But CA's property-owning electorate majority would prefer that you look somewhere else, while they continue to earn their real estate upsidehttps://twitter.com/crainsla/status/847216674289963012 …
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pension obligations + lack of revenue sources bc voters overrode tax increases a generation ago.
CA is super dependent on income/capital gains tax bc it can't tap property tax. But ppl complain about tech w/out understanding
that it basically floats the state budget while the economic value it creates is largely just soaked into land values, rents
yes the combination of Prop 13 and pension obligations from major hike in late 90s/early 2000s (?) hasn't set state up well
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