Wakeboarder Forum Index

 
 FAQFAQ   SearchSearch   MemberlistMemberlist   StatisticsStats   FavoritesFavorites   RegisterRegister   ProfileProfile   Log in to check your private messagesLog in to check your private messages  Log inLog in 
BlogsBlogs   

los angeles is about to be completely f*ed
Goto page Previous  1, 2, 3 ... 13, 14, 15, 16  Next
 
Post new topic   Reply to topic    Wakeboarder Forum Index -> Non-Wakeboarding
View previous topic :: View next topic  
Author Message
ohsix
PityDaFool Who Posts This Much
PityDaFool Who Posts This Much


Joined: 12 Jan 2003
Posts: 6836

PostPosted: Jan 21, 2014 11:18 am    Post subject: Reply with quote

Looks like all of the criteria for that map were "per capita". The population of states 1-5 give them a huge advantage in any per capita numbers. South Dakota and Nebraska shouldn't be benefiting much from the current oil boom as there's very little production there compared to Colorado, Kansas, and Oklahoma. Ag (corn/ethanol) is probably what's making Nebraska so healthy, and South Dakota has some ag, a big air force base which is probably the state's largest employer, and is the corporate headquarters to some large corporations because of their favorable business laws. North Dakota is due to the oil boom. Wyoming has a really small population, some oil and gas, has the coal market cornered, and some really rich residents in Jackson.
Back to top
View user's profile Send private message Send e-mail
eeven73
PityDaFool Who Posts This Much
PityDaFool Who Posts This Much


Joined: 16 Jan 2003
Posts: 5376
City: Halfway

PostPosted: Apr 09, 2014 7:22 am    Post subject: Reply with quote

Quote:
Which metro area in the U.S. has suffered a greater economic collapse over the last two decades than Detroit? Hint: It's a common fundraising stop for President Obama. The answer, according to a new UCLA Anderson School of Management study, is Los Angeles.

Th researchers say Los Angeles has lost 3.1% of its employment base since 1990, more than Cleveland (-0.2%) and Detroit (-2.8%). Job growth over the same period has exceeded 50% in Phoenix, Orlando, Las Vegas, San Antonio, Houston and Dallas. Los Angeles "displays a tale of two cities in terms of job growth," the study notes. "From 2005 to 2012, West L.A. had a payroll job growth of 3% while the rest of L.A. took a 5.1% hit in job loss."

Unemployment in tony Manhattan Beach is 3.1% compared to 8.9% for Los Angeles County and 11.3% in the east L.A. suburb of Baldwin Park where more than 80% of residents are Latino. The poverty rate is 2.9% in Manhattan Beach (85% white) versus 26.8% in East Los Angeles and 26.2% in Compton, which are predominantly black and Latino.

The economists offer three reason for the east-west bifurcation: high cost-of-living, low human capital and an unfriendly business environment. Limited residential building permits have squeezed the housing supply and driven up costs, making it harder to attract and keep middle-income workers. Los Angeles County experienced a net domestic migration outflow of 115,651 residents between 2007 and 2011.

Meantime, "the exodus of high-skill workers due to the contraction of the aerospace industry out of L.A." has depressed the region's labor talent. L.A.'s public schools have failed to fill this skills gap.

The study says that flourishing metro areas like Houston and San Antonio with low-educated workforces make up for their skills deficit by being far more hospitable to business. San Antonio and Houston received an overall grade of A+ on the 2013 Thumbtack Small Business Friendliness Survey. Los Angeles County got a D. (Tax code D+; licensing D; regulation D; zoning D; ease of starting a business D+.) L.A.'s hostile business environment harms the poor and middle class far more than the affluent.

The theme of Governor Jerry Brown's re-election campaign is that California is back, baby. Maybe for the sultans of Hollywood, but the poor in East L.A. aren't feeling that happy days are here again.

_________________
Is President Obama a Keynesian?
Back to top
View user's profile Send private message Send e-mail
chavez
Ladies Man
Ladies Man


Joined: 22 Sep 2003
Posts: 27357
City: Roseville

PostPosted: Apr 09, 2014 8:12 am    Post subject: Reply with quote

Quote:
The theme of Governor Jerry Brown's re-election campaign is that California is back, baby. Maybe for the sultans of Hollywood, but the poor in East L.A. aren't feeling that happy days are here again.

Maybe for the sultans of Hollywood? Did Simple Jack write that line for this person?

East LA is depressed and so is Compton? No shite? Whatcha gonna tell me next, that Oakland and South Sac are depressed too? SHOCKER!

_________________
Quote:
That's Mr. Gingermex to you a$$hole.


RIP MHL 04/25/1958 - 01/11/2006
Back to top
View user's profile Send private message Blog Visit poster's website
Nor*Cal
Ladies Man
Ladies Man


Joined: 12 Jan 2003
Posts: 9478
City: Sac

PostPosted: Apr 09, 2014 8:41 am    Post subject: Reply with quote

I think the recovery in general is a two-sided story.

When under-employment is accounted into these numbers the picture is not that pretty. Lots of Boomers who are overstaying their welcome in the workplace that is keeping my/our generation down and the younger generation out of jobs and income brackets their parents enjoyed at the same age with similar work experience.

Not so much the 1% vs the 99% as the grey vs. the young. Remember the biggest liabilities in all levels of government and entitlement programs that are sacred cows in politics are those that will be enjoyed by the generation the wrote the rules that lead to the crash and losses that have kept them in the workplace. All the while our generation will finance their mistakes and lose economic opportunity because of their policies.

While they bitch about their adult children living at home, that's the economy they created...

_________________
If I agreed with you we would both be wrong.
Back to top
View user's profile Send private message Send e-mail
eeven73
PityDaFool Who Posts This Much
PityDaFool Who Posts This Much


Joined: 16 Jan 2003
Posts: 5376
City: Halfway

PostPosted: Apr 09, 2014 8:45 am    Post subject: Reply with quote

^ well put.

I have had a number of conversations with older(in there 60s) business associates who claim the only reason they are not retired is healthcare. No way they could afford the quality of the policy they have independently.

_________________
Is President Obama a Keynesian?
Back to top
View user's profile Send private message Send e-mail
chavez
Ladies Man
Ladies Man


Joined: 22 Sep 2003
Posts: 27357
City: Roseville

PostPosted: Apr 09, 2014 9:21 am    Post subject: Reply with quote

eeven73 wrote:
^ well put.

I have had a number of conversations with older(in there 60s) business associates who claim the only reason they are not retired is healthcare. No way they could afford the quality of the policy they have independently.

One of the #1 reasons I've told my father not to retire until he's 65.

I told him if he wants to retire at 62, he needs to have enough in a separate fund to cover his premiums for 3 years along with the max OOP for those years. Conservatively, I figure he needs to have 40-50k set aside for this. Truthfully, he may be able to finance that when he sells his house, but I didn't tell him that.

_________________
Quote:
That's Mr. Gingermex to you a$$hole.


RIP MHL 04/25/1958 - 01/11/2006
Back to top
View user's profile Send private message Blog Visit poster's website
eeven73
PityDaFool Who Posts This Much
PityDaFool Who Posts This Much


Joined: 16 Jan 2003
Posts: 5376
City: Halfway

PostPosted: Apr 23, 2014 8:00 am    Post subject: Reply with quote

Thought this was interesting and fit here.

I am sure NorCal has some perspective on this.


http://online.wsj.com/news/articles/SB10001424052702303626804579507840884336078

Quote:
So far the auctions have generated $1.5 billion, but cash will start to pour in next year when the cap is applied to fuel suppliers, which account for nearly 40% of the state's greenhouse gas emissions. Revenues will balloon as the California Air Resources Board reduces both the cap and the free allowances. The state legislative analyst predicts that cap and trade will raise between $12 billion and $45 billion in toto by 2020.

While state law requires that these cap-and-trade "fees" fund programs that reduce greenhouse gas emissions, Governor Jerry Brown last year seized, er, "borrowed" nearly all of the auction proceeds for general-fund expenses. Mr. Steinberg now plans to raise Mr. Brown by spending future cashflows on his personal favorites: 40% for "sustainable communities" (i.e., affordable housing in urban areas); 30% for mass transit; 20% for high-speed rail; and 10% for roads and bike paths.


Quote:
California gas prices are the nation's second highest after Hawaii and about 55 cents more than the national average. Lo, the Western States Petroleum Association estimates that cap and trade will cost consumers 12 cents more per gallon next year, and Mr. Steinberg has warned that gas prices could spike by 40 cents per gallon.

Neither estimate accounts for the impact of the state's low-carbon fuel standard, which kicks into high gear next year. The Boston Consulting Group in 2012 figured that the one-two punch will slap an extra $0.49 to $1.83 per gallon onto the price of gas by 2020


That would be $6.30 ish per gallon(high end) right?

_________________
Is President Obama a Keynesian?
Back to top
View user's profile Send private message Send e-mail
eeven73
PityDaFool Who Posts This Much
PityDaFool Who Posts This Much


Joined: 16 Jan 2003
Posts: 5376
City: Halfway

PostPosted: Apr 23, 2014 8:03 am    Post subject: Reply with quote

Full article.

I don't know why you can google and get full article but if linked you have to have subscription.

Quote:
California seems to be the place where bad ideas go to live—and reproduce. Behold Senate president Darrell Steinberg's brainstorm to spend cap-and-trade revenues on income redistribution and the state's bullet train, among other boondoggles.

The Senate leader last week proposed a "long-term investment strategy" to divvy up the revenues from California's cap-and-trade program, which requires businesses that emit more than 25,000 carbon metric tons annually to purchase permits for the privilege. The state is now giving away about 90% of permits for free and auctioning off the rest.


California Gov. Jerry Brown. Getty Images
So far the auctions have generated $1.5 billion, but cash will start to pour in next year when the cap is applied to fuel suppliers, which account for nearly 40% of the state's greenhouse gas emissions. Revenues will balloon as the California Air Resources Board reduces both the cap and the free allowances. The state legislative analyst predicts that cap and trade will raise between $12 billion and $45 billion in toto by 2020.

While state law requires that these cap-and-trade "fees" fund programs that reduce greenhouse gas emissions, Governor Jerry Brown last year seized, er, "borrowed" nearly all of the auction proceeds for general-fund expenses. Mr. Steinberg now plans to raise Mr. Brown by spending future cashflows on his personal favorites: 40% for "sustainable communities" (i.e., affordable housing in urban areas); 30% for mass transit; 20% for high-speed rail; and 10% for roads and bike paths.

To appease green groups and Tesla CEO Elon Musk, he also wants an additional $200 million each year for "natural resource, waste, and water" (e.g., wetland development, recycling and "clean vehicles"), and $200 million for "electric vehicle deployment." Another $10 million in "green bank funding" would go toward bolstering the $200 million the state spends annually subsidizing electric cars and "alternative fuel" dreams. In case these investments don't pan out, the Senate leader suggests a $200 million "climate dividend for transportation consumers."

This rebate would come on top of the $750 million "climate credit" that the California Air Resources Board has required utilities to pay electricity consumers annually to compensate for the soaring cost of renewables. Mr. Steinberg's "climate dividend," as he calls it, is likewise intended to offset rising gas prices caused by the state's green policies.

California gas prices are the nation's second highest after Hawaii and about 55 cents more than the national average. Lo, the Western States Petroleum Association estimates that cap and trade will cost consumers 12 cents more per gallon next year, and Mr. Steinberg has warned that gas prices could spike by 40 cents per gallon.

Neither estimate accounts for the impact of the state's low-carbon fuel standard, which kicks into high gear next year. The Boston Consulting Group in 2012 figured that the one-two punch will slap an extra $0.49 to $1.83 per gallon onto the price of gas by 2020.

The kicker is that Mr. Steinberg's spending plans would all be subject to annual legislative appropriations except for high-speed rail, whose revenue stream would be guaranteed. The Senate leader suggests that the cap-and-trade revenues could be securitized to finance the $68 billion bullet train.

Just one problem: The cap-and-trade revenues must be used to reduce carbon emissions, and as the state legislative analyst has noted, the train's construction will increase emissions. The state Air Resources Board has endorsed the high-speed rail authority's plan to circumvent this annoying legal requirement by recycling concrete and steel from demolition, planting thousands of trees as well as purchasing "farmland conservation easements" and low-polluting school buses—which merely demonstrates the board's farcical carbon-accounting rules.

We've written for years that cap and trade's real purpose was to create another revenue stream for politicians, and California businesses are suing the board for illegally imposing a tax disguised as a regulatory fee. Mr. Steinberg's "investment strategy" proves their case.

_________________
Is President Obama a Keynesian?
Back to top
View user's profile Send private message Send e-mail
Nor*Cal
Ladies Man
Ladies Man


Joined: 12 Jan 2003
Posts: 9478
City: Sac

PostPosted: Apr 24, 2014 11:34 am    Post subject: Reply with quote

eeven73 wrote:
Thought this was interesting and fit here.

I am sure NorCal has some perspective on this.


http://online.wsj.com/news/articles/SB10001424052702303626804579507840884336078

Quote:
So far the auctions have generated $1.5 billion, but cash will start to pour in next year when the cap is applied to fuel suppliers, which account for nearly 40% of the state's greenhouse gas emissions. Revenues will balloon as the California Air Resources Board reduces both the cap and the free allowances. The state legislative analyst predicts that cap and trade will raise between $12 billion and $45 billion in toto by 2020.

While state law requires that these cap-and-trade "fees" fund programs that reduce greenhouse gas emissions, Governor Jerry Brown last year seized, er, "borrowed" nearly all of the auction proceeds for general-fund expenses. Mr. Steinberg now plans to raise Mr. Brown by spending future cashflows on his personal favorites: 40% for "sustainable communities" (i.e., affordable housing in urban areas); 30% for mass transit; 20% for high-speed rail; and 10% for roads and bike paths.


Quote:
California gas prices are the nation's second highest after Hawaii and about 55 cents more than the national average. Lo, the Western States Petroleum Association estimates that cap and trade will cost consumers 12 cents more per gallon next year, and Mr. Steinberg has warned that gas prices could spike by 40 cents per gallon.

Neither estimate accounts for the impact of the state's low-carbon fuel standard, which kicks into high gear next year. The Boston Consulting Group in 2012 figured that the one-two punch will slap an extra $0.49 to $1.83 per gallon onto the price of gas by 2020


That would be $6.30 ish per gallon(high end) right?


This is directly related to one of the biggest contracts I have and is in fact a policy I've been working on for the last 8 years.

Is cap-and-trade allowances are $10/ton then gas will go up $0.10. That said how the revenues are spent can create a positive or negative effect on costs... Say instead of pork we applied those dollars to let's say dividends to ratepayers and taxpayers... The costs of reductions would be close to neutral.

Stienberg is wrong on this issue and wanted a straight up carbon tax. His law degree has never really helped him in the math or economics category but he sees dollars and has found a coalition to back how he wants to spend them, low-income housing and infill construction.

_________________
If I agreed with you we would both be wrong.
Back to top
View user's profile Send private message Send e-mail
eeven73
PityDaFool Who Posts This Much
PityDaFool Who Posts This Much


Joined: 16 Jan 2003
Posts: 5376
City: Halfway

PostPosted: Apr 25, 2014 7:49 am    Post subject: Reply with quote

So the final sentence of the piece is dead on balls accurate?
_________________
Is President Obama a Keynesian?
Back to top
View user's profile Send private message Send e-mail
Nor*Cal
Ladies Man
Ladies Man


Joined: 12 Jan 2003
Posts: 9478
City: Sac

PostPosted: Apr 25, 2014 11:38 am    Post subject: Reply with quote

eeven73 wrote:
So the final sentence of the piece is dead on balls accurate?


Yup. We (my clients and coalitions I organize) have stopped any carbon tax and for 4 years defended cap-and-trade revenues. Term limits have not helped us and we finally lost that fight last year. Since then all the hogs have come to the trough.

_________________
If I agreed with you we would both be wrong.
Back to top
View user's profile Send private message Send e-mail
jt09
Ladies Man
Ladies Man


Joined: 16 Jan 2003
Posts: 22040
City: Austin

PostPosted: Apr 27, 2014 5:16 pm    Post subject: Reply with quote

Toyota moving 1000s of jobs from CA headquarters to TX


Worldwide automotive giant Toyota plans to move a big chunk of its U.S. headquarters from California to West Plano.

Toyota is negotiating to purchase an office site in Legacy business park where it would locate more than 4,000 workers.

The automotive manufacturer has been in talks for months with real estate owners and developers in Plano, real estate brokers familiar with the project say.

Toyota plans to seek incentives from the City of Plano and the State of Texas for the move, which is scheduled to be announced on Monday.


...Developers and brokers say the plan is for Toyota to build offices with 1 million to 1.5 million square feet – about the same amount of office space that’s in a downtown Dallas skyscraper.

Brokers say the company has zero in on a location adjacent to J.C. Penney’s corporate headquarters near the southwest corner of the Dallas North Tollway and State Highway 121.

That’s the same area where Fedex Office is now building its new 265,000-square-foot U.S. headquarters in the Legacy West complex.

The planned Toyota campus would be almost as big as State Farm Insurance’s huge regional office under construction in Richardson.

It would be the largest such out-of-state move to Legacy business park since J.C. Penney relocated from Manhattan to Plano in the 1980s.

http://www.dallasnews.com/news/local-news/20140427-toyota-preparing-to-move-u.s.-sales-headquarters-to-west-plano-sources-say.ece
Back to top
View user's profile Send private message
scott a
Ladies Man
Ladies Man


Joined: 13 Jan 2003
Posts: 9810

PostPosted: Apr 27, 2014 9:31 pm    Post subject: Reply with quote

jt09 wrote:
Worldwide automotive giant Toyota plans to move a big chunk of its U.S. headquarters from California to West Plano.
So...they're moving their customer support over to Texas like Apple did? Arrow Arrow
_________________
www.TheLiquidPlayground.com
Integrity Wakeskates
Back to top
View user's profile Send private message Blog
jt09
Ladies Man
Ladies Man


Joined: 16 Jan 2003
Posts: 22040
City: Austin

PostPosted: Apr 28, 2014 4:08 am    Post subject: Reply with quote

my bad -- thought that article had the roles. here:
Quote:
Toyota Motor Corp. is moving substantial parts of its U.S. headquarters in Torrance, California, to suburban Dallas as the world’s largest automaker seeks savings from its U.S. sales unit, said people familiar with the matter.

Employees will be informed of the plan tomorrow, said the people, who asked not to be identified disclosing private conversations. Steve Curtis, a Toyota spokesman, didn’t immediately return a call on the matter.

The surprise move is a blow to the Golden State, the biggest U.S. auto market and proponent of the strictest clean-air rules. Toyota’s Prius hybrid has been California’s top-selling model for the past two years and helped secure a leading 22 percent market share. It also represents a victory for Texas Governor Rick Perry, who’s made repeated visits to California to lure businesses to his state with promises of lower taxes and easier regulations.

...Toyota has more than 5,300 California employees, most at its Torrance campus in sales, finance, marketing, engineering and product planning. Details on which functions will move and when may be announced as soon as tomorrow, after the employee meeting.
Back to top
View user's profile Send private message
eeven73
PityDaFool Who Posts This Much
PityDaFool Who Posts This Much


Joined: 16 Jan 2003
Posts: 5376
City: Halfway

PostPosted: Apr 28, 2014 6:41 am    Post subject: Reply with quote

Nor*Cal wrote:
eeven73 wrote:
So the final sentence of the piece is dead on balls accurate?


Yup. We (my clients and coalitions I organize) have stopped any carbon tax and for 4 years defended cap-and-trade revenues. Term limits have not helped us and we finally lost that fight last year. Since then all the hogs have come to the trough.


It's not about saving the earth, reducing carbon footprint, stopping global warming or any of that stuff. It's about money, how to get more and spend more money.

_________________
Is President Obama a Keynesian?
Back to top
View user's profile Send private message Send e-mail
Nor*Cal
Ladies Man
Ladies Man


Joined: 12 Jan 2003
Posts: 9478
City: Sac

PostPosted: Apr 29, 2014 10:34 am    Post subject: Reply with quote

eeven73 wrote:
It's not about saving the earth, reducing carbon footprint, stopping global warming or any of that stuff. It's about money, how to get more and spend more money.


We have both constituencies here. Both happen to be from the same party so that helps. It makes it hard to argue good policy when the majority party is busying infighting for absurd purposes.

_________________
If I agreed with you we would both be wrong.
Back to top
View user's profile Send private message Send e-mail
eeven73
PityDaFool Who Posts This Much
PityDaFool Who Posts This Much


Joined: 16 Jan 2003
Posts: 5376
City: Halfway

PostPosted: May 02, 2014 6:22 am    Post subject: Reply with quote

Quote:
Governor Jerry Brown's California comeback tour was rudely interrupted this week by news that Torrance-based Toyota is moving to Plano, Texas. The runaway car maker shines a headlight on how the South is overtaking California as a commercial and industrial power.

In addition to its sales headquarters, Toyota says it plans to move 3,000 professional jobs to the Dallas suburb to centralize operations and improve efficiency. Toyota established its first U.S. offices in Los Angeles in 1957 because of its proximity to southern California's major ports. However, port access has become less important since most Toyotas sold in the U.S. today are manufactured in North America and principally in the South.

In 2006, Nissan 7201.TO -0.79% moved its headquarters from Gardena—north of Torrance—to Franklin, Tennessee. CEO Carlos Ghosn cited Tennessee's lower business costs. Texas promised Toyota $40 million in relocation assistance, which is small change nowadays, but Toyota's chief executive for North America Jim Lentz stressed that its move isn't motivated by incentives. He listed the friendly Texas business climate, proximity to other Toyota operations and two major airports, as well as such lifestyle benefits as affordable housing and zero income tax.

The bigger picture is that Texas has become more economically competitive while California has become less so, particularly for energy- and labor-intensive industries. Let us count the ways.

Start with right-to-work laws in southern states that have limited unionization and thus labor costs. Just 4.8% of workers in Texas and 6.1% in Tennessee belong to a union compared to 16.4% in California. Real estate is also cheaper in the South due to less restrictive zoning and environmental regulations, and taxes are lower. According to the Tax Foundation, the state-local tax burden is more than 50% higher in California than in Tennessee and Texas, which don't levy a personal income tax. California's top 13.3% marginal rate is the highest in the country.

Enlarge Image

Reuters
Electricity prices are also about 50% higher in California than in the South due to the Golden State's renewable-energy mandate, and its gas is 70 to 80 cents per gallon more expensive because of taxes and blending requirements.

The hostility to fossil fuels has cut California's oil production in half from its 1985 peak while output in Texas has doubled in three years and lifted incomes. The Bureau of Economic Analysis has ranked Midland the country's fastest growing metropolitan area in personal income for the past three years. Nearby Odessa was second for the last two. Between 2008 and 2012, personal income grew 8.05% in Midland and 6.98% in Odessa compared to 4.48% in San Jose and 1.81% in Los Angeles. In March, the unemployment rate was 3.2% in Odessa versus 6.8% in San Jose and 9.7% in L.A.

No city epitomizes California's malaise better than Los Angeles, which hasn't recovered its mojo since the post-Cold War aerospace wind-down. Since 1990 its employment base has declined by 3.1%, which is more than even Detroit (-2.8%). Job growth in Dallas, Houston and San Antonio exceeded 50% over the same period.

According to a report last year by the Los Angeles 2020 Commission, led by such Democratic grandees as Mickey Kantor, Gray Davis and Hilda Solis, Los Angeles added one million new residents between 1980 and 2010 but lost 165,000 jobs. L.A.'s poverty rate of 17.6% is higher than any other major American city. The city has developed a "barbell" economy "typical of developing world cities, like São Paulo," the report notes, with "growth at the top of the income ladder and at the bottom, while the middle class shrinks year after year."

This is an artifact of the implosion of the city's industrial base, which continues to bleed middle-class jobs. In 2011, Northrop Grumman NOC +0.44% moved its headquarters to West Falls Church, Virginia from Century City. Raytheon RTN +0.80% just relocated its space and airborne systems from El Segundo to McKinney, Texas.

Since 2011 more than two dozen California companies including Titan Laboratories, Xeris Pharmaceuticals, Superconductor Technologies, SCON -1.81% Pacific Union Financial and Med-Logics have relocated in Texas. Dozens of others such as Roku, Pandora and Oracle ORCL +0.45% have expanded there. According to TechAmerica Foundation, Texas in 2012 surpassed California in high-tech exports. The completion of the Panama Canal's expansion next year will further erode what's left of California's commercial edge.

Some will reply that Silicon Valley is booming, which it is, but the growth hasn't bubbled out. Unemployment is above 13% in the Central Valley, 9.4% in Southern California's inland empire and 8% in the Los Angeles metro area, which includes tony areas on the Westside and Orange County. The jobless rate is 5.4% in the Nashville metro region and 5.3% in Dallas.

Mr. Brown, promoting his re-election tour, doesn't seem all that concerned that California's middle-class jobs engines are fleeing. "We've got a few problems, we have lots of little burdens and regulations and taxes," the Governor said on Monday, "but smart people figure out how to make it." California's problem is that smart people have figured out they can make it better elsewhere.

_________________
Is President Obama a Keynesian?
Back to top
View user's profile Send private message Send e-mail
chavez
Ladies Man
Ladies Man


Joined: 22 Sep 2003
Posts: 27357
City: Roseville

PostPosted: May 02, 2014 6:42 am    Post subject: Reply with quote

I get all the obvious economic reasons for this move, but I have to question how thrilled the staff is going to be about moving from spitting distance to the Pacific over to Plano.

There is a reason people live in coastal SoCal, and Plano has zero of it. None.

_________________
Quote:
That's Mr. Gingermex to you a$$hole.


RIP MHL 04/25/1958 - 01/11/2006
Back to top
View user's profile Send private message Blog Visit poster's website
eeven73
PityDaFool Who Posts This Much
PityDaFool Who Posts This Much


Joined: 16 Jan 2003
Posts: 5376
City: Halfway

PostPosted: May 02, 2014 6:44 am    Post subject: Reply with quote

Jt, what say you?
_________________
Is President Obama a Keynesian?
Back to top
View user's profile Send private message Send e-mail
chavez
Ladies Man
Ladies Man


Joined: 22 Sep 2003
Posts: 27357
City: Roseville

PostPosted: May 02, 2014 6:48 am    Post subject: Reply with quote

eeven73, there's not much to say there. The geography and climate is what it is.
_________________
Quote:
That's Mr. Gingermex to you a$$hole.


RIP MHL 04/25/1958 - 01/11/2006
Back to top
View user's profile Send private message Blog Visit poster's website
eeven73
PityDaFool Who Posts This Much
PityDaFool Who Posts This Much


Joined: 16 Jan 2003
Posts: 5376
City: Halfway

PostPosted: May 02, 2014 6:51 am    Post subject: Reply with quote

http://www.zillow.com/homes/for_sale/Plano-TX/53068086_zpid/53915_rid/4-_beds/3-_baths/2500-2800_size/priced_sort/33.161122,-96.595917,32.961146,-96.877098_rect/11_zm/0_mmm/

2800 sqft $220K

http://www.zillow.com/homes/for_sale/Torrance-CA/21278084_zpid/54722_rid/4-_beds/3-_baths/2500-2800_size/priced_sort/33.932821,-118.202591,33.734619,-118.483772_rect/11_zm/0_mmm/

2800 sqft $770K


$3121.80 vs. 891.77 on a 20% down 30 year mortgage

$2230 per month extra in your pocket buys alot of happiness.

_________________
Is President Obama a Keynesian?
Back to top
View user's profile Send private message Send e-mail
chavez
Ladies Man
Ladies Man


Joined: 22 Sep 2003
Posts: 27357
City: Roseville

PostPosted: May 02, 2014 6:56 am    Post subject: Reply with quote

You know that old real estate addage, the three L's....


I already noted I understand the economic benefits of the move.

_________________
Quote:
That's Mr. Gingermex to you a$$hole.


RIP MHL 04/25/1958 - 01/11/2006
Back to top
View user's profile Send private message Blog Visit poster's website
eeven73
PityDaFool Who Posts This Much
PityDaFool Who Posts This Much


Joined: 16 Jan 2003
Posts: 5376
City: Halfway

PostPosted: May 02, 2014 7:00 am    Post subject: Reply with quote

No....... you said the people moving are not going to be thrilled.


27,000 in extra pocket money every year buys alot of thrilled in the existential money= happiness sort of way.

_________________
Is President Obama a Keynesian?
Back to top
View user's profile Send private message Send e-mail
chavez
Ladies Man
Ladies Man


Joined: 22 Sep 2003
Posts: 27357
City: Roseville

PostPosted: May 02, 2014 7:01 am    Post subject: Reply with quote

chavez wrote:
I get all the obvious economic reasons for this move, but I have to question how thrilled the staff is going to be about moving from spitting distance to the Pacific over to Plano.

There is a reason people live in coastal SoCal, and Plano has zero of it. None.


Ahem

_________________
Quote:
That's Mr. Gingermex to you a$$hole.


RIP MHL 04/25/1958 - 01/11/2006
Back to top
View user's profile Send private message Blog Visit poster's website
eeven73
PityDaFool Who Posts This Much
PityDaFool Who Posts This Much


Joined: 16 Jan 2003
Posts: 5376
City: Halfway

PostPosted: May 02, 2014 7:03 am    Post subject: Reply with quote

so then you have no reason why they shouldn't move?
_________________
Is President Obama a Keynesian?
Back to top
View user's profile Send private message Send e-mail
jt09
Ladies Man
Ladies Man


Joined: 16 Jan 2003
Posts: 22040
City: Austin

PostPosted: May 02, 2014 7:09 am    Post subject: Reply with quote

chavez wrote:
eeven73, there's not much to say there. The geography and climate is what it is.


agreed. cali's benefit is the weather, no doubt. was going to post the nissan move out of cali as well, but see that's already been covered. hell, i'd rather move to nashville than plano, but the point is - neither is in cali.
Back to top
View user's profile Send private message
eeven73
PityDaFool Who Posts This Much
PityDaFool Who Posts This Much


Joined: 16 Jan 2003
Posts: 5376
City: Halfway

PostPosted: May 02, 2014 7:20 am    Post subject: Reply with quote

i would be fascinated to see what the average commute was. I would wager many of the people lived no where near Torrance or the Pacific.
_________________
Is President Obama a Keynesian?
Back to top
View user's profile Send private message Send e-mail
chavez
Ladies Man
Ladies Man


Joined: 22 Sep 2003
Posts: 27357
City: Roseville

PostPosted: May 02, 2014 7:23 am    Post subject: Reply with quote

jt09, yep. And not just CA, but coastal SoCal. There aren't a lot of places on the planet where the weather is consistently better, not to mention being a very short drive to this:




If money was the only thing I cared about I probably would live in Dallas or ??? There are lots of places I could be that would pay roughly the same but have a lower COL. None of them would offer me the proximity to the places I like to visit balanced with the climate I enjoy.

_________________
Quote:
That's Mr. Gingermex to you a$$hole.


RIP MHL 04/25/1958 - 01/11/2006
Back to top
View user's profile Send private message Blog Visit poster's website
chavez
Ladies Man
Ladies Man


Joined: 22 Sep 2003
Posts: 27357
City: Roseville

PostPosted: May 02, 2014 7:25 am    Post subject: Reply with quote

eeven73, it would definitely be interesting to see that.

That said, unless they live way, way out, it doesn't get much better for a while (Compton/EastLA/Ghettos aside).

_________________
Quote:
That's Mr. Gingermex to you a$$hole.


RIP MHL 04/25/1958 - 01/11/2006
Back to top
View user's profile Send private message Blog Visit poster's website
eeven73
PityDaFool Who Posts This Much
PityDaFool Who Posts This Much


Joined: 16 Jan 2003
Posts: 5376
City: Halfway

PostPosted: May 02, 2014 7:29 am    Post subject: Reply with quote

^ that is exactly what I am saying.

Don't know what the average income was for these people. It would be hard for me to believe that all these workers made 100K plus and realistically you have to have two 100k plus incomes to live anywhere near Torrance or the coast in a "decent" single family home( which is what i tried to get in my search not bottom, not top). Unless you bought in the 80's.

_________________
Is President Obama a Keynesian?
Back to top
View user's profile Send private message Send e-mail
chavez
Ladies Man
Ladies Man


Joined: 22 Sep 2003
Posts: 27357
City: Roseville

PostPosted: May 02, 2014 7:41 am    Post subject: Reply with quote

eeven73, I doubt they all make 100+ but I think you might be surprised at how many of them do. I mean, someone's gotta answer the phone and clean the bathrooms, but there are likely a lot more double-six-figure-income families attached to that Toyota facility than you would think.

PS: don't look at 2800sq homes for LA. A decent normal family home in LA might be 1800-2000sq, if that. Still not cheap to own something that size, but still.

_________________
Quote:
That's Mr. Gingermex to you a$$hole.


RIP MHL 04/25/1958 - 01/11/2006
Back to top
View user's profile Send private message Blog Visit poster's website
scott a
Ladies Man
Ladies Man


Joined: 13 Jan 2003
Posts: 9810

PostPosted: May 02, 2014 7:44 am    Post subject: Reply with quote

eeven73 wrote:
No....... you said the people moving are not going to be thrilled.


27,000 in extra pocket money every year buys alot of thrilled in the existential money= happiness sort of way.
The people moving aren't going to be thrilled, in a "you can't f-king pay me enough to move to Plano" sort of way. I understand why Toyota is doing this, but it'll be interesting to see how many employees follow the company to Texas (and then stay there).
_________________
www.TheLiquidPlayground.com
Integrity Wakeskates
Back to top
View user's profile Send private message Blog
eeven73
PityDaFool Who Posts This Much
PityDaFool Who Posts This Much


Joined: 16 Jan 2003
Posts: 5376
City: Halfway

PostPosted: May 02, 2014 7:47 am    Post subject: Reply with quote

chavez,

Which makes it all the bigger problem for CA, right?

Thousands of double six figure jobs gone. Shrinking tax base for $200 Alex.

One guess what Sacramentos solution to a shrinking tax base is.

it rhymes with bligher blates. Laughing

Quote:
PS: don't look at 2800sq homes for LA. A decent normal family home in LA might be 1800-2000sq, if that. Still not cheap to own something that size, but still.


Doesn't look to me like size makes much of a difference. You can't get a detached single family home in and around Torrance for less than 600K. I pulled 2800 out of my ass based on a family home for 4 ,we can debate the dynamics of the american family if you like, but I stand by the affordability metric.

_________________
Is President Obama a Keynesian?
Back to top
View user's profile Send private message Send e-mail
jt09
Ladies Man
Ladies Man


Joined: 16 Jan 2003
Posts: 22040
City: Austin

PostPosted: May 02, 2014 8:03 am    Post subject: Reply with quote

scott a wrote:
it'll be interesting to see how many employees follow the company to Texas (and then stay there).

i think you'd be surprised, but it's not like the facts haven't been thrown all over this thread for years now.

Quote:
About 100,000 more people moved away from California in 2011 than relocated to the Golden State, according to the latest report from the U.S. Census Bureau.

The trend can be explained, in part, in monetary terms. Even in an economic boom, the cost of living in California has increased, prompting people to move out, and, in recent years, unemployment in the state has skyrocketed.

So, where are these former Californians going?

The Census Bureau calculates that the most popular destination is Texas (58,992), a state that is luring California companies. That’s followed by Arizona (49,635), Nevada (40,114), Washington (38,421) and Oregon (34,214).

http://www.nbclosangeles.com/news/local/Californias-Population-Moving-Out-182914961.html

while cali is awesome, it's not like texas is nebraska or mississippi.
Back to top
View user's profile Send private message
ohsix
PityDaFool Who Posts This Much
PityDaFool Who Posts This Much


Joined: 12 Jan 2003
Posts: 6836

PostPosted: May 02, 2014 8:07 am    Post subject: Reply with quote

I think what actually ends up happening is families trade their 2800 sq. ft. $770k California home for a 5000 sq. ft. $770k Plano home.

I'm not sure what California residents actually pay in state income taxes, but that has to be similar to raise in discretionary income as well. With the extra purchasing power, families end up in bigger houses and with nicer cars, and they feel like their quality of life went up.
Back to top
View user's profile Send private message Send e-mail
Display posts from previous:   
Post new topic   Reply to topic    Wakeboarder Forum Index -> Non-Wakeboarding All times are GMT - 8 Hours
Goto page Previous  1, 2, 3 ... 13, 14, 15, 16  Next
Page 14 of 16

Add To Favorites

Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You can download files in this forum
             


Copyright © 2012 - Wakeboarding - Wakeboarder.com - All Right Reserved
Powered by phpBB © 2001, 2005 phpBB Group