I inherited the family ranch (winter home) in CA. I grew up there and still enjoy spending the winters, but we moved to a tax shelter state 7 years ago when I took over the family farm and I feel for those who live there and have to try to make a living. There is no way we could afford a home if I hadn’t inherited one.
I really feel for people trying to buy a home here in Sacramento. The influx of Bay Area and Davis residents has pushed home values up close to pre 2007 prices. As soon as I can convince the wife to sell we are taking our loot to a tax friendly state. I have nothing in common with the people I live around.
I live in New York (not NY City). We love the seasons and forests, but the leftists here are only 1-2 steps behind Calif. Governor moonbeam and his leftist-climate cult religion.
What "tax-shelter" states do you suggest?