Toyota moving to Texas

NEW -> Contingent Buyer Assistance Program
Never. Said that repeatedly.  I fortunately, have the means to tough it out.  My kids?...I dunno. The net gain in population lacks quality and income...not an encouraging trend.

Welcome to Skid Row 2017:
Shocking scale of homelessness in downtown LA is exposed in footage showing sidewalks lined with dozens of tents in deprived area where 20,000 people live on the streets
Three-minute LiveLeak clip shows the brutal reality of Christmas Day in the underbelly of Downtown LA
Shot on 5th Street, 6th Steet and San Pedro in the Skid Row district, it captures life in one of the city's most notorious homeless hotspots
Rubbish bags litter the streets and tents have been erected to shelter residents - including women and children
Rising cost of living in California is also forcing middle class residents to live in their cars in affluent areas

http://www.dailymail.co.uk/news/article-5214593/Christmas-Day-2017-Downtown-Los-Angeles.html#ixzz52UdhVrIK
 
I know DTLA is trying it's best to make it seem like a redeveloped "go to" place, but if you've driven through recently, it's overrun with the genuinely poor, the mentally ill, and "free spirits" who are only living on the streets because they are "free loaders".

Take the Santa Ana River Trail encampments and add a few gallons of Soviet sourced steroids - you know.. the good stuff... which geometrically grows these camps into oversized monstrosities and that's what DTLA is today. Sad stuff.
 
morekaos said:
Never. Said that repeatedly.  I fortunately, have the means to tough it out.  My kids?...I dunno. The net gain in population lacks quality and income...not an encouraging trend.

Welcome to Skid Row 2017:
Shocking scale of homelessness in downtown LA is exposed in footage showing sidewalks lined with dozens of tents in deprived area where 20,000 people live on the streets
Three-minute LiveLeak clip shows the brutal reality of Christmas Day in the underbelly of Downtown LA
Shot on 5th Street, 6th Steet and San Pedro in the Skid Row district, it captures life in one of the city's most notorious homeless hotspots
Rubbish bags litter the streets and tents have been erected to shelter residents - including women and children
Rising cost of living in California is also forcing middle class residents to live in their cars in affluent areas

http://www.dailymail.co.uk/news/article-5214593/Christmas-Day-2017-Downtown-Los-Angeles.html#ixzz52UdhVrIK
Click to expand...

Wow, driving through that area looked dangerous.  I've been more and more tents pop up by the Santa Ana River bed, very sad indeed.
 
Liar Loan said:
lnc said:
Silicon Valley is leaving Silicon Valley!
https://www.cnbc.com/2017/12/27/silicon-valley-will-soon-see-mass-migration-redfin-ceo-says.html
Click to expand...

The headquarters for these companies will stay in Coastal areas because that's where the executives want to live, but the workers will increasingly be located in inland areas.  A lot of these guys are introverts that code for 12 hours a day and that can be done from anywhere that has high speed bandwidth.
Click to expand...

Nah...future will be people working remotely.  Living in Silicon Valley is a lifestyle choice.  People who live in SI likes that young vibe...otherwise they could move elsewhere in BA. 

Just like West LA is not for everyone but still in super high demand.
 
eyephone said:
I agree there are many VC around SV. Good area to be in and the talent pool is there.
Click to expand...

People also underestimate the minority/immigrant community factor.  Global recruiting means that a lot of oversea candidates, who want to settle down in areas that they and their families can be comfortable with.  One of the reasons why California will always have an advantage over most states, especially with biggest talent pools in Asia.
 
Irvinecommuter said:
Liar Loan said:
lnc said:
Silicon Valley is leaving Silicon Valley!
https://www.cnbc.com/2017/12/27/silicon-valley-will-soon-see-mass-migration-redfin-ceo-says.html
Click to expand...

The headquarters for these companies will stay in Coastal areas because that's where the executives want to live, but the workers will increasingly be located in inland areas.  A lot of these guys are introverts that code for 12 hours a day and that can be done from anywhere that has high speed bandwidth.
Click to expand...

Nah...future will be people working remotely.  Living in Silicon Valley is a lifestyle choice.  People who live in SI likes that young vibe...otherwise they could move elsewhere in BA. 

Just like West LA is not for everyone but still in super high demand.
Click to expand...
There is an embedded talent pool that will continue to act as a magnet, but as a new grad you need to have a real plan to move here. Many local companies actually give preference to new grads from the area (i.e. parents live here) as they can live at home for a few years to reduce COL.

Most Wall St workers live in NJ or Brooklyn/LI - only the wealthiest live in Manhattan. SV/Peninsula central locations will be the same.
 
Not one city in Cali makes the list...shameful.

These cities have the best chance of winning the war for Amazon's new headquarters

Amazon plans to spend $5 billion on a second headquarters in the U.S., which will employ 50,000 people.
Amazon favors metro areas with 1 million people and a stable, business-friendly environment.
Analysis from CNBC's America's Top States for Business and the U.S. Census Bureau gives high grades to a number of southern cities with strong economies and workforces.

https://www.cnbc.com/2017/11/20/these-cities-may-win-war-for-amazons-new-headquarters.html
 
morekaos said:
Not one city in Cali makes the list...shameful.

These cities have the best chance of winning the war for Amazon's new headquarters

Amazon plans to spend $5 billion on a second headquarters in the U.S., which will employ 50,000 people.
Amazon favors metro areas with 1 million people and a stable, business-friendly environment.
Analysis from CNBC's America's Top States for Business and the U.S. Census Bureau gives high grades to a number of southern cities with strong economies and workforces.

https://www.cnbc.com/2017/11/20/these-cities-may-win-war-for-amazons-new-headquarters.html
Click to expand...

Shameful?  That seems ridiculous.  Amazon already has a west coast HQ...make sense to move away from there.  Also, it's pure speculation at this point.
 
morekaos said:
I have dealt with CALPER's and STRS and I can tell you first hand, They are run by morons and riddled with corruption, nepotism and ineptness.  They consistently over-promise and under deliver on returns with very little accountability.  Both systems will collapse eventually.  Taxpayer funding of that "obligation" is all that keeps it afloat.
Click to expand...

And like clockwork....Like I said, run by hacks and morons.
We will get stuck with the bill...again

Dubious Investments Further Imperil Calif. Pension Plan

The system already has a $153 billion unfunded liability, one of the largest shortfalls of any state, and it only has funds to cover 68 percent of promised benefits into the future. And because CalPERS is already cash negative, paying out $5 billion more in benefits to retirees each year than it takes in, there aren?t many scenarios whereby the system would be able to make good on those promises absent outside intervention (read: taxpayer bailout). 

When the CalPERS investment committee reallocated its investments recently, it assumed a 7 percent annualized rate of return. While CalPERS has enjoyed some good years?for example, its 2017 return may exceed 11 percent?that?s not the norm. The fund has averaged a 4.6 percent rate over the past decade, and its 2016 rate was an abysmal 0.6 percent.

CalPERS? strategy -- and to a large extent that of the state in general -- seems crafted first and foremost to advance the interest of public sector labor unions. The high compensation for state government workers and the state?s munificent retirement benefits make it difficult for local government officials to find the money necessary to meet their obligations. Rising contribution rates for local governments mean that municipalities and schools have less money to educate children, build roads or provide other essential government functions.

CalPERS has prioritized relatively poor-performing environmental, social and governance (ESG) investments at the expense of other options more likely to optimize beneficiary returns. As a recent study by the American Council for Capital Formation shows, four of CalPERS? nine worst performing funds were ESG-focused.

Making investment decisions based on social issues has real consequences. Last year CalPERS? board expanded its ban on investing in companies that produce tobacco products, against recommendations by its professional staff. In an analysis of the cost of divestment produced for CalPERS, Wilshire Consulting placed the system?s total foregone investment gains at more than $3.6 billion.

https://www.realclearpolitics.com/articles/2018/01/02/dubious_investments_further_imperil_calif_pension_plan_135887.html
 
morekaos said:
morekaos said:
I have dealt with CALPER's and STRS and I can tell you first hand, They are run by morons and riddled with corruption, nepotism and ineptness.  They consistently over-promise and under deliver on returns with very little accountability.  Both systems will collapse eventually.  Taxpayer funding of that "obligation" is all that keeps it afloat.
Click to expand...

And like clockwork....Like I said, run by hacks and morons.
We will get stuck with the bill...again

Dubious Investments Further Imperil Calif. Pension Plan

The system already has a $153 billion unfunded liability, one of the largest shortfalls of any state, and it only has funds to cover 68 percent of promised benefits into the future. And because CalPERS is already cash negative, paying out $5 billion more in benefits to retirees each year than it takes in, there aren?t many scenarios whereby the system would be able to make good on those promises absent outside intervention (read: taxpayer bailout). 

When the CalPERS investment committee reallocated its investments recently, it assumed a 7 percent annualized rate of return. While CalPERS has enjoyed some good years?for example, its 2017 return may exceed 11 percent?that?s not the norm. The fund has averaged a 4.6 percent rate over the past decade, and its 2016 rate was an abysmal 0.6 percent.

CalPERS? strategy -- and to a large extent that of the state in general -- seems crafted first and foremost to advance the interest of public sector labor unions. The high compensation for state government workers and the state?s munificent retirement benefits make it difficult for local government officials to find the money necessary to meet their obligations. Rising contribution rates for local governments mean that municipalities and schools have less money to educate children, build roads or provide other essential government functions.

CalPERS has prioritized relatively poor-performing environmental, social and governance (ESG) investments at the expense of other options more likely to optimize beneficiary returns. As a recent study by the American Council for Capital Formation shows, four of CalPERS? nine worst performing funds were ESG-focused.

Making investment decisions based on social issues has real consequences. Last year CalPERS? board expanded its ban on investing in companies that produce tobacco products, against recommendations by its professional staff. In an analysis of the cost of divestment produced for CalPERS, Wilshire Consulting placed the system?s total foregone investment gains at more than $3.6 billion.

https://www.realclearpolitics.com/articles/2018/01/02/dubious_investments_further_imperil_calif_pension_plan_135887.html
Click to expand...

How about a one time state bailout in exchange for significant Calpers restructuring:
1) Decrease in benefits
2) Convert all current pension plans to 401K
 
Fuck that. If my 401k tanks no one is bailing me out. If the money isn?t there, reduce the payouts.
 
figure-2.jpg

http://laborcenter.berkeley.edu/california-is-working/
 
UC Berkeley Center for Labor Research and Education is a very questionable source...

UC Berkeley researchers miss the mark on minimum wage increases

These consequences are consistent with the majority of the empirical research on this subject, as summarized by economists David Neumark of UC Irvine and William Wascher of the Federal Reserve Board. The UC Berkeley team ignored this consensus in its report, thus producing rose-colored results that don?t match reality.

Unfortunately, this is par for the course for UC Berkeley?s union-backed Labor Center, which is run by former living wage organizer Ken Jacobs. In one troublesome 2014 email exchange obtained under the California Public Records Act, Jacobs asked for a recommendation letter from the Restaurant Opportunities Center to support a grant for his Labor Center?s ongoing ?research and (technical assistance) work for local groups engaged in work to raise the minimum wage,? as well as ?testimony/media work around the issue in the East Bay.?

Among the groups Jacobs listed as a ?partner? was Raise the Wage East Bay, suggesting that the Berkeley team is more activist than academic.

http://www.sacbee.com/opinion/op-ed/soapbox/article29582665.html
 
Even Moonbeam is getting nervous.

Wealthy exodus to escape new tax rules worries California Democrats

The Republican-backed federal tax bill flipped the tables on a never-ending question for California politicians: Will high taxes lead the state?s wealthiest residents to flee the Golden State for the comparable tax havens of Florida, Nevada and Texas?

Republicans reliably raise that alarm when Democrats advocate for tax increases, like the 2012 and 2016 ballot initiatives that levied a new income tax on very high-earning residents.

But now, with the federal tax bill cutting off deductions that benefited well-off Californians, the state?s Democrats suddenly are singing the GOP song about a potential millionaire exodus.

?People with higher incomes pay a lot more money, and some of them may be tempted to leave,? Gov. Jerry Brown said when he unveiled his 2018-19 budget proposal last week. ?This was an assault by the Republicans in Congress against California.?


http://www.sacbee.com/news/politics-government/capitol-alert/article195405279.html#storylink=spy
 
morekaos said:
Even Moonbeam is getting nervous.

Wealthy exodus to escape new tax rules worries California Democrats

The Republican-backed federal tax bill flipped the tables on a never-ending question for California politicians: Will high taxes lead the state?s wealthiest residents to flee the Golden State for the comparable tax havens of Florida, Nevada and Texas?

Republicans reliably raise that alarm when Democrats advocate for tax increases, like the 2012 and 2016 ballot initiatives that levied a new income tax on very high-earning residents.

But now, with the federal tax bill cutting off deductions that benefited well-off Californians, the state?s Democrats suddenly are singing the GOP song about a potential millionaire exodus.

?People with higher incomes pay a lot more money, and some of them may be tempted to leave,? Gov. Jerry Brown said when he unveiled his 2018-19 budget proposal last week. ?This was an assault by the Republicans in Congress against California.?


http://www.sacbee.com/news/politics-government/capitol-alert/article195405279.html#storylink=spy
Click to expand...

Love how he blames the Republicans in Congress for this....how about looking in the mirror and taking care of your house first.  The tax bill just shines the light on how high the state income tax burden is for many folks in CA. 
 
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