Author Topic: Why Is California So Expensive? Here Are 25 Eye-Opening Reasons  (Read 1563 times)

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Offline rangerrebew

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Why Is California So Expensive? Here Are 25 Eye-Opening Reasons
« on: November 29, 2024, 11:53:28 am »
Why Is California So Expensive? Here Are 25 Eye-Opening Reasons


Living in California isn’t just about beaches and palm trees – it’s also about a high cost of living! The state’s unique blend of culture, nature, and opportunity draws people in, but why is it so pricey? Let’s take a closer look at some of the biggest reasons.

https://www.msn.com/en-us/money/personalfinance/why-is-california-so-expensive-here-are-25-eye-opening-reasons/ss-AA1uRmPb?ocid=msedgdhp&pc=HCTS&cvid=5c5dfc63ad6e4f58985e93a4dbee5d1e&ei=146
The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbor to say there are twenty gods, or no god. It neither picks my pocket nor breaks my leg.
Thomas Jefferson

Offline IsailedawayfromFR

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Re: Why Is California So Expensive? Here Are 25 Eye-Opening Reasons
« Reply #1 on: November 29, 2024, 02:22:53 pm »
The overall reason is that California's authorities believe they are a paradise for all America and it should be a privilege to be there.

Once the federal spigot gets turned off, reality will most certainly and dramatically hit home.
« Last Edit: November 29, 2024, 03:14:08 pm by IsailedawayfromFR »
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington

Offline PeteS in CA

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Re: Why Is California So Expensive? Here Are 25 Eye-Opening Reasons
« Reply #2 on: November 29, 2024, 05:05:00 pm »
It's a slideshow rather than an article. Here are a couple of the reasons:

Quote
1. Out-Of-State Transportation of Gas Leads To High Gas Prices

It would be more accurate to say that state gooberment and NIMBYs have capped refinery growth and new-builds to the point that some gasoline comes from hundreds of miles away.

Quote
2. Strict Environmental Regulations Lead To High Gas Prices

In plainer language, state-mandated (and Federally mandated?) seasonal "boutique" fuel blends cost more.

Quote
5. High Property Taxes

The writer for this slide shows that (s)he does not understand CA property taxes, specifically Proposition 13. The two major provisions of this are: the actual property tax is capped, IIRC, at 1%; the year-over-year increase, if the market value of the home has increased, is capped at 2%. There are things that make this less simple, e.g. local additional assessments, which happen only with local voter approval or additions done after the purchase. The bottom line, though, is that a Silicon Valley home owner who has owned their home for over 3 decades might have a home with market value of $2 million, but be paying $8000 in property taxes instead of 1% of market value, which would be $20000.

The points of Prop 13 were to put restraints on county and city spending and to prevent arbitrary property tax rate increases that in the late 1970s were starting to drive people on limited incomes out of homes they had owned for decades.
I am not and never have been a leftist.

If, as anti-Covid-vaxxers claim, https://www.poynter.org/fact-checking/2021/robert-f-kennedy-jr-said-the-covid-19-vaccine-is-the-deadliest-vaccine-ever-made-thats-not-true/ , https://gospelnewsnetwork.org/2021/11/23/covid-shots-are-the-deadliest-vaccines-in-medical-history/ , The Vaccine is deadly, where in the US have Pfizer and Moderna hidden the millions of bodies of those who died of "vaccine injury"?

Millions now living should have died. Anti-Covid-Vaxxer ghouls hardest hit.

Offline Hoodat

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Re: Why Is California So Expensive? Here Are 25 Eye-Opening Reasons
« Reply #3 on: November 29, 2024, 05:12:03 pm »
California is so expensive because older liberals native Californians do not want to share their paradise with anyone else.  They make it unaffordable for others while they enjoy the low property taxes of the 70s.  Typical left-wing envy.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Offline IsailedawayfromFR

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Re: Why Is California So Expensive? Here Are 25 Eye-Opening Reasons
« Reply #4 on: November 29, 2024, 07:35:50 pm »
It's a slideshow rather than an article. Here are a couple of the reasons:

It would be more accurate to say that state gooberment and NIMBYs have capped refinery growth and new-builds to the point that some gasoline comes from hundreds of miles away.

In plainer language, state-mandated (and Federally mandated?) seasonal "boutique" fuel blends cost more.

The writer for this slide shows that (s)he does not understand CA property taxes, specifically Proposition 13. The two major provisions of this are: the actual property tax is capped, IIRC, at 1%; the year-over-year increase, if the market value of the home has increased, is capped at 2%. There are things that make this less simple, e.g. local additional assessments, which happen only with local voter approval or additions done after the purchase. The bottom line, though, is that a Silicon Valley home owner who has owned their home for over 3 decades might have a home with market value of $2 million, but be paying $8000 in property taxes instead of 1% of market value, which would be $20000.

The points of Prop 13 were to put restraints on county and city spending and to prevent arbitrary property tax rate increases that in the late 1970s were starting to drive people on limited incomes out of homes they had owned for decades.
There are other reasons it remains costly there, with the war against state natural resources development contributing to a deficit of crude and natural gas the state needs for its energy, causing less taxes to be realized by the state, denying resources owners the ability to fiscalize their own assets and causing the most responsible oil and gas companies to flee the state.

I worked in Kern County for several years and the company I worked for had oil and gas fields all over the state.  The state has plentiful resources to supply all the energy needs it requires, enough to export to other states.

Refraining from the development of its own resources has the perverse effect of the state eliminating many high paying oil and gas jobs and causing those energy imports you mention.

It is a stupid policy, one that Biden was attempting to implement for the entire nation.

A supply of cheap, available energy is a fundamental cornerstone of GDP growth and increased living standards for any country.
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington

Online Kamaji

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Re: Why Is California So Expensive? Here Are 25 Eye-Opening Reasons
« Reply #5 on: November 29, 2024, 09:00:05 pm »
Because liberalism.