LehighND since you don't believe me, maybe Charlie from Berkshire might convince you
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Link: https://www.cnbc.com/2019/02/15/charlie-munger-says-california-connecticut-have-been-stupid-for-driving-rich-people-away.html
Replies to: LehighND since you don't believe me, maybe Charlie from Berkshire might convince you
Re: LehighND since you don't believe me, maybe Charlie from Berkshire might convince you
It is true that many people are leaving CA because of high taxes, etc. but most of these are people who are blue collar, low paying white collar and lower management positions. Come to LA and look for a house or apartment-costly. The leavers are being replaced by others who have more education, asset, etc., Now this creates it's own problems, but CA will not become a ghost town. However, there are businesses leaving-that is a problem-for places like Texas, Utah, etc., where there is less regulation, etc., Many of these businesses are unhappy when they get there. Quality of life is not always the same, weather, schools, etc., have caused SOME to return to CA and bite the bullet of spending more to live in CA.
I can afford CA so I may be presumptuous, but I'm not leaving CA to live in Idaho, Utah-although we do go to Deer Valley to ski-or any other icy, car fishtailing state.
This is a reasoned assessment.
California presents a different option. Generous in social services, progressive on social issues, culturally diverse, advanced in infrastructure (shit, they are building a high speed train to nowhere), and other things that attract talented, bright people. They also have high taxes which goes hand in hand with those features.
There are a lot of people that like that stuff, and are begrudgingly willing to pay for it, and there are people that don't like it, and want to get the hell out of dodge.
First the high speed rail was canceled this week. Too expensive and
When was the last time you were in San Francisco? There is shit and urine everywhere along with needles. I figured you out. Your never leave Indiana. At least read a newspaper. Billions on a high speed rail in the toilet. God you are uninformed.
Last time I was in San Francisco? Great question.
April of last year, I was out on business and had lunch with a dear old friend who was succumbing to cancer. His name was Julius Turman, and he served as president of the police commission. He passed away a couple of weeks after I saw him. SF is one of my favorite places, but does indeed have a homeless problem. One of the really neat infrastructure things is the bus and trolley system. I never ride buses, except in San Francisco, because they are so good. And the trolleys are refurbished old-time trolleys acquired from all parts of the country.
The people there (except for the homeless) tend to be more creative and interesting than my Hoosier brethren. I don't get out there more than once every year or two these days. A few years back I had a case in San Jose, so I got to spend a lot of time there as well. The difference between Indiana and the San Francisco-San Jose corridor (i.e. silicon valley) is immeasurable. I certainly think they overshoot on some of the progressive initiatives, but by and large it seems to be attracting enough talent.
Bullet train was scaled back not canceled, SF=ugh, powerful economy, plus I'm here.
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Dude there were drug addled zombies biting off noses on South Beach a little ways back. West Palm is
a toilet seat also. Doesn’t seem to bother the locals much.
Bath Salts the poor mans opioid. And don’t get the slight about WPB. But your call
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Charlie Munger says NY, CT, and CA are driving their residents out with high taxes, and
Governor Cuomo says it was Trump and his SALT changes.
Who you gonna believe?
Uhm, both can be true. Difficult concept for yer narrow mind, but give it a try.
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And why is it so darn expensive to get a house if everyone is leaving?
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Did you hear him say houses in Connecticut have lost half their value?
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I read the stupid article twice. It's not in there.
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Watch the video it’s new tech I know but ask one of your kids to help
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No need to go and drag his kids out of their retirement homes for this...
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That meme is soooo 2018. The new one is the trailer park.
The "old" thing has grown, well,....
What were we talking about?
I will stop beating this deceased equine at a time of my choosing, thank you.
Trailer park?
Fine. The trailer park thing was a PBChad invention.
He thinks I live in a trailer park and have never been out of Indiana.
Apparently, like most Lehigh grads....
Good lord, why?
Does he flip out charts showing the median housing cost in Connecticut for the last thirty years, with a comparative chart of average tax rates over the same period?
I'm guessing not. In which case whatever he says is not useful. I'm guessing that you want me to argue with some pundit's imprecise, unsupported, spur-of-the-moment hyperbole about housing costs. I'll pass.
Remind me what I don't believe you about?
And what is a Charlie Munger?
People live in high rate states for better services and hate cold weather
and that’s why they are moving. And they stay there because those states are more attractive. Read a financial newspaper if you want to know who Charlie is. Do you get those papers in Indiana? Why don’t you respond to his statement or can you?
I am sorry. You said something like that? And I disagreed?
What statement of this guy do I need to respond to? Does he even read this board?
Phish concert last night? You seem a little addled...
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Maybe. If you were following any of that, I'd appreciate it if you could explain it to me
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Never mind you know more than everyone. I’ll drop this with you going forward.
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It's all good. Glad your flight made it safely.
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Thanks
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