California Exodus Accelerates as Oracle Evacuates to Texas #2020

Last one to leave California, please turn out the lights.

Lunatic Policies Continue to Chase Wealth Out of the State as the Tax Base Dwindles

REAL ESTATE NEWS (LOS ANGELES, CA) — People are leaving in droves. The State of California has its head buried deeply in the sand as looming deficits soar to unimaginable heights. The state’s rapidly failing policies of excessive taxes, soaking the rich, stealing from the middle class and expanding homeless tent cities continues to discourage the biggest and smartest companies in the state. They’re leaving at an accelerating pace.

Yahoo Fake News says the exodus is accelerated by coronavirus. This is a false narrative, as viruses have proven to operate basically the same in all states, spreading and dissipating without much regard to politics. Doctors are being censored when attempting to communicate the truth about the number of deaths being normal, like a typical flu season. It is not a virus, but panic, hysteria, exaggeration and overreaction that have accelerated the already brisk movement of people, wealth and brain power out of the State of California. According to tens of thousands of medical practitioners, heavy-handed lockdown mandated by state politicians has damaged health, wealth and happiness of citizens. Cautioning against fear and unwise practice, a growing number of doctors call it the “greatest hoax ever perpetrated on an unsuspecting public”. Californians will eventually rely on their own eyes to see that fake news and corrupt politicians are wrong.

This week, Oracle announced that it is moving its headquarters to Texas. The fake news blames the virus, but The California Exodus has been happening for years, and was already hitting critical mass before the virus hysteria arrived. Oracle is not moving to Texas to get away from a pandemic. With 135,000 employees, the database giant is moving away for the same reason as Tesla, Hewlett Packard and so many others: California’s extreme economic policies, over-regulation, high cost of living, growing crime and the trend toward telecommuting. Texas Governor Gregg Abbott welcomed Oracle, calling Texas the land of business, jobs and opportunity. | Blog Video

Wealthy, educated people and large employers have no reason to stay where they are not appreciated. When they are over-taxed, over-regulated, stifled and disrespected, they pick up and move to another state, or another country.

The State of California has shortsightedly ignored economic, as well as physical and psychological effects of over-taxation, over-regulation and increasing crime (one friendly local real estate agent was recently robbed at gun point in the Highland Park neighborhood of Los Angeles). In 2020, the myopia has exploded into full hysterics by mainstream lamestream news media, politicians, with irrational support by a significant percentage of a paralyzed population under massive censorship and propaganda by unlawful social media monopolies like Facebook and Youtube.

It’s time to stop believing the virus hype, and time to get concerned about being the last souls left in a struggling state dominated by blight, refuse and tent encampments that are unconstitutionally exempt from most laws. Unless these unwise trends stop quickly, California may not recover any time soon. The wealthy and middle class will continue to leave the state, leaving mostly poverty and blight in the once golden state. It is up to private citizens and small businesses to band together like never before to reverse the bad policies that increasingly threaten our right to life, liberty and the pursuit of happiness in California.

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After massive propaganda and manic mandates, Los Angeles loft dwellers overreact to a typical flu season. Elevator signs in the Eastern Columbia Building: Try to limit no more than two people per elevator. Following the state of California mandates, please use the following precautions on elevators. 1. Use stairs when possible 2. Try to limit no more than two people per elevator 3. Follow the 6 foot rule distancing between others on elevators 4. Wash hands immediately. Face masks are required please act responsibly and wear a face mask covering nose and mouth when in elevators, lobbies, stairwells, halls and garage as well as common areas of the building. Please protect yourself and others.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, 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.

Why Is It Expensive to Leave California?

Is it worth it to leave California?

Because it’s worth it, according to Forbes. After decades of high taxes, things got worse in 2012, and then worse still in 2018. California can assess taxes no matter where you live, so those who want to avoid the aggressive California Franchise Tax Board should be sure to know the rules. Of course, billionaires don’t always care because they have the resources to protect money, or to easily pay any tax.

As the entertainment capital of the world, Los Angeles has unlimited restaurants, shopping and recreation venues. But do we have enough time and money to make it all worthwhile? How much money is left for fun after paying for expenses and taxes?

Most U.S. states have lower income taxes and lower costs of living than CA. These are among the top reasons why many Californians have been moving out of the state. Seven states have no income tax at all, and five states have no sales tax. Nevada and Arizona have been popular destinations for former Californians seeking lower taxes and lower costs of living. | VIDEO

Now that real estate markets a bit expensive and shrinking, many CA home owners are staying put or moving away. The wealthy always have a choice because they can afford any possibility.

Billionaires seem to always seem to find plenty of ways to get a break on their taxes. The average reader of the L.A. Loft Blog has a larger income, along with tremendous smarts. We want to readers to continue to grow and prosper no matter what, so here’s a link to billionaire Tilman Fertitta, star of CNBC’s Billion Dollar Buyer, revealing how he creates billions of dollars of value.

Find out how much your home is worth.

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Los Angeles is lots of fun, but expensive.

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.