- Fri Mar 01, 2019 10:45 am
#113859
Was reading an economic study on California and the future isn't bright. The politicians have been drawing on State pension plans to pay for perks to get them re-elected and kicking the problem of exhausting the pension plan down the road to the next politician.
Home ownership has grown so expensive that only 23% of families can afford to buy a home. Many of those already owning homes our struggling to keep up with the rising taxes and other rising costs. In the mean time, 80% of new growth in California has been made up of very low income earners (primarily Hispanics), who consume more in taxes than they pay. While tax consumers are growing in numbers, those who pay the most in taxes are leaving California in masses.
Savvy, well healed retirees are selling their homes while the homes still have value and getting the hell out of the State. California has reached the breaking point where socialism has drained the State dry but many who own expensive homes are ignoring the signs and will hang around to lose everything and continue to let the blood suckers, suck them dry before California becomes another Mexico.
Home ownership has grown so expensive that only 23% of families can afford to buy a home. Many of those already owning homes our struggling to keep up with the rising taxes and other rising costs. In the mean time, 80% of new growth in California has been made up of very low income earners (primarily Hispanics), who consume more in taxes than they pay. While tax consumers are growing in numbers, those who pay the most in taxes are leaving California in masses.
Savvy, well healed retirees are selling their homes while the homes still have value and getting the hell out of the State. California has reached the breaking point where socialism has drained the State dry but many who own expensive homes are ignoring the signs and will hang around to lose everything and continue to let the blood suckers, suck them dry before California becomes another Mexico.
- By Clownkicker