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To: drt1

I see 2010 to 2020 period as being an major slowdown on the west coast. Its mostly true in California...but alot of companies are finding Oregon and Washington to be major problem areas as well. I worked with a guy who bought a fantastic house in the late 80s within 40 minutes of the Golden Gate bridge...and he always talked about the view that he had driving into work. But after about seven years of doing that...he started to realize the crime curve, the stupidity of local politicans, and the tax rate....were not improving. He eventually found work in Virginia...sold the house for $100k over what he paid...and walked away to be happy. He still talks to people who stayed...and almost none of them are happy. They all whine...and the tax rate is starting to cut into retirement income. Property taxes are the iceberg to this vessel...and you can't avoid a bad outcome if you stay.


284 posted on 03/18/2005 11:28:44 AM PST by pepsionice
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To: pepsionice
Your are right. The CA economy is slipping despite Arnold's statements to the contrary and the State deficit is not shrinking. The outlook on taxes is not promising.

However, IMO The most pressing issue is the rising cost of living coupled with the continuing, unabated onslaught of Illegals is putting the squeeze on whatever Middle class that can stay. It's only a matter of time before the proverbial Rock meets the Hard Place.

285 posted on 03/18/2005 11:40:56 AM PST by drt1
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