Tag: california exodus

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The Glen Donald Building LA and California Exodus

REAL ESTATE NEWS

The historic Glen Donald Building offers smaller units with lower prices, lower HOA dues and lower taxes.

Los Angeles, CA —  In keeping with the powerful combination of truth and light, the Loft Blog addresses two conflicting aspirations for a satisfying lifestyle.  The first is the desire to improve our lives by living in an amazing, efficient property amid the best shopping, dining, entertainment and transportation. Secondly, we want to live in place we can trust, where we feel safe, creatively fulfilled and economically stable. With more awareness of the pros and cons of urban living, we can take full advantage of modern metropolitan opportunities, and reduce our exposure to the dangers and down sides of big city chaos. | Blog Video

The Glen Donald Building, at 2121 James M Wood Blvd in the Westlake neighborhood of Los Angeles, is an historic condominium building with mostly small studio to medium-sized one-bedroom units, around 300 square feet to 700 square feet or so, occasionally For Sale or For Lease.  See more Glen Donald information and listings.


Californians Leaving the State and Moving to Texas

The State of California today attracts poverty, while chasing away wealth at breakneck speed.  The state once attracted millions of residents from other states across the country, but now, the once-golden state is losing residents faster to other states.  With high taxes and high housing costs, more residents consider moving, especially retirees and younger peeps who can telecommute.

Making matters worse, the single-party echo chambers of politicians accelerate implementation of radical policies that are most closely attuned to failed socialist states, not prosperous ones.  The growing exodus, brain drain and evaporation of wealth coincides with the fastest growing sprawl of homeless tent encampments and garbage piles in recent history.  Virus hysteria and authoritarian government-mandated lockdown have quickened the pace of California’s decline.  As if things could not get worse, the city has seen the most dramatic explosion of violent crime since the economic stagnation of 1970s.

The sour icing on the California collapse cake is composed of increasing tax burdens at precisely the wrong time, further disincentive for the wealthy and middle class to remain. International wealth guru Andrew Henderson of Nomad Capitalist advises rich folks to not even consider visiting California any more because of the growing risk of massive unexpected tax events.  The result for California is continued expansion of the struggling, poor and homeless, but with fewer wealthy and middle class willing to stick around to pay for the increasing burdens. Check out CNBC’s special, What’s Driving California’s Mass Exodus?

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Drive-by shootings explode. The rich burn rubber to leave Los Angeles spinning its wheels.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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. 

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California Exodus – Middle Class Moves Out of CA as Homeless Move into Los Angeles

Free camping, lack of law enforcement attract derelict motorhomes and refuse to LA streets

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

VIDEO

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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Amazing Alta Lofts condominiums obscured by motor-homeless and encroaching tent cities.

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.