California Has Collapsed As Everything Becomes Worthless

Yet people think slimey Gavin Newsom should replace Joe Biden !!!!?????

Gavin and his cronies must be making a fortune! This is the only reason why they don't fix it...

🤣 LMAO! They don't care because they believe that they will rule over the ashes...

Again, thank you Dems.

THE first dystopian communist model state in America. SF was alive, full of activities and gorgeous when I came to America in ‘72. Look at it, now.

Snake Plissken's third movie "Escape from San Francisco"

20+ billion deficit BEFORE everyone left. History is going to be made with how hard SF crashes. When industry changes cities fail. Detroit / Chicago (pension debt of $42 billion and only $9.5 billion in assets available to pay its bills)

Damn Newsom and Pelosi

I can’t believe Gavin Newsom is ok with this. Remember this when he runs for President. He was the mayor of San Fran at one time too.

The state will pick up the properties cheap. “You vill own natzing undt you vill be ‘appy!”

Black Rock can afford to buy and hold assets like this in anticipation of future growth.

Well Newsom, you’ve outdone yourself this time 😡. What taxes will you raise next ?

I was born in Santa Monica 71 years ago, and I’ve always despised Downtown LA…….

Democratic Governor Gavin Newsom assumed office on January 7, 2019. His second term will end on January 4, 2027. An overview based on people leaving the state. People are leaving CALIFORNIA for various reasons, driven by both economic and personal factors. HIGH COST OF LIVING: Housing Costs: California's housing market is notoriously expensive. While other states such as New York and Hawaii also have high housing costs, California's combination of high prices, limited supply, and significant income disparity makes it the state with the highest housing prices relative to income. TAXES: The state with the highest taxes in the nation is California. This includes a combination of state income tax, sales tax, and property tax. California has a progressive income tax system with the highest top marginal tax rate in the country, reaching up to 13.3% for high-income earners. The state has a base sales tax rate of 7.25%, which is among the highest in the nation. Local jurisdictions can add their own sales taxes, leading to combined rates that can exceed 10% in some areas. While California's property tax rates are not the highest in the nation, the HIGH PROPERTY VALUES result in significant property tax bills. As of 2024, the average cost of a house in California varies significantly depending on the region, but statewide, the median home price is approximately $760,000. HOUSING SHORTAGE: Limited housing supply and strict zoning laws have led to a significant housing shortage, making it difficult for many people to find affordable housing options. In 2023, California saw approximately 110,000 housing starts. This figure includes both single-family and multi-family housing units. HOMELESSNESS CRISIS: The state has a high rate of homelessness, particularly in urban areas like Los Angeles and San Francisco, contributing to concerns about safety and quality of life. California has the largest number of homeless people in the United States. As of the latest available data in 2023, California ACCOUNTED for about 30% of the nation’s homeless population. The mild climate in many parts of California can make living outdoors more feasible than in states with harsher weather conditions, attracting homeless individuals from other regions. NATURAL DISASTERS: Frequent natural disasters, such as wildfires, earthquakes, and droughts, pose significant risks and inconveniences, prompting some residents to relocate to areas with fewer environmental threats. California typically experiences the largest number of wildfires and acres burned annually compared to other states in the United States. California is frequently cited as the state that experiences the most severe and widespread droughts in the United States QUALITY OF LIFE: Issues like traffic congestion, long commute times, and pollution in major cities can negatively impact the quality of life for many Californians. Otherwise, California tends to rank in the middle to upper tier among U.S. states. ECONOMIC OPPORTUNITIES ELSEWHERE: Other states offer comparable or better job opportunities, often with lower costs of living and better business climates, attracting Californians to relocate. California’s economy has shown signs of strain recently. The state is in the middle of back-to-back multi-billion dollar budget deficits because of declines in state tax revenue. California’s unemployment rate is 5.3%, which is above the national average and the highest of any state. POLITICAL CLIMATE: Some residents are dissatisfied with California's political climate, which they feel is too liberal or not aligned with their personal beliefs and values. BUSINESS ENVIRONMENT: High business taxes and stringent regulations can make it challenging for businesses to thrive, leading companies and entrepreneurs to move to states with more favorable business environments. RETIREMENT: Many retirees seek to stretch their retirement savings further by moving to states with lower living costs, better tax benefits, and milder climates. These factors collectively contribute to the trend of people leaving California in search of more affordable, less stressful living conditions, and better opportunities elsewhere.

When the current administration in office, and their vastly wealthy donors, pack their bags and leave to parts unknown in the middle of the night ... that's when California has collapsed. It will be up to someone else to do the hard work of picking up the pieces before they return to repeat the cycle once again.

SF is too far gone now to recover .

We visited San Francisco 10 years ago but would not go there now if you paid us.

Mayor of L.A, Mayor of San Fransisco, recently replaced Mayor of Chicago, Mayor of Dolton, IL, and others. Trend?

Can SF recover. Of course it can. Unless it slides into the Pacific its a great location. What it can't do is recover under the type of civic government its currently got.

The prices in SF were ridiculous, and now the prices are normalising. Good!