We're selling our house and moving out of SF. Where should we go and why?
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Good move. I'm looking outside of CA given the proposed income tax hike + wealth tax.
Inside CA: Westside LA
Outside, 0% cap gains tax: Austin, Nashville, Miami, Jackson Hole, Incline Village, Portsmouth, Seattle.
Outside US: Singapore, NZ
Hard to get a feel without visiting.
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West side of LA is becoming a shithole. The homelessness problem and crime is increasing like crazy there. Within CA north San Diego by a long shot. Outside CA is up for debate but Utah and incline village are intriguing.
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Venice and Santa Monica, yes.. though not nearly as bad as SF. Pacific Palisades and Malibu aren't bad but you will definitely get a lot more for your money near Encinitas.
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In LA, with state income tax being 16% for the highest earners for long term capital gain, that is almost doubling the federal tax rate.
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We'll see if these new taxes pass. Getting harder to justify living in CA for anyone with a remote job.
True jesse, the problem I have is this: It is only a matter of time they keep adding on taxes and state legislature doesn't change. Nothing has changed. So it is better to prepare now instead of later.
Here is a link to wealth tax of 0.4%
bizjournals.com/sanfrancisco/n
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Yeah, thanks -- I've been following it. It's never going to end. There will never be enough. The state needs to cut back services and failed programs.
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