Crime and poverty is the dark side of capitalism's (exploitive) "success".....
Also those who have been moving to “cheaper states” are just in the beginning of CA’s growth and will see cost of living grow like crazy. I see it in phoenix. Houses are absurd and traffic horrible in the past two years
California’s insane policies and taxes are what is driving people and corporations out of the state. When Democrats achieved a stranglehold on political power, the insane policies and taxation began. Coincidence??? I don’t think so.
That’s the case with nearly ever state. Any relatively desirable area has boomed tremendously due to housing demand and low interest rates. Hedge funds buying 1 in 7 homes sold last year has also fueled the supply crunch.
Yup... I want my state back....Az!
@@MrJamespeyton Said the guy who doesn't make enough to live in California
I am in Phoenix and I see the same thing. However I remember the house price and inflation was totally OK and even going down in 2018_2019 time frame, I mean, I do think recent craziness now is more related to the inflation and the FED covid policy. I only guessing.
Watching from abroad (Britain) and it's very interesting. America is very impressive. I really do respect it a lot. The federal system is cool but it seems watching this it really does allow corporations massive power as the use their control of economy to make states fight over them to lower employment standards and increase corporate freedom. We have a similar phenomenon in the European Union in which at least in theory there is an entirely free and competitive market between states like the US. It has been known to cause what's called a 'race to the bottom' as states are incentivised to lower laboir conditions and corporate tax etc in order to attract the corporations who end up holding all the cards as they gain more and more ownerships of the economies of the states
Thank you for making this valid point. Overall, I feel fortunate to be living in California. But as retirement nears, I'm seriously thinking of relocating out of the US; too many angry souls with no critical thinking skills (maybe I'm spending too much time in the comment sections🥴).
The fact that corporations donate billions to politicians means the politicians are beholding to the corporations first, not their constituents.
This impacts the physical and emotional health of those of us living in the states (low federal standards for food ingredients, lack of mental health services, etc.). And why are housing prices increasing? Most want to target Californians for their woes. Who sets the price when selling a home? Their neighbors do. Greed from top to bottom😔
Thank you again and much respect.
This channels documentaries are amazing! How did I not know about this?
The reality is that the rich don't pay that much in taxes. They consistently find loopholes to pay much lower rates and hire the people that find ways around what the general public pays - this is well researched and established. As Leona Helmsley put it 'only little people pay taxes"!
It's disgusting and dead wrong and needs to stop now.The rich need to pay their taxes. Ugh
Yes!
ditch the income tax, slightly increase the sales tax and you remove all tax loopholes.
It’s true and frustrating as a poor or middle class person that the super rich don’t pay taxes at as high of a rate as poorer people. However, this is a global issue and phenomenon. Yes even in Nordic countries the super rich commonly find ways to pay a lower percentage of income taxes than their lower and middle class counterparts.
And it likely has to do with 2 things. 1) Part of the result of becoming rich through business is being willing to take huge risks. So we structure things to motivate people to take the risk of leading a business by not having to be taxed as much. If the business is successful, all of the people they hire and the products or services can be taxed at a decent rate. Also, 2) the more money someone makes, the greater incentive and resources that person has to save every percentage possible by using tricks. Many tricks aren’t even something that the United States alone can fix but require international laws and regulation. And those in particular are really difficult to pass. We can and should do more to address some issues. But in some ways it’s a losing battle to focus so much on the percentage of taxes paid for the income of the super wealthy. It might make more sense to tax expensive homes or luxury cars or expensive art or renovation projects or gold or inherited wealth. There could be a premium tax for buying a large quantity of resources which increases someone’s carbon footprint. Especially if it isn’t even for business. It’s not as if really wealthy people make most of their money from their paycheck. Usually the vast majority of their wealth is in the form of stocks or assets.
You guys seem to forget rich people can leave your state/country 😆
You need to have rich people in the community. They create jobs/buisnesses. And are big consumer of services
Treating rich people like some ennemy you need to punish or go after. Is very counter productive
Did all the very rich people who left california did any good to that state? Now its harder to find a job and good paying job in california. Cause the rich people prefer to build their buisnesses in another state or another country
Dude just said Miami housing was cheap.
I lived a 45 minute train ride outside NYC for years; the (large) houses in our neighborhood cost a quarter what they would in Miami. Closer suburbs cost about the same. Comparing apples to apples, you’ll get more bang for your buck renting an apartment in Miami (space, pool, gym) than an apartment in NYC…but I don’t think young families are moving to Florida to raise their kids in an apartment.
I lived in Miami, too. You’re not gonna find a nice house in a nice neighborhood for less than $1M. More like $2M to $3M for neighborhoods that are actually nice to take a walk in...most Miami neighborhoods often feel Central American and, so, really utilitarian. You’ll need two cars, of course, because the nice neighborhoods aren’t close to the metro line. So add at least $20k to your budget. Traffic is often as bad as NYC so add 30 minutes to every leg of every trip.
RIGHT. It's not cheap, at all. People don't get paid very well either to make up for the high cost of living.
Actually there are a few nice neighborhoods on Central Miami: Biscayne Park, Miami Shores, El portal, Morning side,
@@shedydee4962 thanks for the recommendations; the neighborhoods do look nice. They’re a bit further north than I’d imagine living, but your point is well taken.
I lived in nyc & jersey and currently live downtown Miami and can vouch for this. You do get way more for renting(like my 2/2 apartment and amenities is far less than nyc..but you definitely need to pay 900k/1m for a decent home here in like coconut grove, south Miami etc
@@jaredflurry937 coconut grove and coral gables a good neighborhoods. The peacocks and roosters are nice too
This has not effected the housing cost in California at all so far. 3 houses on my street in San Diego sold for $125,000 over asking, this week.
I my self worked for a construction company and houses were being sold as the new homes were being made
That’s because black rock is buying them up and turning you all into permanent renters.
Purchasing a home is already a very difficult thing to do, unless you pay cash or don’t get a loan from the government. If only my minimum monthly house payment, over the course of 30 years I’ll pay more than double what my home is worth. I purchased before things got crazy so I got a good interest rate. I couldn’t imagine trying to rent or buy right now.
I hope to own a home some day, not quite long I started investing. I'm very curious already and need help on how to enhance and increase my returns. Any good investment tips will be appreciated.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
I’ve been worried sick about the current state of my portfolio, who is your advisor?
Sharon Lee Peoples is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
If California’s taxes are so high, why then do all the rich people still live there? Same goes for NYC. The wealthiest people in the country live in California, New York City and Washington state. To hear the conservatives say it, you want to keep taxes low so rich people won’t leave. That doesn’t seem to be the case in this country. If that were true, why not go to Mississippi, Arkansas or West Virginia? Got plenty of “freedom” and low taxes in those states. As for people leaving NYC, I have been hearing that every year since as far back as I can remember (and I am 65 years old). NYC is still flooded with people.
New York State pop. might have fallen but NYC is growing.
@@Farhankhan_the1 Completely right, the availability of rentals in new york city is at a lower point now than it has been in decades. And rental prices are higher now than they were pre-pandemic. If people were leaving in the numbers they claim, this would not be the case.
Right wingers complain about the taxes to advance an ideological agenda, of course. But there are plenty of “red” states that have high taxes too (I live in one). The real issue in NY, CA, et al. isn’t so much the cost of taxes, but the cost of everything else, which results from the enormous economic rents that landlords (in the broadest sense of the term) extract from the populace.
Rich people pay capital gains taxes... Which are 15%. And most of the time they can afford accountants and tax lawyers to help shield most of their income from taxes. That's why they don't mind high tax states.
@@Farhankhan_the1 no its not. Luis Rossman has debunked that claim multiple times. Rents are going up because there are less people will ing to pay those rents. The commercial real estate companies can't lower rents because doing so would decrease the value of their assets and could lead to them defaulting with their banks. Thus, they are now raising rent on those who have stayed in an attempt to cover the loss in overall occupancy.
I live in Florida and this mass emigration from different states is beyond annoying. For people like me just moving out the rise in the cost of living is hitting extremely hard with the rise of rent and utilities. It sucks.
You have reading skill issue. The topic if From said States To other States. Not the other way around.
Lies again? After Dark X Green Pink
I am with you
Emigration? Haha
As a Californian, I couldn't be happier that business and people are leaving. It makes no sense whatsoever to concentrate all the jobs in one state, making commutes longer and driving the cost of living for all. Best to spread them around the country. Clearly, as a state we are not hurting by companies and people leaving - though I wish they would use the extra tax money for education or social programs instead of sending us a $1K rebate check. Indeed, the only way our housing prices will go down is if more people leave.
Good take
I'm in Austin. People from California might be able to afford nice here, those that have been here the whole time, paid the "Texas salaries" companies want, they can afford what we cannot. Even companies that are paying higher than others are still not giving the perks they give to others. Texans get excited because it's better than we've had but that doesn't make it better across the board. Wait for a bit. All those moving will find that same problem will follow them eventually. Cost will always go up when demand outweighs supply (housing available). There's apartments downtown that are less than 500sq ft that go for over $2K.
I lived in Florida. Loved it! BUT wages are so low and housing so expensive, I moved to Ecuador and work remotely. Now I get to save money.
When he said cheap housing in Florida I laughed. Lived in Miami for 10yrs. Loved it. It was beautiful and warm, but with low wages and insane cost of living we couldn't afford to enjoy it. There is absolutely no affordable housing. We moved to Ohio 50 miles southeast of Cleveland. Currently lots of jobs and cost of living is low. Now we can afford to go on vacation whenever we want. We even bought an RV.
Wow,I am hearing Florida is so much cheaper and better than New York.
@Donald Thompson Yes,I know.
I thought it was crazy that my neighbor, in Florida, sold their house for $736,000 and bought it for the mid 200's less than 5 years ago. The people that moved in were from out of state.
Sounds about right.
It's crazy. My parents bought a short sale house in FL 11 years ago for $150k. Now it's worth $450k or so.
Florida is great because of individual freedoms, I loved living there and one day will come back
I had many premonitions many years ago. Back in 2017 got a 35' bus style motorhome and been living in it ever since. Life is easy and peaceful. Little bit different from house life but not in a bad way. It was a healthy change for me. Best wishes! Hope all is well and safe. Let's all try to be nice to each other & get along.
💪🇺🇸💪
You must rent the Lando that you put your motorhome on and that can be expensive
Where do you park though? Some parks are insisting the motor homes they will accept be no less than 10 years old. Many areas don't even allow motor homes. It seems most dwellings have issues these days.
Perhaps allowing some type of "Tiny House" devopements could be a remedy. McMansions seem so 'Passe'... OR.. perhaps there are simply too many people on this planet?
Personally... I can't take seriously any country that can not even create affordable housing for its citizens.
@@faithrada too many people, people NEED TO STOP BREEDING!
@@ladybug5859 and they only allow you to stay for a short time - that is what I have found anyhow.
What premonitions?
CALIFORNIA has so many homeless people because most of them are from out of states whi moved here for the warm weather and freebies
Really? Wow
In Michigan we have beaches on the Great Lakes. We have 2 world famous colleges. We have an industrial complex that started the Auto industry. We have almost no natural disasters other than a rare tornado. We have an endless supply of freshwater. We have no dangerous wild animals. Our cost of living is medium-low. But thank the Lord we have snow. It never stops snowing in Michigan. You don't want to come here. It's so cold it's always cold it's a horrible place to live LMAO
My sister works with a man who recently moved from FL to PA. Reason: can't get homeowners in FL. Farmers said too much risk in one area
I lived in the Hollywood area working in the 'industry' in the 1970s-1990s. It was a wonderful place to live, the ocean, shopping, entertainment it had everything but finally I just got priced out.
Terrible
I want to see how this story goes now that mandates and companies require people to come back to the office and how rents are skyrocketing in those cheap states.
Exactly...reverse remote work is happening...
just wait 30 more years
@@bm.3759 uh?
That's FALSE
There is no evidence to support any of what u said.
and for that reason im thinking seriously about leaving miami, the cost of life here is crazy. Miami was fine 2 years ago until people started coming here in droves.
Thank you sir! Keep it up!
The influx of people moving to Texas will raise housing prices and other cost of living indices, so that over time Texas becomes the next California. At that point, the flow of businesses will go elsewhere. Texas will boom, just as California did, and have all the same issues.
Yup. Rinse, wash, repeat.
Exactly. It’s already happening. Houses that where 200k now 500k and they’re nothing special
The biggest problem with Texas is the refusal to raise wages to keep up with ANYTHING.
15 years ago my employer was paying $10 an hour which was AMAZING for Texas at the time when most jobs were paying $7.25. Now in 2022, they're still starting people off at $10 an hour...
Too bad inflation, housing & cost of living has skyrocketed, so now that $10 is worth even less than $7.25 minimum wage 15 years ago...
Texas will become the next California with their tornadoes, winter freezes, and hurricanes.
@@corey2232 if you are a regular worker from CA to TX or anywhere in the south you will take a pay cut.
Long story short it’s cheaper for the executives because they don’t have to pay as much in taxes and are allowed to have workers in poorer conditions and lower pay because regulations aren’t as tight in other states like they are in California. Basically the same people that raised the cost of everything in Cali are now the ones complaining about it.
Bingo. They thought these business owners didn't have any other choice except for put up with the increasing taxes and regulations.
Exactly. "Anti business". No, pro worker. What do they think will happen in Texas when all the tech workers, and adjacent fields they bring with them, continue to flock there. Get ready for a blue Texas, and more whining.
It is bad that you can live just as well in other states for 50% of the income it takes to live in California.
Plain and simple, socialist tyrants have destroyed this nation.
@RN G An imbecile declares: "Unfortunately, the internet has a short memory."
'Unfortunately', _you_ haven't a clue *what* 'the internet' is.
The Internet is a vast network that connects computers all over the world facilitating communication. It's memory is virtually limitless.
As a Turkish, I must say that the video was great prepared and well documented. I have always wondered what living in California looks like.
Seriously, these tech companies motives to move to Texas stemmed from their desire not to pay their fair share of taxes and the other to control their workers without legal recourse.
Texas is an at-will state which means these companies can fire and replace you without almost no judicial impunity. Texas is also not very union friendly, something that Elon Musk is very happy about. Exploit the workers, exercise all the racist policies that he was cited for in California, without too much legal recourse.
As it stands, the wages in Austin aren't keeping up with the economic times, similar conditions to California. So, moving over here is going to be a struggle to get workers.
Moreover, these companies came over here for the tax cuts and the welfare the state gives them, all funded by the taxpayers. They don't really have much to lose if they fold up because the taxpayers will absorb the losses.
Your mental outlook needs to stay in California. We like our state as it is.
I grew up in California. Recently we got a job in Oceanside and looking for a rental unit is incredibly frustrating. We ended up getting a $1,350 studio and were lucky to get that. I have no idea how the average worker is making it in Cali
That’s a 3 bed, 2 bath in Texas
You’re a fool paying that for a studio!
Any amount of money is worth not having to live in the toilets called Texas and Florida.
@@Jesseg-rj6xf texas is even more of a natural disaster waiting to happen than California
@@Jesseg-rj6xf Thats awesome. Enjoy it while it lasts. Californians are going to drive up Texas's costs
If people move to a new area just because it's cheap, it won't be cheap for too long.
There must be other reasons to justify moving (climate, access to natural resources, proximity to borders) and nothing beats California
Unfortunately 40 yrs of excessive Left policies have substantially degraded the state.
I'm entrenched and can't stand flatlands, love the High Sierra backcountry, climate, natural landscape, otherwise would probably be packing too.
@@Mrbfgray Floridian here. Rent has doubled since I moved here 10 years ago and we've had nothing but Republicans. Houses keep going up too. Which Right policies will help the average Floridian during these tough times?
@@brodiapunch FL is a 'free state', so naturally everyone is fleeing the Commies and driving up prices there, TX, etc.. Plus the reckless shutdown disaster will still be paid for by your grandchildren. Did you expect no consequences for insane political policies?
Maybe you'd prefer NYC, Los Angeles or Frisco progressive disaster areas? Realize that being anti-leftist does not mean being Republican, it's not a binary world.
@@brodiapunch I've lived in Commiefornia for 42 years now and if you don't get why Florida and it's politics are better, then you don't understand economics. I'd happily trade you my place in CA, for your place in Florida. You can enjoy the high libtard taxes, the crime, the homeless people, the illegal immigrants, the fires, the water shortage, the riots, the lockdowns, the high real estate, the collapsing energy grid, and the state corruption that is Commiefornia.
@@brodiapunch People that think like you are exactly the problem with New York and California. We dont want or need the government to control rent or home prices. And unlike California and New York we dont have a government that thinks over regulation and over taxation is ok.
I got out of California. And I got out of the United States. Where I'm living now, our property tax for a 200 m^2 house is a crushing $300/yr. The cost for good socialized medicine is a back breaking $19/month. OUCH! Life's tough. Time for another cerveza.
People are going where the cost of living and TAXES aren't going to bleed them dry like in states such as California and Illinois.
But when people move to other states, they shouldn't start voting for the same zoning and financial policies or politicians that made life costly enough for them to consider moving in the first place.
There are still jobs that require an in-person presence just as there are jobs that can be done remotely. There can be a balance of the two that benefits everyone.
But if places want to continue squeezing residents in taxation on top of ever rising costs, expect more people to continue to abandon the expensive places I now refer to as tax sink holes.
We need taxes. What we need is more transparency into what they are being spent on and choice on what our taxes go to. I am ok paying more in taxes as long as I continue to benefit from them
@@BRYANWORTHINGTON well, you gotta pay for all those other states not carrying their weight.
how would you feel if you had more insight into where your taxes were going or if you could choose where your money went?
Trust me in southern states you pay taxes….but they are not called taxes but fees on everything that normal people use. Personally I would rather pay taxes for actual infrastructure including education than fake fees for nothing. I can say this because I was marooned in the south for two decades fled back home to the Chicago area 20 years ago. I love living in the Great Lakes area and for the most part am not living in an oven.
We need to let California & NYC just continue on their path. If the wealthy people living their don't mind the high taxes then why should I. I personally left LA back in 2016 and moved to Orlando, but for me it financially makes sense. I'm not rich so for me the ability to keep my same level of income and buy a home closer to family was a no-brainer.
Family is more important than taxes. Glad you got a win win.
I left NYC in 2002 for Texas. Best thing I EVER did. Life was so affordable. Schools for my boys were awesome, light traffic. Fast forward today, the secret is out. And its all going down hill. Crowded, and it has gotten extremely expensive. Not to mention that those coming now are changing the political ground, forgetting the reason the got here.
@@JJ-mn8md I left LA in 2002 too and yeah everyone and their mother is now moving to Dallas
“There”. Not “their”
@@kanegrey7697 wrong
As long as people conflate the price of property with the value of property, we will continue to have policies that prevent the construction of enough housing to reduce the desperation that continues to inflate home prices.
Problem is the wildly inefficient and low quality developments. Instead of proper planning of efficient, higher density, short distanced cities, we’re getting Southern California, Phoenix, Denver, cities upon cities, developments upon developments, highway upon highway, the pointe at this, the commons at that. What makes the prices so high, they’ll only sell for what someone will pay. These Ryan homes going for “starting at the mid $200,000’s” that are only worth less than half of that. How is it that they have to be concerned with people making less than $100,000 per year. Most people make well under that. If you make more, good for you. The smart wealthy person doesn’t spend most of what they make, that’s how they remain wealthy. I could make $300,000 per year, there’s no reason I ought to be out half that for housing.
@@jaysmith1408 I also wanted to bring that up but didn't want my comment to get too long and complicated.
I waiting for Elon musk house 🏡$15000.00 box all
What's the difference between the price of property and the value of property?
@@dwayne_ the price of property is the amount of money exchanged when buying/selling it. The value includes the quality of life it provides for the people living there and the community around it.
One of things that I have always wondered, why aren’t those states creating big innovative companies? Why do they need to lure big tech to their states?
I wonder if it’s funding or something related to that.
States don't create innovative companies. Innovative people do, and California continues to attract a lot of young, innovative people from mostly Asian countries, which is why the loss of several companies attracted by Texas' tax incentives is not hurting California much. In fact, a lot of Californians are pleased that the state has achieved a level of stability instead of the runaway growth (and escalating costs) that had been occurring. Watch as cities like Austin, Phoenix, Tampa, etc. see their infrastructure stretched to the limits because of all the growth, and their quality of life is in decline because of this. States lure tech companies because they tend to offer lots of high-paying, low-polluting jobs which will bolster the tax base and create "good growth". What I've noticed in Texas is that the roads cannot keep-up with the rapidly growing population, cities have to expand outward onto land that used to be green, and a lot of formerly free roads/highways are becoming toll roads. Things are bigger, but not better. As for Elon Muck...adios MFer!
Very informative. Presented in an unbiased format. I love California too. However, we have to make the tax issues more aware to our state legislators.
If you are democrat than you deserve this . High crime , rapes , burglaries assaults . No sympathy. Keep voting for prop 47 and 57 while neutering responsible citizens from protecting themselves
The woman living in Austin saying, "you can live 20-30 mins from the away (from city, I assume) for 300-500K." LOL. Maybe 10 years ago. The cost of renting and real estate in ATX is absolutely skyrocketing right now because of CA and NY people moving here. My rent just went up 20% because of this. I'm now planning my Texas exit.
Bye bye
Oh noo. Boo hoo. Would you look at that. The tables have turned. 🤣🤣
An influx of people is not going to make things more expensive unless there is a shortage of housing. Which there is because of restrictive zoning.
CA has some awful problems-- homelessness, high rent, traffic. The reason all these problems happened is because the rich homeowners in CA tried to exclude everybody else from their city (which is still happening). So they made it illegal to build more housing, and clearly that leads to a housing shortage. The reason Austin is getting so expensive is because they're making the same mistake. Albeit not to the same degree.
@@mariusfacktor3597 you have your information all wrong about housing laws and you clearly don’t live in California. Many states have a homeless problem. Traffic is in a lot of places also, but we have better public transportation than Texas.
@@californiamade5608 I moved from Austin to Los Angeles. I'm seeing both firsthand, and there's mountains of evidence and experts on this issue that say what I'm telling you.
LA and SF have some of the worst homelessness in North America. There's also a housing shortage because many cities in CA have banned building more housing for decades.
Take Santa Monica. In 1970 the pop was 88k. In 2022 the pop is 91k. Wouldn't you think in 52 years more than just 3k people would want to move there? I sure would. It turns out they banned building more housing units for 52 years. And it's not just Santa Monica, it's also Long Beach, West Hollywood, Pasadena, Inglewood, Newport Beach, Los Angeles... the list goes on and on. They made it nearly impossible to build more housing so of course you would end up with a housing shortage.
For a county with 10M residents (the most populous in the country), the public transport in LA County is pitiful. That's only half of the traffic problem. The other half is the layout of the area. It's very low density sprawl with businesses and residents separated by horrible zoning so that no businesses are walking distance from your house.
But you're right that Texas has crap transportation. DART is not extensive enough. Houston has decent buses but that city is a sprawling nightmare. SA has no public transport. And sadly Austin has nearly no public transport-- but they are planning a meager metro.
Florida does not have cheap housing or cheap cost of living. Rather you pay a lot more for what you get. There had always been a housing and COL premium on Florida but now it’s out of control.
It's not that California's business regulations are too tight and business taxs are too high.
It's that other states business laws and taxes are too loose.
Imaging Apple moving to Texas and they have to change their branding to "Designed in Texas" LMAO
These people who moved out will not be able to afford CALIFORNIA when they move back in......
I live in west palm Florida and we just recently hit a market value of 306 billion which all was caused by the amount of new people moving in everything at the moment is through the roof which is crazy considering before covid everything was reasonable but now it seems like a joke
Do you know cracker TC aka Reds? Big Nascar fan bald left handed? Some people be looking for him.
Locals from the states that are growing are now being priced out and having to relocate. It happened to me, in Colorado. In fact, Colorado was the canary in the coal mine, as it was one of the first states that Californians flocked to. In 2004, I was paying $625/mo. for a 1.5 bedroom apartment in Denver. That same unit rents for $1900 now. Wages haven't gone up much, either. And home ownership? Forget it... A starter house is easily $500k and that's in an undesirable area.
I have lived in Florida my whole life. I am going to say it. Florida is FULL. As so many people have moved to the South East I can say that Texas, and Georgia are FULL also. A lot of the other southeast states are getting full. You all need to stay where you are and vote for logical and sensible politicians.
Agreed. My area is bombarded with CA and Texans have moved here. I'm in SE FL. This has driven our housing costs!!
$130k in San Francisco equals $75k in Dallas, not including taxes.
I've turned down lots of jobs in CA, not just because of taxes, but that's part of cost of living
I had to leave LA after 18 years because the rents were unlivable. No one can afford to have a life there! That was mostly due to people migrating from New York to begin with. Now I’ve been in Florida since 2018 where everyone thought it was a joke, now everyone has moved here and they’re ruining it here as well. Nobody can afford to live in Miami. It’s just the same thing over and over again. Gentrification and greed. And the buck is going to stop somewhere, very soon. We’re going to go into a gigantic housing and economic collapse and it’s all because of peoples absolute disregard for reality. Nobody can afford to pay the fees that are being asked. Not everyone is making a six figure income. Stop moving to Florida, just go somewhere else please.
Same here in TN
Lol I’m in south Florida too! Palm Beach is ridiculous a 3bedroom apt is renting for 6K a month plus $175 for parking space and $250 per pet monthly. What a disaster. I purchased in 2008 thank god!
I hear You
I live in Cali for the weather and beauty. The small towns are great. I’m from Florida and it sucks and is expensive now. But I would never run a business in Cali I want to save money on taxes too.
I was born in New York and spent my teenage years living in Greenwich Village.
After WW II I left NYC to go to Denver and get a Degree in Mechanical Engineering. I also discovered the joy of being able to reach ski areas in an hour's drive from downtown Denver.
After traveling a lot as a Field Engineer for aircraft equipment for 5 years and then working in Germany and France for more than 20 years, I have traveled to 36 Countries and lived in 26 cities.
When I retired, my requirements were: small cities / good recreation areas without having to spend hours driving to get there / civilized / cultured /good public transportation / no concrete jungles / no California life where you have to live in a car to get anywhere. Been there; done that.
I moved from Missouri to San diego 6 years ago. I love California but, the extreme high cost of living is caught up to me. I can’t afford to live here anymore. I’m looking at Houston Texas, Las Vegas, or New Mexico. I’m hoping to relocate within a year, buts it’s gotten ridiculous here. I have no incentive to stay here anymore. I don’t care if ppl in Texas want me there, I can give too shots what they think, I’m going to do what’s best for me.
New Mexico is the cheapest, Houston is just as expensive as California. I'm from Florida and left to Kansas City in 2016. Might move to NM myself.
@@richardmossy5540 I started just looking into NM more and I have to say many ppl skip over this place. It’s a gem
@@icecold8974 I know, its def a gem!
Did he really say cheap housing in Florida? Lies. Inflation has never been higher and rent has more than doubled since the pandemic. But minimum wage has remained the same for years. You know where screwed when people making 6 figures a year can't even buy a house in South Florida when they're offering 100k over asking price. The world is in real trouble
Florida is still inexpensive compared to Cali. And minimum wage doesn’t mean matter since wages are determined by supply & demand, not arbitrary laws.
@@TheSterlingArcher16 It’s well on its way to be more expensive and it already is for most working class people. Real estate is also determined by supply and demand, yet YIMBY’s are almost as bad in FL and TX. They’re just Red YIMBY’s and not blue YIMBY’s.
There was all this talk of the wealthy moving to Florida, and businesses investing in and relocating there. With global warming and the melting of the ice sheets in Greenland and Antarctica underway, isn't that business friendly, no state income tax Florida set to be underwater in the next 100 years. Would seem odd to invest in the future of such a natural disaster prone (hurricanes) place, that is already flooding regularly in places like Miami.
Oh wow
watching this after the gavin newson ad.. oh boy- just realized this was 40 mins!
This man opens the vid saying cheap housing in Miami in 10 seconds he saved the next 40 minutes of my day thx
I spent a summer month in Las Vegas during the pandemic. It was 100 degrees all month, no outdoor activities was possible. Meanwhile, it was 80 degrees in CA coastal cities. Not enough people are leaving California.
People think 39.3 million people will just disappear over night 😂😂🙄
I like the Californians that are staying. They seem more preoccupied with beach weather and surfing than making an extra 10 cents on the dollar. It's my vibe )
Texas, Florida, New Mexico and Arizona all have the weather you're describing, but to some variances of course. It is hot, hot hot all summer long in those places. In Austin it gets hot in April and does not let up until October.
staying out of the sun is good. less skin cancer, slower aging.
In Texas, you get winter and summer in the same week, sometimes weather season changes from morning to evening, lol
As a native Californian let me say this: Please don’t come here! We don’t want visitors, we don’t want conservatives, we don’t want anyone here that doesn’t want to be here. If you’re thinking about moving here, DON’T. If you live here and don’t want to be here, LEAVE! We can do without the extra traffic. Much love, thank you!
Some people are leaving other states to go to California.
Moved out of California to Nevada thinking I would save money. Most expenses are cheaper, but gas, food and rent were still really high that combined with lower pay didn't amount to a significant lower cost of living.
Moved from highly taxed, overbearing government Canada to Florida in 2021 and both quality of life and affordability is so much better here.
Not for us who live here. I've been priced out.
Little Bird, let's hope you still feel that way once you get a BIG, US Medical Bill. Will you stay in the US, or go back to the "overbearing Canada Government"?
Enjoy holding a bake sale the next time you need to see a doctor.
Ever since Silicon Valley became, local California government raised absolutely everything, from housing to property from food to gas. Nobody’s fault but your own.
Don't get too comfortable in any of those western states that you consider relocating to. You're going to want to move again somewhere that has water. I also believe that the current residents of California who choose to stay there are likely hoping that half the population packs up and leaves, thereby leaving more California for those few who stay! After all, it has gotten overcrowded out there.
The best time to be in South Florida was when nobody wanted to live here, those of us who saw this place in the 70s and 80s know this.
We had more for far less money, more piers, golf courses, tennis courts, access to beaches parking everywhere for pennies.
Recognize that progress will never benefit the locals, the little guy who just wants to enjoy somewhere, safe quiet fun living. When you see this progress , look for greener pastures, get there before everyone else and enjoy it because it wont last.