Posted on 10/02/2019 10:35:16 PM PDT by wac3rd
I have lived in Jackson, TN all my life. Having said that, if my husband and I could get a job in Middle or East TN, we’d move. West TN is flat. Middle TN is gorgeous and hilly, East TN is Smoky Mountains. Don’t go to Nashville, Memphis, or Knoxville. Liberals rule there. Fall Creek Falls State Park is the best kept secret in TN. Lots of waterfall systems. Near Sparta, TN. Woodbury TN is nice too...outer suburb of Murfreesboro. But don’t live in Murfreesboro proper...that’s where that huge mosque is, and it’s a “Mecca” for new arrivals to the US.
I’ve heard about this exit tax in commiefornia, but no one has ever explained it to us in Free America. What’s the story? How can they tax you after you leave?
“pondering a move from the Golden State to the Nashville area.”
Go east, young man; go east. Nashville is going bright blue quickly.
“Anyone left California for another state?”
In 2010 left SoCal for Knoxville, TN, area — just a few miles west of Knoxville. No regrets.
Culture: Well, it’s the Bible Belt “buckle”, so there’s that.
When we moved there one of the first questions people asked was, “Where do you go to church?” (Not “Do you go to church?” Church is the default mode.)
Politically, it’s conservative.
People are SO nice, and it’s sincere. My husband, who was raised in SoCal was skeptical at first because, “Nobody can be that nice unless they want something from you.” It took about six months, and he figured it out.
If you’re in a restaurant and a table isn’t saying grace, it’s odd.
We found interesting info at www.city-data.com before we moved.
Sales taxes might be higher than normal, but since it’s basically a user fee, I’m OK with that. We’re not in to expensive toys, and don’t like to shop, so it doesn’t impact us much.
We are thrilled with the medical professionals available to us. We worried, coming from CA, but have been more than happy with the dental, primary care, vision, etc., care we have. UT in Knoxville trains veterinarians, and there are many good ones.
No income tax. When we moved, there was a tax on investments. The percentage has decreased each year, and our tax guy says it should be gone in a year or two. (I think I’m remembering that correctly.)
We’re retired, so a younger family like yours might have issues we’re not faced with.
Anyhow, that our short story, FWIW.
Take a look at Huntsville, AL. Just about two hours south of Nashville. Very, very tech oriented. Home of the space program and rapidly growing. Still can get housing at $100/square. Big enough to have most things but not so big it takes hours to get there.
Your question would require a book to describe the differences in the two. One thing, though. In winter, when there's ice on the road, the first thing Nashvillians do is slam on the brakes.
Building a “Winter” home now in Verado, Buckeye AZ. Built our dream home here in Montana 15 years ago and have owned the property almost 25 years.
Left CA 30 years ago.
But old man winter is getting hard to weather up here in the mountains and we have been traveling, snow birding it, for the past several winters, competing with all those Canadians for winter rentals. So we are looking at AZ as a winter home for now. But in a few years we will sell our MT home and live full time in AZ.
When that happens we will be looking for a summer place. Show Low sounds nice. I’ll check it out.
One way they can tax is the “Claw Back” law passed a few years ago that taxes capital gains on investment property that was exchanged for other investment property out of state. We exchanged our California rentals for rental properties in Florida (where we have lived since 2005). But if we ever remove a property from the 1031 protection, we will owe CA taxes on the portion of capital gains earned in CA. We have to file an ‘information return’ each year with Franchise Tax Board to keep them apprised of the status of each property. Apparently too many landlords were taking their investment portfolios out of state, so CA is going after them.
Downtown Memphis is a dangerous place, like Camden NJ or Chicago.
Crime in Memphis, Tennessee. In 2014, the city of Memphis ranked eleventh in violent crimes for major cities around the U.S. ... In 2001, 2005, and 2007, Memphis ranked second most dangerous in the nation among cities with a population over 500,000. It also ranked as most dangerous in 2002.
Here are the 5 worst neighborhoods in Memphis according to data:
Shelby Forest-Frayser.
Parkway Village-Oakhaven.
Downtown.
White Haven-Coro Lake.
Berclair-Highland Heights.
Our children are still stuck there. The place has become a nightmare!
We went back last summer for a brief visit--couldn't wait to get out! My head ached the entire time!
The greatest danger of the California exodus is that those fleeing will afflict the rest of America with the insanity they're fleeing!
It is exactly like the movie classic The Invasion of the Body Snatchers!
The nightmare scenario is Kevin McCarthy standing on I-40 shouting warnings to all the passing cars as truckloads of body-snatcher eggs pass him heading east!
Following. Looking to get out of Commiefornia.
There is no formal *exit tax* per se.
But, the FTB is so evil that given our druthers, most of us would prefer to be chased by the Mafia.
Taxing authorities have virtually no boundaries. Under the full faith and credit clause of the Constitution, one state has to recognize a legit debt owed in another. It can’t be some rando bill collector; they would have to sue and get a judgement first. But, a government taxing authority gets to bypass Due Process.
IOW, the state of Tennessee *should* enforce a tax lien filed by the state of California. Would they? Beats me. It wasn’t worth finding out. Just pay the cockroaches and be done with them.
Until next year, when they pulled exactly the same crap. We’re talking about returns from like 1993. They want to be sure there is no chance that you could defend yourself.
If I hadn’t heard the same story from other refugees, I wouldn’t be so convinced it was an exit tax.
Now that they have a governor even worse than Moonbat, I would. It be surprised if they just make it official.
Obviously you’re in the trenches, unlike me. My question(s) to you then, where are the CompSci/EE/IT grads from places like GaTech, UT, Clemson, USC, UGA, ‘Bama, etc going? Are the H1B visa Indians and Pakistani’s flooding the market?
Tennessee isn’t a One City state anymore, with Nashville being that city. I haven’t traveled much, but if you’re someone that likes the mountains, but not the crazy winters, the Chattanooga area has to be one of the most beautiful places I’ve ever been. Eastern Tennessee, period, is beautiful. But Chattanooga has its fair share of the liberal, hipster plague as well, seeing it from the last time I was there.
I wonder. China is restricting the amount of money they are allowing their citizens to move out of their country, so that may affect near future real estate pricing.
Before moving out of state last fall, we lived in an area of the South Bay where real estate didn't lose much value during the 2000-02 and 2008-09 market downturns.
Despite that, the estimated value of our previous house has lost 5% since we sold it a year ago. That's as bad or worse that it was in the above time periods. Despite a robust tech job environment, other areas (defense being one of them) are taking a hit.
Add that to the homeless camps that are encroaching on cities like Palo Alto, Cupertino, and Los Altos, and it's a matter of time before that will impact real estate values in that area of the state.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.