LA Loft Blog

REAL ESTATE NEWS

Californians are leaving. Our golden state once attracted millions from other U.S. states to come here. Now, the middle class and lower middle class move away from California to other states at a much faster pace than residents from other states are moving to CA. #california #exodus

Nationally, consumer prices are barely moving, with inflation clocking in at just 1.8% for May. But those who live in a major urban area of California have noticed a much bigger hit. In Los Angeles and Orange counties, consumer prices rose 3.1%. Because food, utilities, housing and gasoline are not included in the statistics, the real inflation figure is much higher. | Blog Video | Parody Video

While most local politicians feel snug and smug with an extremist majority. Moderates on the other hand, are increasingly concerned about misallocation of public funds and lack of proper law enforcement, allowing tent cities another blight conditions that erode livability and value for the middle class. Independent contractors, property owners and business owners are particularly concerned, loudly voicing concerns about rent control, minimum wage and other new laws that restrict and constrict employment in the state. They worry about how ultra-high taxes could hasten capital flight from the state and further erode the tax base as the middle and lower middle class flee to lower cost of living in Arizona, Nevada, Texas and Florida. #homeless #dtla

There is no arguing that the state that once attracting vast numbers of Americans has lost some of its gold rush luster and magnetism. While several other states are worse, losing a larger percentage of interstate movers than California, we are no longer in the top 12 inbound U.S. states, according to the American Moving and Storage Association. Here’s the list of states where Americans are moving to (with percentage moving in instead of moving out):

• Oregon (64 percent)
• Idaho (63 percent)
• North Carolina (61 percent)
• Alaska (60 percent)
• North Dakota (59 percent)
• Florida (58.4 percent)
• Tennessee (58.1 percent)
• Maine (58 percent)
• Alabama (57.1 percent)
• Texas (57 percent)
• Rhode Island (56 percent)
• Washington (55 percent)

According to Reason, statewide rent controls, will further depress housing availability. Things will get even worse after lawmakers make good on their promise to provide single-payer healthcare.

California is soon approaching a drop in the housing market, a drop in the stock market and a massive drop in state revenue. The fleeing middle class will no longer be able to support the wealthy and the poor. The only way to prevent dramatic increases in individual tax burdens, bureaucracy and exploding blight of sh!thole cities is to reign in the extremism of California’s government. We will start by ending the dangerous ban on basic police protection. Along with restoring necessary law enforcement, we will stop the out-of-control spending of countless billions on homeless benefits. These two trends must change together in order to stop attracting more and more homelessness and crime to Los Angeles streets. We will know when Los Angeles, California is at its best, happiest, most successful and most attractive state: Wealthy, poor and middle class must follow the same laws. Women and children will be able to walk and shop in comfort and safety.

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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.