THE TRUTH! 700k Why Are People Leaving California?

Many people are Leaving California. They are not just talking about moving out of California, they are actually bailing out! About 700,000 people moved out of the state within the last two years. Why is this happening? There is a dark side to California, where homeowners, are getting completely wiped out, and they are saying goodbye to their life savings.
Many of you have written me, and told me, your horror stories, about how, really bad, California has gotten. Homelessness, taxes, high housing costs, utility bills, traffic, crime, gangs, and politics. And you say… it’s getting worse.

So in this video, I am diving even deeper, and sharing your stories of what is really happening in California. As you know…with my other videos…. I want YOU to avoid the pitfalls that are costly, and THIS is why I make these videos.

California now has the largest percentage of the nation’s homeless population, It is one of the highest-taxed states in the US and has low ranks in education.
I’m going to show you:
Why most Californians are not happy with the state?
Why can’t California stop people from leaving?
And where is the future of California going?
#california #exodus #californiainsider


Brought to you by:
Jerry Pinkas Real Estate Experts
604 N 27th Ave
Myrtle Beach, SC 29577
843-839-9870

Provides actionable advice and true stories from real estate investors, and people moving and retiring every week.

Disclaimer: All information given in my videos is meant to be educational. This video is not intended to replace your research, nor to provide legal, investment, or financial advice. For legal advice consult a lawyer.

[GreatDaneLover]

I've lived in Bakersfield CA for over 30 years. In that time I have watched our water bill go from $25 every other month to over $500 per month. My SoCalGas bill more than quadrupled this last year even though I used less gas. Our County, Kern County, has become one of the most corrupt. I actually had an Environmental Health Inspector at my business who blatantly tried to extort me for a bribe. Unbeknownst to him, we have security cameras with audio that I was able to use as evidence. It still took over two years for them to even look into the matter. And our Sheriff dept has gone downhill and are understaffed. Multiple "old-timers" have left the dept in droves because they could no longer stomach the abuses they saw. Many left the state for fear of retaliation for reporting these abuses. My wife and I are moving out of California within the next year. I CAN'T

[lilibear]

Yes, I live in California and you are right about most of it. We own a business and are tired of paying through the nose for everything. We are planning on moving soon, there are so many things to consider. We are waiting for our kids to finish college...🤞🏻🤞🏻

[carrie]

I grew up in Southern CA during the 1960's and 1970's. It was a wonderful state back then. My parents bought a house in Mission Viejo, 2000 square feet for $13, 000 in 1971. I felt safe and loved the community. They stayed in that home until they both passed on. When my brother and I sold their home in 2017 it sold for $640, 000. I am now living in Wyoming. We bought a 4400 square foot home on nearly five acres for less than $170.00 a square foot. If you can stand the weather, it's a wonderful place to live.

[sanseiryu]

I live in Los Angeles near Hollywood. I am retired, my wife still works from home full-time. We bought our home in 95 as a foreclosure. It is now valued @ nearly 9 times what we paid for it. It is paid off, we have no debt. I don't have any idea where you got those electricity prices, but with the DWP as my electric provider, I'm paying $.19 and .25 per kW. tier 1 and tier 2. Even during the heat wave last year, I never went over tier 3 while running my AC for 8-10+ hours a day. I don't commute so I don't worry about gas for the cars. I shop for groceries and sure some things have gone up due to inflation, and yet my grocery bill doesn't seem to have gone up that much, in California, we don't pay sales tax on fresh food, unprepared food to cook at home. I am cost conscious and shop carefully to save money. Due to prop 13 my property taxes are low and stay low.

My homeowners insurance including earthquake and umbrella is lower than Florida homeowners getting hit with tripling of just homeowners coverage. California may have earthquakes but the last one to hit Los Angeles was Northridge in 1994. Little or no damage had affected the home I bought in 95. When was the last hurricane to hit Florida, or yeah, last year with Ian, then 2018 with Michael and 2017 with Irma. The last big fire we had in Los Angeles was the Baldwin Hills fire in 1985 that burned 69 homes. Wildfires can hit every state in the west now. Texas in 2022 had the most wildfires ever, 12, 400 fires with 650, 000 acres.

There are 22 states that have smaller populations than just the city of Los Angeles. If you include LA county, then only seven states have larger populations. So of course there's going to be a bigger homeless problem, drug problems, perception of crime, astronomical home prices. The state still has one of the lowest gun death rates in the country at 8.5 deaths per 100, 000 people -- about 37% lower than the national average'. If California loses 3 million people, it would only be the population we had back in 2006- 36 million, and people were still complaining about traffic, high housing costs and crime.

The people moving out and buying homes in other 'low cost states' sold their California homes and cashed in on the equity that few other states can match. Anyone selling a California home that they have had for over a decade, made bank. A 2+2 As Is fixer down the street just sold for $1.225 Million, down from $1.249 million asking, 3 1/2 weeks to closing. Such a bargain! All of those leaving, just means more homes on the market, more rentals, more job openings and higher pay for those still here. Please, stay in Florida, and Texas...we have horrible weather in Southern California, you will hate it. No humidity in summer and no snow in winter, no scared militia types carrying AR-15s and pistols strapped to their bodies over their tactical vests inside a CVS, no book banning, first ever Pride Nite at Disneyland, just terrible, so many liberal Democrats! The horror!

[stephenross]

We moved to the Bay Area late 2015 because of a job and because we wanted to move there. Our house was $1.3M & property taxes were $20K/year, plus very high state income taxes on top of that. My down payment was $400K & mortgage+taxes were $6, 000/month.

Living there is extremely difficult and it was the most stressful period in my life (I’ve worked for 30 years).

California taxes and controls every aspect of your life, but you get little in return.

Home prices rose dramatically while we were there, especially during Covid. We left 2022 and couldn’t be happier. California sucks.

[Puddycat]

You’re wonderful to share all this info. God bless you sir. You deserve a million subs

[colleenrodamer]

I grew up in California I’m now 66 from the Tijuana border to Malibu. I surfed a lot of those beaches u r right California is costing way to much for the average person we left over ten yrs ago blessing for those who r still there

[jamiesanders]

My mortgage is 1400. My electric bill is 90 a month. The weather is perfect. I don’t have to worry about hurricanes and tornadoes. California has 39 million people so 700k isn’t hurting us. 👋

[lisak]

So sad. I lived in Southern California back in the early 80s and it was fabulous. Now it’s so bad that all my friends have left, and I don’t blame them one bit.

[CP-zbky]

California has completely lost the American dream...

[angelsaucedoa]

Yes, I was afraid of moving out because I had a business in Cali but finally moved out and I do NOT regret it at ALL.
Move to Houston and people here are so kind and friendly . Gas is $2.90 Don’t care about weather is not much of difference from Cali, Cali weather is changing a lot. Many big companies moving to Texas . LOVE TEXAS!!!

[xfiles]

I was born and raised in California. I retired and left CA 6 years ago. I couldn't afford to live there on a pension. Add to that the dwindling quality of life with wildfires every year, rampant crime, electrical blackouts, homelessness, horrible traffic, poop and needles in the streets, increasing taxes, sanctuary cities, and much more. Moreover, as a lifelong Republican my vote hasn't counted there for decades. It is obvious for all to see that CA is quickly becoming the world's largest slum. The question is not why are people leaving. The real question is why stay.

[investigator]

Thank you for doing these videos Jerry. I live in Canada, and can remember being a kid and Hollywood and California itself, was so exciting! I could only dream back then in the 60's & 70's, to ever live there, but I did visit 15 years ago, and saw none of the homelessness and decay that is there now. I don't know how people can afford to live there anymore, unless you are exceedingly wealthy, or homeless. There doesn't seem to be much in the middle anymore.

[annagarza]

We were born and raised in California 🌴 and our mortgage is $1413.00 and our electric is about $150 and the WEATHER in California 🌴 is beautiful NO HUMIDITY and NO ALLIGATOR’S and NO HURRICANE’S or TORNADOES and the state of California 🌴 is the BIGGEST IN ECONOMY AND POPULATION so if some leave BYE BYE there is no state that has this beautiful weather we have been to TEXAS HORRIBLE ITS HUMID AND HOT 🥵🤮 ARIZONA is UNBELIEVABLE IT WAS OVER 120 degrees that’s insane so as I was saying there is NO PLACE LIKE CALIFORNIA 🌴

[vuaeco]

The high cost of living sounds bad but you get what you pay for. The opportunity here for jobs and businesses is insane. I see many videos talking about people leaving CA but days after days it just keeps getting more and more crowded here. What's up with that? People keep talking about moving out of CA to FL or TX just to find out unpleasant surprises waiting for them. Now they regret it and silently and secretly move back to CA unannounced. When they move out of CA, they announce it to the world. When they move back to CA, it's a total secrecy. That's why you always hear about CA exodus but never hear about the same people moving back to CA.

[adamesd]

I live in CA, and previously lived in the Midwest and East coast. So I can offer some thoughts:

CA pros:
-Weather along the coast
-Surprisingly, income taxes are actually not that bad
-Low real estate taxes
-I like the diversity
-The system here generally functions
-Job opportunities are strong, especially high-paying tech jobs

CA Negatives:
-Housing prices are brutal anywhere near the coast
-Areas away from the coast have brutal heat and lots of drugs/crime
-Downtowns are homeless centers
-Increasing property crime and stupid law response, it’s become almost normal to be in a store and watch some thief suddenly run off with something
-Traffic in major cities, especially LA

You have to be rich or have high income to live in CA. Otherwise it’s better to move.

[quuqeemonster]

That tilting, crummy California house you showed is in my town, Palo Alto, Ca. I walked by it many times. A man was living in there and I had a feeling he inherited it and didn't want to lift a finger to fix. But finally, after some years of being propped up, someone bought it and fixed it up.

[wotawanancy]

As a kid in the 50s and 60s California was the place to go. Never made it there and now there is no way you could pay me to even visit. I have a granddaughter there and she can't get over all the homeless people. Unless you have a six figure income you will end up on the streets. I didn't realize all the flooding. I love the Midwest. This is where I am staying thank you.

[casey]

I lived in California for 30 years and never needed earthquake nor flood insurance. We never filed an insurance claim. Our property taxes and insurance remained pretty low, I'm assuming because of California pays both federal and state income taxes.

[ladweeb]

I have lived in Southern California for over 50 years. I have never heard of anyone’s house being flooded. Sounds like a Northern California thing AND a way for insurance companies to make more money.

Also, earlier this year, I tried to switch insurance for my home to find a better rate. I was told insurance companies were going to stop writing home insurance policies in CA due to the “wild fires”. I said, Your penalizing the entire state for something that only happens in a small portion of the state.