{"id":13708,"date":"2010-11-23T12:28:36","date_gmt":"2010-11-23T19:28:36","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=13708"},"modified":"2010-11-23T12:28:36","modified_gmt":"2010-11-23T19:28:36","slug":"californias-long-term-real-estate-outlook","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13708\/californias-long-term-real-estate-outlook\/","title":{"rendered":"California’s Long Term Real Estate Outlook"},"content":{"rendered":"

Even though we can’t be sure of what our income tax rate will be for 2011, we do have a kinda sorta idea of the high side, right? Lookin’ for more to be thankful for this Thursday? If you don’t live in California, trust me, be thankful as you anticipate tax day. <\/p>\n

Those who’ve worked hard to produce, often employing breadwinners in the process, will be payin’ almost half of each dollar earned at the margin, if the current federal rates aren’t renewed. In my town you can add the constant irritation of a 9.5% sales tax. Is it really a mystery why so many people and businesses are puttin’ the Golden State in their rear view mirror? <\/p>\n

The seeming paradox<\/strong> is that the population continues its upward trend. That trend has been more or less a net economic positive since the end of WWII. However, in my opinion, that is rapidly changing, and has been for quite awhile. <\/p>\n

The producers are hittin’ the exits.<\/strong> New producers aren’t arriving in nearly large enough numbers to make up the shortfall.\u00a0Smart folk don’t run into a tax chainsaw on purpose.<\/p>\n

When whatever ya wanna call normal<\/em> finally returns to the economic scene, CA will still be a tax tax tax state. And, lest we forget, history shows that those who love taxes also love spending — taxpayer’s money. <\/p>\n

The price of a home will still be, relatively speaking, far more expensive, and much of the time older than their counterparts in other states. Lifestyle? Weather?<\/em> The last few years has shown that those who have the financial option to leave, and many who simply can’t afford to remain,<\/em> are hittin’ the road, Gettin’ Outa Dodge. <\/p>\n

At some point, even great weather and lifestyle become overpriced.<\/strong>
\n\u00a0
\nI speak as a CA native.<\/strong> The trends of the last 20 years or so have saddened me. To each their own, but my view of CA’s real estate future, especially investments, is not positive. I think many have allowed their micro view to override the macro realities. When a state transitions from producer friendly to a taker state, the Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Even though we can’t be sure of what our income tax rate will be for 2011, we do have a kinda sorta idea of the high side, right? Lookin’ for more to be thankful for this Thursday? If you don’t live in California, trust me, be thankful as you anticipate tax day. Those who’ve worked […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,8,5],"tags":[],"class_list":{"0":"post-13708","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-general","7":"category-investment","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":5871,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5871\/one-for-the-authors\/","url_meta":{"origin":13708,"position":0},"title":"One for the Authors…","author":"Eric Blackwell","date":"November 27, 2008","format":false,"excerpt":"One of the things I am most thankful for this Thanksgiving are the people who code, write, and give form to the internet. I am a huge defender of intellectual property rights as well as compensating those with links who author, post, and code on sites around the web. I\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18624,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18624\/overnight-news-health-care-to-be-thankful-for-finding-a-doctor-you-can-trust\/","url_meta":{"origin":13708,"position":1},"title":"Overnight News: Health care to be thankful for: Finding a doctor you can\u00a0trust.","author":"Greg Swann","date":"November 25, 2021","format":false,"excerpt":"I go to a free-market doctor: Cash-and-carry is the ideal, but if you want to get your insurance company involved, you'll be doing all the paperwork. He has zero employees, an out-of-the-way office and a shrine to Charleton Heston in the waiting room. That would be health care for the\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8880,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8880\/green-or-beige\/","url_meta":{"origin":13708,"position":2},"title":"Green or Beige?","author":"Tom Vanderwell","date":"June 10, 2009","format":false,"excerpt":"This afternoon, the Federal Reserve released their Beige Book.\u00a0 What's a Beige Book?\u00a0 It's their report based on observations and comments from people inside the business world on the state of the economy.\u00a0\u00a0\u00a0 I'm going to walk through some \"highlights\" and \"lowlights\" of what's happening.\u00a0\u00a0 My comments are in bold\u2026","rel":"","context":"In "Dirty Laundry"","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3405,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3405\/heres-one-way-to-rid-the-mls-of-overpriced-listings\/","url_meta":{"origin":13708,"position":3},"title":"Here’s One Way To Rid The MLS Of Overpriced Listings","author":"Doug Quance","date":"July 20, 2008","format":false,"excerpt":"This Idea Is Submitted With Tongue Buried Deep In Cheek Sometimes I can only shake my head as I look at some of the listings in the MLS. Most good agents won't take a listing that is overpriced... and if so, it's usually not overpriced by much. When studying recent\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10420,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10420\/what-am-i-thankful-for-that-we-surfed-the-payables-and-survived\/","url_meta":{"origin":13708,"position":4},"title":"What am I thankful for? That we surfed the payables and survived!","author":"Greg Swann","date":"November 25, 2009","format":false,"excerpt":"This time last year, I crashed my car, totaling it. We used the insurance money to pay off our most urgent bills, so we weren't able to replace it for quite a while. 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Among the benefits is being alerted to the fact that someone in\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/13708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=13708"}],"version-history":[{"count":2,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/13708\/revisions"}],"predecessor-version":[{"id":13710,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/13708\/revisions\/13710"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=13708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=13708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=13708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}