ilmscore | The Real Reason I Left California

The Real Reason I Left California

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
California's zoning laws, specifically parking requirements, contribute to unaffordable housing by increasing construction costs for smaller units.
"but that doesn't solve the root cause of the issue of adding more units see in large california cities much of the zoning requirement is entirely dictated by parking where every unit has to have its own dedicated full parking space so if you want to build a 600 square foot apartment you have to add on another 300 square feet for that person to park their car"
California State Income Tax
Pending
Zoning regulations in California, including exclusionary zoning, minimum lot sizes, parking requirements, and restrictions on multi-family housing, are key drivers of unaffordable housing prices.
"exclusionary zoning harmful land use policies a minimum lot size mandatory parking requirements and prohibitions on multi-family housing but the fact is single-family zoning means that no more units could be built within the same amount of space prices continue to increase and when a large portion of the city is not designed for more than one unit it's going to create an affordable housing"
California Housing Affordability
Pending
A proposed doubling of California's state income tax to 18% for individuals earning over $150,000 could lead to further resident exodus and decreased tax revenue.
"it's also not a situation that seems to be getting any better either with a new proposal that could double their state income tax rate to a staggering eighteen percent impacting anyone who earns more than a hundred and fifty thousand dollars a year unfortunately i'm worried that if this were to pass the ultimate outcome would be that more people leave and as a result less money is generated in the first place"
California Tax Proposals
Pending
Rail theft in California has increased significantly (356%), with a wide range of items being stolen.
"it's recently come to light the california rail theft is up 356 percent while people steal medical equipment designer handbags luggage airline parts artwork and even a new wine fridge with many of them disregarded across the tracks"
California Rail Theft
Pending
A 2,000 sq ft house built in 1924 in California has an annual property tax of $24,000.
"this house was 2.1 million dollars it's 2 000 square feet built in 1924 and the property tax is 24 000 a year"
California Property Taxes
Pending
In 2021, states with high income taxes experienced net resident loss, while states with low or no income tax saw net gains, indicating a post-pandemic trend of people moving to areas where their money goes further, facilitated by remote work.
"the tax foundation found that in 2021 high income tax states saw net migration loss of residents while low or no income tax states saw a rather significant boost the trend seems to be that the pandemic has really shifted the way people view their work and with remote employment becoming a lot more common people are choosing to leave for places where their money goes a lot further"
Migration Trends
Pending