“Well first of all think about this. You are 65 years old you have a house in California that is worth $1 million if you sell it. In Montana you could buy a house for $300,000 and have 700,000 left over to take vacations with, maybe even by a little cottage in Florida on the beach so you don’t have to spend your winters in the cold. Have a good retirement life a lot cheaper than you could if you stayed in California.”
First of all I’m78 and my wife is 76. If we had moved when we were 65, it would have been a whole different story. We are in the process of selling a commercial property we have owned here in CA for the past 18 years It is a multi-million dollar transaction ( and we found out that although Capital Gains taxes are currently 15%, that only applies to transactions that are less than one million dollars! Over that amount, the rate “magically” jumps up to 20% together with a few other “fees” that the Federal Government “levies on the rich!” We also own two homes here, with a combined value of $4 million. But thanks to Prop 13, we have ultra low property taxes which erase that reason for moving. And if we were to sell out, we would end up giving both the State and Federal Government another ton of unearned income. Leaving our real property to our children, means that they will inherit it with NO TAXES paid to either entity. Owing to the mild climate, we also don’t suffer with sky high utility bills as would be the case in places like Montana.
Finally, we, like most people who have put down roots in a place they like to live out their lives, have come to love most of what California has to offer, even though a lit of what has kept us here has been sullied by the RAT government.
So we’re conservatives who have, at least for the present, elected to stay. Besides, the idea of a “little cottage in Florida,” a bigger $hit hole than CA isn’t on our list.
“Finally, we, like most people who have put down roots in a place they like to live out their lives, have come to love most of what California has to offer, even though a lit of what has kept us here has been sullied by the RAT government.”
That’s how I feel about Massachusetts-——love it here,staying here,in spite of the politics.
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Saw some Californians would choose to take your millions and buy a ranch you could buy 20,000 acres. And live next to Ted Turner. But not you I see. that’s fine. But I know that many Californians have and they bring their politics with them.
Saw some Californians would choose to take your millions and buy a ranch you could buy 20,000 acres. And live next to Ted Turner. But not you I see. that’s fine. But I know that many Californians have and they bring their politics with them.