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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (65967)	1/10/2021 1:22:02 PM
From: E_K_S	Read Replies (1) \| Respond to of 78814

I used to be a resident of CA and moved to NV (9 years ago) because of the State taxes. I still own a home (now my vacation home) in Silicon Valley and can not afford to sell it. I would have to pay over $200K in State/Federal taxes since I have a very low cost basis. My property taxes are 1/4 of those that all my neighbors pay (thank you Prop 13). The Value Proposition for me, is I can get a Home Equity Line Of Credit on my property in Silicon Valley (no plans now to do that yet) and use those funds to acquire other hard assets of value. One issue here is the City of San Jose has huge unfunded pension obligations (like many other CA Cities) and I expect taxes to go even higher. Therefore, it is just not cost effective to do any real estate projects in CA because of the huge future tax obligations (and/or possibilities) until local governments become more fiscally conservative (IMO). FWIW, I like BWEL for their Farmland assets (mostly located in the Central Valley) and that may/could be a way to invest in CA farm land. EKS

To: Cogito Ergo Sum who wrote (65967)	1/12/2021 2:31:56 PM
From: Madharry	Read Replies (1) \| Respond to of 78814

I will beg to differ. here in arizona we get droves of people from ca. people look at the numbers see the difference in cost of living and decide that the pacific ocean is kind of cold anyway. Years ago my in laws were living in thousand oaks ca. someone knocked on their door and offered to buy their house. they quickly realized that they could retire and build a house at a ski resort in colorado and thats what they did. I think the only thing they missed were the fresh avocados.

To: Cogito Ergo Sum who wrote (65967)	1/12/2021 2:59:43 PM
From: Sultan	Read Replies (1) \| Respond to of 78814

Folks are moving to where they feel their values are similar It is about the money and cost of living.. Once they realize, they can live some where else and have a much better standard of living just by selling their overpriced property and buying similar or better at a new location at 1/4 or 1/3 or 1/2, math becomes quite simple.. I know a few people who moved from California to Texas once they were ready to retire.. People will put up with a lot of crap for money and a pay cheque.. 'similar value' argument IMHO is overstated..