The Ruthless Rise & Fall of California
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- čas přidán 10. 06. 2024
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California’s economy is massive. If it was an independent nation it would be the fifth largest by GDP. In the Span of 150 years California went from a far flung Mexican territory with only 150,000 people, to arguably the most influential piece of land on the entire earth. Yet today it has the highest poverty rate when adjusted for cost of living, thousands of large companies are moving out, and for the first time in its history it lost population in 2020. How did California become so incredibly rich, just to become unaffordable for a vast majority of its population?
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Contents of this video
00:00 - California’s Economy
01:21 - California Exodus
04:20 - The Gold Rush
07:24 - How California Became Rich
12:26 - California's Cost of Living
14:37 - Worsening Educational System
15:35 - Unemployment & Inequality
16:47 - Taxes & Business environment
18:03 - Business Exodus
19:29 - The Death of the California Dream
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Sources used
www.theatlantic.com/ideas/arc...
siepr.stanford.edu/publicatio...
www.economist.com/united-stat...
calmatters.org/explainers/the...
Not so golden after all by Larry N. Gerston
calmatters.org/economy/2020/0...
www.loc.gov/collections/calif...
www.businessinsider.com/calif...
www.businessinsider.com/silic...
www.statista.com/statistics/2....
flowingdata.com/2021/03/25/in...
• What’s Driving Califor...
#CaliforniasEconomy #CaliforniaHistory #CaliforniaMidterms #Economics #CasualScholar
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Hey
ok
Stupid video - back when CA had 33 million people, guys like you were saying everyone was leaving. Now we have almost 40 million. CA has the 4th largest economy and will overtake Japan in 6 years to become #3. Oracle, HP & tesla have not left CA, they've only opened an office or factory in Texas - all of their talent is in CA. You MAGA's need to focus on why red states are so poor.
Unrelated question to Casual Scholar: What would be your solution(s) to the above problems you mentioned? How would you reverse this if given the ability to do so?
@Big Dick Black It obvious he had an agenda making this surface level video. You won’t get a response.
I'm from San Diego, born and raised. The only reason I can continue to live in CA is because my parents bought 2 properties while real estate was reasonably priced. For example, my dad bought a 3 bedroom condo for 30k in '74. Now that same property is worth about 600k. To put that in perspective, 30k was a little above my dad's annual salary when he bought it. 600k is like 8-9 times my annual salary. I inherited the place and never had to pay any of that. I'm now paying $400 in HOA fees a month, and like $50 a month in property tax, and another $150 in utilities. But that's it. $600 a month for housing costs. I consider myself very lucky. So many people out there struggling to make ends meet because of living costs.
You have to take interest into account, in ‘74 it would have been about 7.5% 30 year interest. And by 1980 closer to 12-15%.
@@TheSteinbitt the house was $30k. please take a basic math course.
@@Unfluencer 30k at high interest is still a bargain.
HOAs are fucking stupid where I live and having 400 a month in fees sounds asinine
Aye San Diego! Born & Raised as well
My parents are immigrants but I can’t wait to own here in my home
Back in the day, when I purchased my first home to live-in; that was San Fransico in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
@@hunter-bourke21 Please tell me how can I connect to your advisor. My funds are being murdered by inflation, therefore I'm looking for a more profitable investing strategy to put them to work.
Sure, the financial advisor that guides me is Mary Onita Wier and she's renowned and has quite a following. So it shouldn't be a hassle finding her. Just look her up.
Thanks for sharing this, I googled *Mary Onita Wier* and after going through her resume, I can tell she's a pro. I emailed her and I'm waiting on her reply.
The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the California area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy or not?
If you are new to the market, I recommend seeking professional assistance. The most effective approach to creating a well-organized portfolio is to begin with a professional who is knowledgeable about the turbulent yet profitable market.
Over the past three years, I have been working with a professional who has provided daily guidance on my investment decisions. With their expert analysis, I have realized gains of over $1 million. Their insights have helped me avoid losses and capitalize on market breakthroughs, particularly during downtrends.
@@MarkFreeman-xi3rk How can I contact your Asset-coach as my portfolio is dwindling?
Can't divulge much, it's only right you do your due diligence. I'm been guided by “Margaret Johnson Arndt” and most likely, the internet is where to find her deets.
Time is market is worth more than timing the market. Indexes are the safest easiest bet. If your asking basic advice you have no business picking stocks. Open a brokerage account and by index’s or index based etfs. Google is your friend.
Also don’t pay attention to it. 90% of people leave the market at a loss within a year. And it’s all because they look at it see red and s themselves. There’s no such thing as 10% annual returns of whatever people advertise. There’s negative 20%, up 39%, negative 15%, up 19%. That magical 10% is an avg over decades. Not a stable you can live if this and rely on anywhere near exact numbers. If you over invest and got no stomach you will end up 20-50% down and leave at a loss. Don’t invest in the market if your not planning on cashing out in 15 plus years. If you want 1-5 year stable returns with no rollercoaster fund a decent cd, dividend, or foreign bank account and settle for 5-7% reuturn (3-4% after taxes, inflation, exchange, etc).
A little side note. There's an area just south of San Francisco called Candlestick Point, that's where the Forty Niner's used to play football, at Candlestick Park. That area got it's name from what you mentioned at the beginning of your video about sailors abandoning their ship to look for gold. Their ships would be towed to that part of the bay and burned, as the ships sank with their masts on fire it looked like candlesticks, so that's what the locals began referring it to, Candlestick Point.
Thank you.
Why would anyone abandon a ship? Ships are expensive.
Kewl story! I actually mean that haha this was interesting!
@@kyle857 it’s like Uhaul of today, but in the opposite direction. Nobody wanted to leave CA by ship, and it costs money to have a permanent place to dock it.
@@kyle857 the story goes in the early days of the city if you sank your ship, which you owned, the land it rested on would become your property. Once they started filling in land. Ship owners are now property owners. Not sure of the whole truth but when they were digging new tunnels for trains they found an old shipwreck
It's fascinating that Thomas Edison inadvertently created the Hollywood film mega-industry simply by living in New York and being litigious.
And ironically Hollywood industry that once wanted to dodge the litigation are being litigious themselves.
@@L_ky “He who fights with monsters should be careful lest he thereby become a monster. And if thou gaze long into an abyss, the abyss will also gaze into thee.”
I saw something one time that said part of the reason they chose California is because they had two choices Florida or California. At the time films needed a lot of sunlight and that was your two choices. California doesn't get a hit by hurricanes
Fascinating? Thomas Edison also received the most patents. Impressed? Where is g.e. today? Going as far as selling off its incandescent light bulb production to save itself from being totally insolvent. Edison was rumored to functioning on almost no sleep. When he did he took "cat naps" in his office. Sound familiar? Musk also does so to passively coerce his employees to overwork them selves. Edison was green with envy when teslas a.c. was made the standard format to distribute electricity over his d.c. going as far as trying to discredit a.c. with public displays e.g. electrocution animals with a.c. to display its danger...
@@1catinhat would you rather have an earthquake or hurricane? A dry desert or unbearable humidity. Sharks or alligators. Droughts or saltwater? Both have saltwater. You get one for the price of two. Or new York city that prides itself for its greed & callousness & indifference. e.g. the freedom tower is now 1 world trade center. It cost almost 3 times the cost of the of the tallest building in the world. Why? To make it more secure? We may never know. As far as changing its name from freedom tower to one world trade center? Perfect. It looks like a 1776 foot high phallic symbol. n.y.c. with its filty subways & unsanitary streets make it the world's largest toilet. How about cruise ships? They create a huge disproportionately amount of air pollution. Waste disposal? It has become known they have designs that they can illegally dump filty sewage. Cruise ships? More like floating toilets.
Isn't it ironic how California created the very technology that enabled businesses and tech workers to move out of California?
That’s how Capitalism works. That’s got nothing to do with “California”.
lol
Not really, since the same tech companies seem to want to leave Califonia too. They aided their own migration.
@Big Dick Black California's big problem isn't how many people are leaving but who's is leaving. Rich people and big companies are moving.
Not quite, it also fucked itself with its own policies, there is a reason why Texas is poised to skyrocket
That awkward moment when you realize something as boring as zoning / construction laws are largely responsible for a vicious cycle of economic imploding.
aggregation of marginal losses/gains.
too many ppl ignore the small details.
the fact that california even relies on taxes is rather stupid and bad planning by the local govt.
all part of the plan
That’s not even true
So glad I got out of California. Me and my siblings assumed we would never own homes, and that was just a fact of living in America. 1 year after leaving California we bought homes on blue collar incomes. American Dream is still here, just not in some states.
The problem with being from California is that the weather makes you too comfortable to want to move anywhere else. You either have to move some place that’s too cold, too hot, too humid, too rainy or abroad.
For sure, and I'm not even actually from CA. I came from a place that had several typhoons a year, sometimes up in the Cat 3-4 levels.
After living in CA for several years, yeah, it's hard to imagine dealing with weather that isn't just hot. I live inland, so the temperature is brutal in summer, but it literally never rains, storms, or anything.
A bit generic of a statement, maybe if you talk about where the vast majority of people live then yes it's true, but California has areas that get really hot, really cold, snow, etc.
Yeah but I think a roof and food is a strong motivator.
Hmmm, a bunch of weaklings
True but the “weather” in California gets pretty boring since it’s the same all year long
James Marshall could have been the richest man in the world had he kept quiet about his find.
Sure for a while, gotta remember that when it comes to gold people get ruthless. Back in those days gold rushes got really wild, eventually somebody else would have found out and word start spreading.
Could HAVE
@@tmdwu5360 If I found gold, I sure wouldn't tell ANYONE about it, not even those I am close to.
@@Labyrinth6000 That's way you will never find one 😄
California would’ve stayed majority Hispanic
I'm actually trying to build a tiny house in CA right now, and I've found out they HIGHLY discriminate against poor people. With permits, regulation requirements, and other added costs, I'm paying 30,000$ to the state just to be able to build anything. Honestly, its depressing. There's no future in California for anyone not making 6 figures. I'd pay the state the same amount it would cost to build my house, and for what? I'm basically paying them to stop me from using my own land.
Same experience. Building anything in CA is double the building cost at a minimum.
This is sad to see, but accurate. My late wife was a native Californian and despite being poor it was a great place to grow up then. It's sure not like that any longer unless you inherited a place to live or have a lot of money.
Welcome to American Capitalism friend 🇺🇸
Welcome to Democrats my friend
@@faheemabbas3965 I thought Democrats were supposed to be Communists?
@@jacksevert3099 They’re more like trying to European, but not understanding how and why the European countries were able to get away with the social welfare systems they have. The Democrats party ultimately has just becomes the party of the non-profit industrial complex because the unions don’t participate enough in politics and only ever talks to the courts and fanciers.
I know the feeling. It’s not easy living here in the Bay Area.
I'm in LA and what I'm seeing is the growth of upper middle class and lower class jobs. This is bringing in more people that make $125k+ while also attracting people making less than $50k. The average neighborhoods are becoming either more affluent or poor. The "middle class" can no longer sustain the lifestyle they have had and are moving to other states. This trend is dividing the community as you are either well off or barely getting by.
CA is the future of US: mostly Haves and have nots. Very few (comfortably) in the middle.
It is the same everywhere. Housing is only affordable for the upper class forcing the lower middle class is just struggling to survive. This is why soome are trynig to stop lower middle class people from voting in this country. Sooner or later as their numberincrease, the upper class will have to start paying their share in taxes. Didn't mean to go off topic, but it isn't really off topic.
@@jameslinzmeier368 it's not so much/or only the upper middle class, it's all these investment firms, banks, basically wall street who came out the 2008 recession flushed with cash with a housing market ripe for their taking. Much like now with fed raising interest rates drving the real estate market down. Housing clearance sale for those who don't need financing. I still can't fathom how banks leveraging/creating money out of thin air at 23-28 to 1 found themselves in financial trouble. Give the average citizen the same power and I'm willing to bet we'd fair better than these industry geniuses. The financial geniuses label applies only because they actually got off unblemished whilst most sheeple argued about issues which affected their feelings/ego (purple teletubbies/sesame street characters) as opposed to personally affecting heir day to day life.
the same thing is happening n the rest of the US but the cost of living in Cali is so high vs the rest that your middle class is upper middle to barely in the upper class. Im in Texas and since Texans have traditionally vacationed year-round in Colo, it is a semi-love-hate relationship. Now Colorado residents say at least Texans go home when their vacation is over. Its the purchasing power a Cali exile brings with them lets them outbid most instate residents where ever they decide to resettle. hen they want to make that place more like Cali. Usually not to the extreme but some things that are normal in Cali are jarring to people living elsewhere.
@@jameslinzmeier368 I think there is plenty of money to go around, people just need to work harder to gain more skills to produce higher quality labor. If you think asking someone for ID is to prevent them from voting, you are wrong. It's to keep non citizens from voting. Who shouldn't be voting in the first place.
Back in the day of Imperial Russia's pacific merchant fleet had huge amount of Finnish sailors, they were very well known around California ports. At their peak, some 20-25% of sailors in San Fransisco were Finns.
How do you know that?
@@rafanadir6958 These are hard to find in english, but i read stories about Finnish people in service of Russian empire, back then Finland was a grand duchy of the empire and finns formed a huge part of the russian pacific crews. Alaskan fur trade was a big part of their job but they sailed all over the coasts of northern and southern america.
I should add that im Finnish myself.
Do you have a source? Would be keen to check it out
@@NorthSon information was difficult to come by in english, but i managed to atleast find this one.
en.wikipedia.org/wiki/Johan_Hampus_Furuhjelm
They also had 3 Finnish ships called Sitka, Atka and Fröja. One of them had a Finnish captain called A. W. Riedell.
@@tmdwu5360 Cheers mate! Seems interesting, will give it a look
This may be the golden age of educational media. There’s been a rise of independent, no-budget, high quality, producers like this channel and others on CZcams. Hard to believe this is practically free. Great job bro 😎
if only we could get guys like this on the front screens and less of the nutjobs consprio vids popping up. But yes there are some amazing Educational vids about Business History, Military History ect....(those are the ones I sub to so those are the ones i know)
"Dan Walters, a journalist who has covered California government for more than 50 years, wrote in 2020 that the Golden State is beset by a “crisis of competence.” As a result, government agencies’ “chronic inability to provide rapid and efficient service-to simply do their jobs-has created boundless frustration and anger.” His list of particulars is long and depressing: accounting systems that don’t mesh; housing programs that don’t mitigate homelessness; a high-speed rail initiative that the Times, once an enthusiastic supporter, recently called “the project from hell”; schools that don’t teach; a power grid that takes sabbaticals.
Vox founder and California native Ezra Klein reluctantly conceded the point in the New York Times earlier this year: “If progressivism cannot work here, why should the country believe it can work anywhere else?” That is, a state where Republicans are in no position to prevent, undermine, or even discredit any policy initiative should be highly conducive to progressive achievements. Democrats hold supermajorities in California’s state legislature and account for 80% of its congressional delegation. More than a decade has passed since a Republican won election to any statewide office.
“California is dominated by Democrats,” in Klein’s summation, “but many of the people Democrats claim to care about most can’t afford to live there.” In the wake of its governing failures, California has turned into a net exporter of people to the other 49 states."
claremontreviewofbooks.com/progressively-worse
I was born and raised in California, San Diego area, and I joined the military since I am first generation and realized I had no way to pay for college besides loans. I was stationed in Kansas and it is so cheap out here even though I want to move back home the cost of living in CA completely demoralizes me in wanting to do so. Im actually trying to convince my close family to move out here as well.
Who the heck wants to live in Kansas though. I'd rather be poor in Cali and living pay check to check than living well off in Kansas.
@@lawbringer9857 My brother and his wife are soon going to be retiring out of California though they don't know yet where they will go?
@@lawbringer9857 I would rather be anywhere than california, ESPECIALLY if i'm in cali and broke.
Please don't destroy other states because you let "progressives" destroy yours.
@@picklewithinternet2254 even when ur broke there are things to do in cali
Back in Beach Boy days, a typical LA apartment rented for only like $250 a month in today's money. LA was once known for cheap rent, or so I've been told.
LA rents were fairly cheap as recently as 2010. You don't even have to back to the 1960s.
@@rexx9496 You have no clue what you’re talking about. I moved out in 2003. It’s been expensive the entire time I’ve been here.
@@Dcoxtxful in 2010 I had a beautiful spacious 1 bdrm with fireplace and balcony. One block off Ventura Blvd in Sherman Oaks for $1150 a month. It's probably going for double that now.
@@rexx9496 that's not cheap lol
@@erebus79 It was a pretty nice apartment in a great walkable area. For the time it was a good deal.
I lived in San Diego for decades. I never dreamed of living anywhere else. I loved it there. I owned a house in Serra Mesa. In 2016 we rented it out and moved to Ecuador for a few years. Whenever we'd come back to visit I saw SD with fresh eyes. It's become Los Ageles-ized. If you don't live within one mile from the ocean the weather is like Phoenix by the sea. It's a coastal desert. It's massive high-speed aggressive freeway traffic and strip malls. Great Mexican food, though. In 2018 I sold my crappy little tract house shack for way more than it was actually worth, moved to New Orleans--paid cash for 2 houses (with money left over)-rent one out for income and live here happily ever after. New Orleans is like living in a 3rd world country but there's way more freedom and the people are relaxed and friendly. If you're uber-rich living in San Diego/La Jolla is no problem. But for average middle class folk it's becoming impossible.
I grew up in southern CA and it has been on a gradual decline since early 1980s. I visited recently and it’s depressing. So glad I moved to southeast couple decades ago. Cost of living so much lower, cleaner, people nicer, etc
and $3.35 an hour for wages.
@@seant2808And?
I just moved back to San Diego because of my job and I had almost forgotten how poorly designed and managed the housing and cost of living situation is. A one bedroom apartment can run $2300-$2600+/per month.
Same in Seattle. It’s the whole west coast not just Cali
new york too
@@lordzaack617 New York has been expensive this isn’t anything new.
@@JakeStateFarm420 just saying the whole expensive housing thing people complain about in california can be even worse in nyc , it’s awful
@@lordzaack617 Sure, I was just pointing out that nyc has always been expensive. The people living there knew that when they moved. Cali only started blowing up crazily in the past what 10-20 years? Seattle just starting in the past 10.
Lived in CA all my life, I plan on moving in a couple years. It's just ridiculous the cost of everything here, groceries and gas are through the roof. I got priced out of my rent a few months ago
I'm gonna miss the state I won't lie. There's plenty of good things about it. But the lawmakers just will never learn
Dallas Texas. Think about it. If you want
@@andyc9902 Dallas is shit. A clusterfuck of urban sprawl. About as uninteresting, bland and charmless a city as it gets.
it's the voters too.
@@rexx9496 I meant about taxes and weather. Every where is shit.
Unless eastern Europe.
Trust me every where is shit
@@thejohnbeck the fact that LA and SF have a stranglehold on our decisions makes me dead inside. A lot of CA is actually very red, especially here up on north
The last time I was in California it costed 10 cents just for a plastic bag...... pathetic
I'm from south Florida and had to leave because of so many Californians moving there during the pandemic.
You're not even American, so have you considered going back to your own nation?
The development of the Panama Canal also had a massive impact on the development of California
And the control of the canal being turned over to Panamanians, and the widening they have planned for it, will have further impact in the future
I'm a California-native who moved out of there almost 10 years ago. While I have fond memories growing up there, I just can't stomach living over there ever again. There would have to be a huge incentive for me to even consider moving back there even if the cost and quality of living there became manageable.
Your ass better vote republican else you will turn texas to another california.
I just left
Dude the people there are horrible people they’re all toxic af
Santa Cruz was cool when I was born there in the 70s. Now I hate to visit family and friends because they live in California and are miserable.
Well it won’t (unfortunately)!
I live in rural mid Michigan farm land. I've lived in the city.
The noise pollution isn't recognized until you live 12 miles from a gas station
I was born and raised in SoCal. In the 60s my minimum wage parents were able to buy homes for between 12k and 21k...today those same homes are 650k to 800k...it's gotten ridiculous that wages have not kept up with the cost of living. Sadly, the California dream ended long ago 😢
Born and raised in California, the product of a foreign mother and a father, who moved from another state for a better life. California has been on the decline since the 1990s. My wife and I have a move out plan and gone in the next few years. We already bought a property in another state that we like much better. The state of California is only a couple disasters and a few more bad policies away from absolute anarchy. Schools are terrible, traffic is terrible, the cost-of-living is terrible, crime on the increase, homeless population out of control, insane politics, corrupt unions, massive, housing shortage, skyrocketing utility costs, and basically a local government that literally hates its own tax payers. The only fix for California is for everyone to leave and vote very differently once they get somewhere else. I spent a lot of time in Austin Texas, and I could tell you that city is ruined. Do not make the same mistake. Do not export California’s terrible policies elsewhere as it’s a cancer.
See ya, we won't miss ya
Can you tell more about what you saw in Austin Texas? Austin was on my list of options where to move next...
1980s, when CA's golden age economy was beginning to decline such as its diverse manufacturing industries upon departing at various states or abroad.
When I lived in California nearly 30 years ago I would say one in four homeless people I ran into in the Bay area weren't from California at all but liked to spend time there because California is one of the nicest places in the country to live outdoors. I realize economics have changed a lot and some people are forced to be there, but I would imagine there's still a large proportion of people who see being homeless as being free.
California attracts dreamers who shoulda stayed home. The advantage of states in the middle is their growth is slower & economic busts don't hurt that much. California has no control over the wave of market booms and busts the Right brought back with Reagan & financial deregulation.
@@stellaoh9217 a lot of it is just bad management.
Many of the homeless won't go to shelters, because they require them to be sober. Meanwhile, California has practically decriminalized drugs.
I doubt it. Being homeless isn't something that normal people do willingly, because it involves eating literal garbage. The reason that so many homeless people went to California for the weather isn't because they chose to be homeless, but because they became homeless and ended up migrating to a place where they wouldn't have to worry about freezing to death.
@@michaelimbesi2314 There are other places without cold weather, but California cities also allows them to crap, eat, and do drugs anywhere they want. Let's not forget, CA has also decriminalized shoplifting. San Francisco is the Mecca for vagrants.
I am an engineer in my early 30s and saved up enough where I can put down about 15-20% for a home in California. I have immediate and extended family that lives here for now, but I can see myself leaving if my parents and brother leave (my sister is already out of state)
I'm a engineer also, nothing special but after 8 years in Dallas I saved enough to buy a nice house in cash. That's the difference
True. The only thing stopping me from running away from Commie-fornia is family. My other side live in Washington and I absolutely love the weather there, sure its gloomy and rainy but better than hot and sweaty. Plus no income state tax! 😁
@@henryjohnson-ville3834 Washington is just as commie...
You HAVE to be in TECH to be able to do that or still live at home with your parents to have been able to do that . . . Or MAYBE EARLY CRYPTO INVESTOR?
Get out while you can lol
Born and raised in California.
My mother and I were actually born in the same hospital in Orange County (I remember when Vans were made locally in Orange!).
My parents, who worked in aerospace, were priced out of state in the late 90's. I in the mid 2000's.
I remember noticing the educational change while living in San Diego. State schools were designed to be financially easy for Californians to attend. By the early 2000's that model had shifted to favor out-of-state students because of the higher tuition they generated.
Because of this it became very hard to be admitted by a university over someone coming from outside the state/country.
I still love my home state and I hope something can be done to reverse it's current trajectory before it turns into a state version of Elysium.
Lots of Californians think about moving. But one question keeps them from doing so: where to? When you're from California, or used to living there, moving anywhere else seems worse than trying to wait out the housing crisis. I've had this conversation with literally every one of my friends. They want to move, but can't think of where they'd go that they wouldn't regret. I recently left San Francisco and moved abroad. I'd love to come back in 10-20 years if they can bring housing costs back under control. California still has so much going for it.
I would recommend Colorado. Usually has pretty good weather, though alittle more crazy (no one beats California) with occasional hail in the summer and freak rainstorms flash floods. Has good public lands with great outdoors. Has a decent job market with some higher income industries. And biggest benefit of all is lots of empty land and plenty of affordable brand new constructed housing. Plus the taxes are reasonable and government is pretty moderate. Also has a good airport with good connections.
Biggest negatives: far away from anywhere you might want to travel to, especially if you like traveling out of country. And the infrastructure in center of denver is badly planned. It's like a small city grid that grew way too large and now its a massive gridlock. The food options are very meh. Everything shuts down and closes by 8pm, even gas stations close down at like midnight.
But if Calfiornia is too expensive, colorado would be #1 on my list.
@@chrisblue4652 I'd say Colorado, Austin, and NYC are the most common places for people I know who have left. And I think it basically comes down to whether you can tolerate cold weather. Californians don winter coats when it hits 65 degrees, haha.
If 10% of the people talking about moving out actually do, then cost of living (housing) will drop enough that it the rest won’t. The video doesn’t really get into the people leaving are lower income and education than the people coming in, which is good and bad, and that companies moving hq out is meaningless really. These companies aren’t growing or it’s just a token number of jobs moving with them. Most of Tesla and SpaceX eng are still in CA for example. HP moved their enterprise division which is dying if not dead already
It’s the literal human shit capital of the United States. I hope to god for y’all’s sake it does get cleaned up. Meanwhile I’m just hanging out in Texas enjoying my lower taxes and gun rights
I do not recommend Florida
I lived in Arizona for most of the nineties, plenty of California exodus happening then. The classic was getting houses in both Flagstaff and the valley for cheaper than one home in any coveted Cali local. People in Flagstaff frequently told me how real estate there skyrocketed in price from this. Suburb in the forest.
I'm not from Flagstaff and I don't intend to move there, but I visit somewhat often and I really do wish it was the kind of place no one knew about... Like, it's Arizona, no big mountains and trees here, nothing to see move along
Cali is ruining AZ. It's very 😔 sad.
@@ecinaz californians ruin every place they move to, the housing markets and costs of living explode where ever they go
@@ecinaz yup. Arizona is turning democrat from all the idiot Calis moving in
@@ecinaz It ruined AZ. Housing is getting into Cali prices but wages and jobs aren't keeping pace. two bedroom apartemnts go for 2200 a month. It's not the same place I grew up in.
I live in Boston and I am on a zoning board, and there are two important factors on housing you left out:
(1) 2nd homes - weekend apartments: a trend seen in New York, Boston, London, Paris, etc. is prime property in the most desirable neighborhoods is being snapped up by the ultra-wealthy who utilize these as 2nd properties throughout the year. This causes the merely rich to become priced out and cascade into working class neighborhoods, displacing more people. This is why hardly any Italians live in Venice, and that city is hemorrhaging population.
(2) Foreign investors: the US is one of the few countries to have zero residency restrictions on property sales. Many foreigners, especially from places like Russia and China, will purchase luxury central city condos as a way to park their money outside the reach of their authoritian home governments. This has the effect of continuing the demand for luxury housing which a region normally has a finite limit for, leaving cities with a tons of vacent but owned properties, and crowing out investment for workforce housing.
I was born and raised in CA. Lived there most all my life. I was forced to leave because I could no longer afford to live there.
"Silicone" is a man-made polymer derived from the chemical element Silicon. It has no use in computer chips, rather it's used as an insulator and some plastic/rubber products.
The name is Silicon Valley, because semiconducting silicon wafers form the basis of integrated circuit technology.
Cheers Jeff
silicone valley is further to the south ;)
@@timun4493 lol
@@timun4493 beat me to it goddamnit
I noticed the same thing. I think the pronunciation of silicon was just a function of his accent, though. He only said something similar to silicone once in the video, the remaining instances of the word were all stressed correctly.
As someone who grew up in santa cruz ca its extremely sad to see what has happened to my hometown
You make it sound like Republikkkan shitholes like Idaho, Missouri, Alabama and Mississippi
Remember Texas let 250 people FREEZE TO DEATH because they didn't want to spend money to weatherproof their power grid
Native Santa Cruz mountain boy here. . .yeah Santa Cruz itself is getting pretty weird(in a bad way). Lots of tech workers, $3,000 studio apartments, and traffic on the 1 is absurd every morning/evening.
@@life_of_riley88
Part of the blame is the stupid US suburbs and lack of public transportation
If the US had European surburbs and public transportation we would be much better off! Damn you car companies!!!
@@christiandauz3742 I do agree on transportation, but I see a much bigger issue.
Its the fact that some people in the local(to places like Santa Cruz) economy have access to basically free money. When credit for companies, real estate buyers, VC investors etc is basically free or is so cheap as to be free, all that money ends up in the hands of workers, founders, managers etc of those entities that can borrow cheap. So if you had tons of very cheap money at your disposal, what would you do? Buy real estate, that's what you do. Our money is broken, and some people have access to such cheap money that it almost doesn't matter to them. For everyone else, all they see is real estate, cars, rent etc going up in price at 10+% per year. This is because THEIR money doesn't come so easy, or free. It's all because the cost of borrowing has been basically free since 2008.
I went to UCSC circa 2011-2016. It was getting bad at that time. I am glad I went to school at that time and not later. I can't imagine what it is like there now in terms of cost of living.
This was a well done video. I was born and raised in California. Left in 1990,but recall the good times of the late 60s, 70s and even 80s. Got my education while it was still good.
11:08 higher education was never "free" in CA. There was officially no tuition, but there were plenty of fees, which amounts to the same thing.
I lived in San Diego as a teenager and young adult. I loved it there but when my dad retired we just couldn't afford the cost of living anymore and I couldn't either as a young college student. Additionally, the San Diego wildfire of 2004 which was the worst wildfire in the area up to that date was something very scary we did not want to relive and they fires have only gotten worse. We moved back east. Ironically ended up in a town whose tourist industry boomed after we moved here 17 years ago and now the cost of living is getting insane here too. I have met so many other people here who have fled California.
Yo remember the the red-orange skies that looked like a horror film, everyone masked up, no school.
I was a tiny kid but I remember that time.
I remember the Cedar fire in 2003. I was 8 or 9 and I remember the ridge of the mountains in front of our home glowing red and orange. We didn't have to evacuate for that one, but we did in with the Witch Creek fire a few years later. That one got to within 10 feet of our home and burned down one of our horse corrals.
Now, I live in San Antonio, Texas. Honestly, I was never really afraid of wildfire. I know it really sucked for those who lost homes or died, but for me it was somewhat of an adventure. I was a kid, so I just made the most of it. It completely tore through a mobile home park across our street. That became a neat site to visit until they cleaned it up and built super expensive homes there.
I wish I could go back, but the cost of living simply makes it impossible. I complain about $3/gal gas right now in Texas. In California, I never once saw it get that low.
The government simply imposes too many taxes, too many regulations, and spends far too much.
If that could change, California could easily become the best state in the nation. Instead, it's one of the worst.
Oh, come on now, what's a little fire...
You can't be from the North LA burbs if you never been evacuated for a fire!
My first was 1967 at the age of 9
Our back hill, dropped about 100 ft on a grade, luckily we had Sprinklers!
They let us leave them on, the fire burned everything past their spray pattern
25 years later, they BUILT Houses on those same hills behind us that burned in the 1960's
Progress
@@StripedJacket yup we had that in SF. It look like the scene from the movie Bladerunner..There's a CZcams video on it🌉🌉🌃🏙🌁🌁
Las Vegas.
As a bay arena native. Cannot wait to leave. The only reason I stayed so long is because I have family that for whatever reason want to stay. In my area crime is exploding and a house is not affordable. They tax the highest yet there’s potholes and roads haven’t been touched in decades. Haven’t decided where I’ll be going. But most likely NV,AZ or FL
The "collapse" of California is one of those sagas that has taken on a life of its own on the internet. It has little to do with what is actually happening or not happening in California.
Agree, I think it's rather overblown to be honest
I agree. California have its fair share of problems, sure, but it also got other upsides - just like anywhere else. The internet is too sensationalistic sometimes.
It's overblown but things are going that way. Overall crime is lower in California than many states, but this is changing. Homelessness is so widespread that it changes the daily lives of not only its victims but everyone. And housing costs being so unsustainable and rising so quickly and consistantly will warp the economy more and more. This will further reduce quality of life even for those who can afford good housing because there will be fewer and fewer people working in necessarily low-paying (or even moderate-paying) service jobs that the economy runs on.
California, by many metrics, has had a very high quality of life. But rising homelessness, rising crime, and rising home prices will lead the state further snd further doenhill, even apart from all the controversial political issues.
@@MetalSandman999 I think it's like that everywhere now though. Big cities in Texas are pretty expensive now. Florida is getting expensive compared to even 2 years ago. I feel like everywhere is likely going to decline in quality of life as prices, particularly housing, keep increasing. Unless we all move back to small towns and work at the gas station or supermarket, we're all in for a hit I'm afraid, not just California.
@@MetalSandman999 idk was raised in Southwrn Florida and been to LA. I have never ever seen so many homeless mentally I’ll people on the street
Also been to several cities , Philadelphia was insane. Holy shit
I used to live in Southern California from 1996-2022. Now I am living in Washington state and I would never go back where I just been through
Which part of WA? Hopefully the eastern part.
I was born and raised in California and I am preparing to move next year. My wife and I both make ~$90k a year and we cannot afford to live here. The crime, homelessness, awful apartment living with high rents, and terrible governance are reasons I cite for leaving. We will pay the outrages mortgage interest rates to get the hell out of here and raise our family.
Where to?
That's fine and all, just don't turn wherever you're moving into California.
You make $180k a year and there's NOWHERE in California you can live? Nice joke
@@JorgeM270 I think they mean to say they can find the same quality or better for cheaper. Taxes in CA is a bottomless pit of all things good.
@@JorgeM270 most likely before taxes and they probably make that amount in a city like LA or SF where they still wouldnt be able to afford a house or a mortgage on top of other expenses
I'm a Victorvillian resident, [YES, Victorville is a real Cailfornia Town/City] and it really isn't that bad here, I recommend LA residents move here, one house can cost around 60k$ to 30k$
You may experience some drought but it's okay! It's warn a nice in spring and cold in December, and yes there are delayed snow days sometimes.
LA residents, please move to Victorville!
Wow! This was so well made. Bravo 🎉
I was born in California and lived there for 30 years. Moving out of California in 2018 was the best decision I ever made!
Good for you
Great job. Just don't vote for the same effed up policies that you escaped from.
@@ecinaz I never did vote that way, or fit in with the average Californian!! I absolutely love our constitution and my right to bear arms!!
@@ecinaz what the heck is going on in AZ? No way Hobbs won that IMHO
@@Stupid_you_so_stoopid_UHF Cali is ruining AZ. I live in liberal Tucson which is only like 30% conservative, but I can't believe that Hobbs won. I'm still in shock. I can't believe that Arizonans would vote for a total socialist, anti-police, pro open borders, gun grabbing, CRT supporting, tax raising nut job. People have lost their damn minds.
One of the reasons that California continued to have Silicon Valley be what it was/is, is that California has the most worker-friendly non-compete laws in the nation. No one who wanted to leave a company to start their own was basically free to.
There are many reasons that Silicon Valley was built in California. UC Berkeley, Stanford, Lawrence Livermore Laboratories and the purposeful accumulation of very bright people and very-well financed research facilities created the atmosphere that nurtured Apple, Google, Intel, and all the rest. The same thing can be said about Massachusetts and MIT and North Carolina's Research Triangle. There's more reasons to invest in colleges and universities than creating football teams that win bowl games.
I’m from San Diego, my dads side of the family is from Chihuahua and TJ, my moms side of the family is from the south and Ohio and Kentucky. The problem is with California is the house costs, my house cost $815k just for a 1 story 2 bath and 4 bedroom with our own garage. I’m constantly seeing my family moving out of California and to cheaper states like Texas. For an example, my uncles house in Dallas is a 2 story 5 bedroom 3 bath with their own backyard being huge and a child’s dream just for around $250k - $300k. California really has to fix this.
Nothing will change. The voters here keep getting dumber.
As a Californian who's lived in TX for 10+ years, I'm glad companies and general public are/is migrating in large droves. No state should hold so much power.
Lol
New York State was as powerful as California in the 1900s
@@meep2253 California is not responsible for people's/company's choices, but they ARE responsible for how they govern them.
@antonio perez most of those companies were these before the heavy taxation. They're all moving to Texas for a reason. Also those people ate moving to Texas and Texas will also be ruined.
Hope you left your Democrat politics over there. Don't california my texas.
Very well done, I really like your mix of graphic visuals and live footage! I’m sure this takes quite some time to put together, kudos!
I finished my high school years in Northern California, joined the military afterwards and completed a full career. Amazingly, I received orders back to CA for my last assignment. I retired and stayed local with my family, however, it didn’t take long to realize why 95% of the other military members who attended the same transition from mil to civilian class with me all decided to leave CA. I regret staying here and as soon as our youngest graduates high school we are partying ways with this place. The biggest problem with this entire state is its collective inability to be innovative. That used to be a strength and alluring attribute…it’s now a hindrance due to all the accumulative bad decision making generation after generation. I will not miss this over-rated and full nightmare of a state. The wounds out here are completely self inflicted, taxing everyone and everything into oblivion is driving the exodus and speeding up the timetable for a complete collapse. I don’t want to be anywhere near this place when that ultimately happens. Yikes!
Great video, but the attempt to add a glimmer of hope at the end won’t save this place.
>>biggest problem with this entire state is its collective inability to be innovative.
@@alexmuenster2102 calm down lol
If you plan on moving out of California check out Garden City, Kansas it's becoming a place for alot of California's that move out state. Garden City, Kansas is booming and expecting to reach 100K population in about 30 to 40yrs. Garden City, KS also was ranked 2nd best place to do business in the state of Kansas.
California isn’t innovative? Tell that to CZcams, and Facebook, and Google, and Tesla, and SoaceX, and…the the top Four of the top 10 best universities on earth.
@@christiang8859 I would rather be poor in California than very rich and have to live in Kansas
It is mind boggling how the State of California decline to this state in 50 years.
Not really. When you have people who won't change their far leftist voting ideology, the result is a ruined state. Then when they move they take that same ideology to their new state to ruin that state as well eventually. Liberalism ruins whatever it touches. Just look at all the cities in blue states. They voted for this in California and wonder why their state is in the shape it is.
Yeah I am 69 when I was a kid and teenager California was the place of a young mans dream , but not now its sad what has become of this rich state which once was the envy of the rest of the country .
I know states are hating on Californians, but we didn’t want to be priced out. It could have happened anywhere, but it happened to us. Leaving everything because you can’t afford to stay feels awful. I’ll miss you forever SoCal.
The thing is when people originally moved to California there was a good time where people can rise up ranks, and there is still opportunity today for that to happen still if you take proper advantage of it. For people moving out for cheaper areas eventually the population will became unstable and due to how those states are structure the housing market will definitely collapse faster. There no Florida dream or Texas dream it just cheap that you have to live there but will it always be like that where there heading it doesn't look like a lifelong investment.
It didn't just happen by accident. California's poverty issues are caused by socialist-progressive policies and were easily and actively predicted.
@@andrewgoss6486 I didn't know corporation buying up property to price gouge, and home Airbnb are progressive policies. When that bill that happen decades ago caused by progressive polices that force single housing, and limited the government power to have California to have too much NIMBY power that halted any future project that can change the neighborhood for the better. I didn't know that was a progressive California sounded more like a Reagan or Dems neo liberal California that spread everywhere. Also why is Florida problems exploding way quicker as there population grow more and more faster in such a shorter time that California's did in in decades. sounds like there housing market ain't as great as California. I didn't know Florida is a progressive state.
@@mattliehr3124 Yes it way worse.
@@andrewgoss6486Did you miss the part in the video in which the beginning of Cali’s problems began with the decentralization of housing on coastal areas to benefit the rich? The transition to large single family homes wrecked the infrastructure already built there, ie: private ownership kinda started the downfall of those huge economic areas of cali. Sure you’d like to say “muh taxes”, but that isn’t really the case here. The taxes are a consequence of bad economic policy and privatization. Good infrastructure really plays a huge role in a population’s ability to function correctly, and the snowball effect of bad policies can really ruin things for a nation/state.
As a Californian who left (2020) and is subsequently going back (2022) here are the reasons you might stay: 1) Don't believe the hype. I couldn't see the forest for the trees (making good money from my own business regardless of the hype about taxes), and I make far less money now in Michigan. Don't be so sure you are better off because you can pay cash for a house or can put 50% down somewhere else. Really do the math with your California education and then do it again to make sure 😉 2) People are tribal and although we have NorCal and socal and little petty tribes within California, we are perceived as one people by other Americans. You will be "The Californian," wherever you go... 3) You have more in common with Californians than you do with other people. I didn't realize this because we have petty tribalism within the golden state but we Californians who grew up there are our own culture. You will miss it when it's gone, even if you move with your whole family... Just food for thought if you want to escape because things aren't great right now. Most California issues are worldwide problems if you want to end up in a place with similar amenities.
The reason there are so many homeless in California is because California is the best place in the world to be homeless and they come in from all over. The combination of very mild weather and generous benefits for the homeless makes California a magnet for them.
And also illegal aliens who harass and steal from the locals and make them want to move to other states.
@@crand20033 I live in California and have never been harassed by illegals or know anyone who has been. Illegals by and large are the hardest working easiest to get along with people you would ever meet. Some of the AH who take advantage of them are another story.
@@matthewhuszarik4173 I lived in Huntington Park and had a lot of trouble with the illegal immigrant gang members there. I was burglarized at night at gunpoint, one spit at me while i was walking by, and one stole my new bicycle. I saw some stealing a car and taking it apart. They were always causing graffiti and crime. Terrible place.
@@crand20033 You live in a real bad area? My sister lives in Scherman Oaks and has never had any problems. Mother in law lives in Oxnard and never any problems. We live in Santa Barbara and it is the same.
How do you know these gang members are illegal and not US citizens? I have found all the for sure illegals I have dealt with are hard working, respectful, quite, and don’t make waves.
@@matthewhuszarik4173 They come in with no money and have to rob, burglarize and steal. Honduras and El Salvador are very dangerous countries. Murder capitals of the world. You can view videos on youtube about the gangs, drugs and murders there. Plus it's the worst place to be a woman because Hispanics are hotheads too that get angry easily so the women are dangerous too. Highest homicide rates are: Tijuana Mexico 2,367 1,763,197 134.24, 2. Juárez Mexico 1,522 1,455,923 104.54, 3. Uruapan Mexico 30
Yep ... my wife and (adult) daughter and I got the hell out of California, never to look back, well, except for watching this video and thanking myself for actually finally getting my wife to agree to get the hell out of that massively expensive state that, honestly, I have no idea how anyone can afford to live there. Plus, there hasn't been potable water there for several decades, unless, of course, you start counting right at this very moment in time, as the Sierra Nevada and Siskiyou Mountains in Northern California have been receiving record snowfall during this winter season of 2022/2023.
People just have more Capital than you and America is a Capitalist country. I really don't see the problem unless you're Communist
I used to live in California and had a decent paying job but was living paycheck to paycheck practically. As soon as I moved out of California my net worth went way up. I wish I had moved out of California way earlier, I'd be even further ahead in life.
I just flew out to LA from Tampa FL in early January. It's a fun place to visit as a tourist, but I wouldn't want to live there. California is in danger of becoming a 2-tier society, with just the super wealthy and the poor living there, no Middle class.
it already is, 50% of California rent, and will never be able to buy a house,
Kinda like Florida....
@vidda2000 Florida is way nicer than CA. Imagine worrying about stepping in poop everywhere you go..
Very interesting video, never knew this much about California !
Thank you!!
Kudos to you for being willing to take on this topic.
The problem I commonly see especially in the Sacramento valley is the lack of available housing that isn't already priced out of the market. So often when housing is being built it is extremely expensive Single-family car oriented housing. This drives any substantial growth out of the area and increases the rich-poor divide. What California needs to do to cement its place as the world 4th largest economy is encourage building more housing, multi use preferably close to cities where jobs are. This will help the growing homeless issue and reduce the cost of living for many who are priced out of the market which increasingly sees housing as an investment and not a commodity.
The problem isn't just single-family homes. When we see new high density housing built, whether apartments to rent or condos to own, they tend to be expensive luxury housing. In theory, if you built enough housing on a macro scale than the cost goes down across the board. But you would have to build tons of new housing to have that affect. Meanwhile, what is built doesn't give much option to the middle class renters and buyers who maybe could get by paying $2,000 per month or $500 to buy, but can't afford paying 50-100% more for housing that caters to the wealthy.
Prop 13 is a big reason for this. Municipalities don't want to build dense housing because they end up lowering per-capita property tax revenue.
Retired enlisted US Navy 33 years ago in San Diego. Met and married a local girl and after 30 years together she passed. Spiraling costs, taxes, crime, and increasingly egregious government intrusion helped me, no, FORCED me to decide to sell our home and move to Arizona. Great memories, but it's time to get outa here before home prices tank as interest rates soar.
Good luck everybody, see ya in the funny papers!
An increase in the cost of living trend has been felt nationally.
Yeah, and at least here in Oregon, a good portion of that is Californians fleeing their rotting state to Oregon. Since their housing is almost double the cost of the national average, they can come in and snap up housing away from native Oregonians.
@@cramer4506 Not sure if you have been following the housing market. But literally every state has seen sharp increase in home purchases. Low supply, and high demand for houses. America needs to build more homes if if wants to solve the housing problems.
@@travelgo3720 That's cool and all, but housing costs in California are literally almost double the national average. Which means theirs has spiked far more than can just be attributed to the troubles in the housing market alone.
@@cramer4506 yeah that’s why they go. I bet a lot of owners are happy about that. If it makes you feel better the real estate isn’t dropping in ca.
@@cramer4506 this isn't unique to California it's a west coast phenomena, the geography on the west coast isn't conducive to cheap housing winch elevates the price. Notice how Vancouver BC has the exact same problems as California, Oregon, and Washington. That tells you it's a geographic problem more than the state or even country itself.
Thought this would be a anti-Californian video that somehow supported Texas, but your in-depth analysis blew away my expectations with the somewhat clickbaity title to the objectively factual yet entertaining content. Earned yourself a subscriber.
Thank you! I really appreciate the kind comment and I’m glad you enjoyed :)
I was worried about the exact same thing but it turned out great!
California is still the 5th biggest economy in the world with a GDP of 3.4.
@@jimmyramone7396 4th. We just edged Germany.
@@unclejoeoakland i heard we were about to.
I was born in Yuba City, lived in San Jose, Los Angeles, San Diego, San Rafael. From birth to 2019 I lived all but 8 years in California. Left because of cost of living, draught and fires. Its really unsustainable place to have so many people
I wish you had touched upon the population increase during the Great Depression due to people from Oklahoma and Arkansas looking for work.
Nebraska as well. My grand parents on my moms side are Mennonite farmers from Nebraska. They went to Fresno, reedley, and dinuba in 1934
@@35t10b That too. I only mentioned the migrants from Oklahoma and Arkansas because that's where my family's from.
In California, $125,000 a year is just barely middle class, if even that.
Especially when your salary can just barely manage to make the monthly house payment in California for a two bedroom house.
The new middle class citizen lives alone in a one bedroom apartment. It warms his heart to own a bicycle, his only transportation.
Middle class is 70K in California
@@vikm1341 - $70K is pretty much middle class everywhere, not just in California.
And taking into account that a salary of $200K will barely get you inside the most ordinary house when you buy,
people don't start to move well beyond average until their income approaches half a million. And maybe 25% less in many other states.
It's also worth noting that LA county has more people than 40 states.
more mexicans in LA county then all of Merxico.
@@edmundmcgrath213you’re an Id!ot. There’s like ten million people in LA county. Mexico has like 130 million people
THANK YOU FOR SHARING YOUR KNOWLEDGE . . . 😊
The stats about Venice Beach vs Metro LA population growth since 1960 might be true, but they are applied in a misleading way. Venice Beach encompasses a 3-square mile area and was largely built out by 1960. As the residents have aged and their children have moved out, it makes sense that the population would show some decline as household sizes get smaller. The newer people moving in are also having fewer children since fertility rates are declining. Metro LA on the other hand, encompasses 33,000 square miles and still had an incredible abundance of open land in 1960. So it was much easier to achieve 91% population growth because there were many places available to build houses and apartment buildings.
The substance of this video seems to be taken mainly from an Atlantic Article that was in large part written based on the work of a single pro-housing advocate, so the stats presented are done so in a way to push that agenda, not to present a balanced view of things.
The information about school overcrowding is even more baffling because the number of school children in CA is in serious decline due to plunging fertility rates. Most districts are competing for a shrinking pie of students with other districts, charter schools, private schools, and home schools. The district I live in is considering shutting down 4 out of 13 schools due to a 1/3 decline in enrollment in just 10 years! There are currently more 8th graders enrolled than kindergartners, so the trend is still accelerating!
I appreciate the info you added here. This is why I watch multiple videos/docs on any important topic and then supplement w/ articles. It will be nice to have a one-place-for-all info quality of videos/docs (even if we have to pay for them)
Fewer students doesn't necessarily mean smaller class sizes. As teachers quit or are laid off, there can still be more students for every remaining teacher even if the total number of students declines.
Hopefully remote work will allow places outside of California to also become areas of innovation and growth. The high concentration of wealth in California and the relative lack of it elsewhere isn't good for anybody.
There is a bit of movement to invest in start ups all over the US, and that would definitely benefit everyone.
Exactly! This is a huge country we have! People may benefit to spread out more.
I have noticed Nashville TN has become very attractive for a multitude of reasons.
@@corruptedpoison1 and the TVA had rolling blackouts due to the growth
There are a lot of great points in this - but it's also very unnecessarily grim on the future.
A lot of this could be fixed by building more housing, and eliminating things like "discretionary review" that let people (often old, retired, folks) to stop any type of development that can provide more housing for people. It's kind of amazing how many of CA's issues can easily be traced back to this fundamental issue around housing and how it is (or not) distributed and built through the state.
“Grim” will be the outlook for California for the foreseeable future.
Just love how history is written by the winners. Gold was discovered in California (then part of Mexico) in 1842. Francisco Lopez was searching for stray horses and stopped on the bank of a small creek (in today's Placerita Canyon), about 3 miles (4.8 km) east of present-day Newhall, California, and about 35 miles (56 km) northwest of L.A. While the horses grazed, Lopez dug up some wild onions and found a small gold nugget in the roots among the bulbs. He looked further and found more gold.[3] Lopez took the gold to authorities who confirmed its worth. Lopez and others began to search for other streambeds with gold deposits in the area. They found several in the northeastern section of the forest, within present-day Ventura County.[3] In November, some of the gold was sent to the U.S. Mint, although otherwise attracted little notice.[4][5] In 1843, Lopez found gold in San Feliciano Canyon near his first discovery. Mexican miners from Sonora worked the placer deposits until 1846.[3] Minor finds of gold in California were also made by Mission Indians prior to 1848. The friars instructed them to keep its location secret to avoid a gold rush.
My great uncle was a welder, who moved to California from central Illinois in about 1930, he lived there till he died in the mid 70's. He lived in West Covina.
Homeowners waging a war to keep prices up is accurate, they also are helping to displace people who have lived jere for a century
I've always heard about the "Great California Exodus" and knew a lot of it had to do with the high costs of living, but this video definitely dives deeper into the areas that I didn't know about. The terrible education system, the rapidly rising unemployment rates, income inequality, crazy high taxes, "Zipcode Education". Man, this is truly something.
Thanks for the educational lesson.
@Big Dick Black bro you're going against the narrative !! California sucks!!!
(I like and am moving back to California soon so I am just joking)
@Big Dick Black I’m my Massachusetts and I think the ranking is heavily reliant on Boston, and if they include higher education then it’s definitely number #1 they have Harvard MIT and Northeastern, the western part of the state is like most of the country just common core basic stuff, we also have a lot of really old private schools that bring the rating way up, deerfield academy has been here since 1780 something and has crazy alumni like the current king and prince of Jordan
Most people leaving are doing so for political reasons. Honestly, we need them to go.
CA literally just edged out Germany to become the 4th largest economy in the ENTIRE WORLD. It also has some of the best universities for physics and mathematics, such as UCLA, UC Berkeley, UCSB, Stanford, Ca Institute of Technology, and outputs the largest agriculture yield of any state.
A few cities suck, but the entire state is still a behemoth
@@burtreynolds8030 California has a competitive higher educational system probably turns out many more graduates. The UC and State State systems are often ranked very close and sometimes superior to Massachusetts universities. Both states' educational systems benefit highly by partnering with private companies in the area and Massachusetts is known for its medical and some tech firms. California is the home of many more of the world's leading tech firms with a healthcare network of very high quality, too.
I’ve heard California teachers say their top problem isn’t funding or overcrowding, it’s that they aren’t allowed to enforce discipline, suspensions and expulsions are being phased out with nothing to replace them, and these students are highly disruptive to help create, environmental disrespect. You can find plenty of videos online of students destroying the classroom and all the staff just standing around because they’re not allowed to touch the students.
And yet California has 5 of the worlds top ten universities
@@jjgreek1 do you really believe that?
@@jimandersen3003 California doesn’t have 5 of the worlds top universities?
@@jjgreek1 The only university in Cali that is in the top 10 is Caltech and then the closer Californian uni is UC Berkley in 27, also most of those rankings are BS and based on donations and the number of graduates than how much quality the education has.
@@jjgreek1 3rd worst test scores in the nation for K-12, yet their teachers union is the most powerful union in the state.
I like California and feel fortunate with the weather, people, and values.
What has those woke / leftist values done to your state? Liberalism is like a plague, it kills whatever it touches.
What “values”?
@@agricola No kidding. Plus they keep voting in these extreme far left progressives that institute policies that have put California in mess they are in today. Then they whine about homelessness, high taxes, lack of affordable housing, poor education and countless other problems, yet when election time comes they keep voting for the same type of candidates that will continue this trend. They seem unable to vote any other way, so they deserve what they voted for.
Lmao @video, I know this video was made months before California just got annouced it's the 4th largest economy on the planet surpassing Germany. California lives rent free in everyone head
You do actually need to be in-person to innovate. The issue California faces here is actually just that there are other tech hubs emerging that allow the similar benefits at much lower prices. Austin TX, Miami, and especially Northern Virginia are all examples. Northern VA in particular has a very similar ecosystem of banks, tech companies, colleges, and defense contractors to the one that made Silicon Valley possible thanks to the efforts of the state government. There's a great article discussing it called "The Real Story of How Virginia Won Amazon's HQ2"
The thing is, if places like Austin start attracting high paying businesses lured by low taxes, then the same problems will recreate there. You're going to have housing prices skyrocket from the influx of high paid workers, you're going to have inequality rise, and homeless population increase. And we've seen this in Austin in recent years. Then to accommodate the higher population growth you're going to have to raise taxes to build all these new roads and infrastructure, schools, etc. There's no such thing as a free lunch.
The more tech hubs, the better. I'm happy to see some mention that large state investments in colleges can bring forth an innovative, productive and prosperous economy. There's more to it than having low taxes, little regulation, small and weak government, and minimum spending on education and public infrastructure.
That's funny, because both Austin and MIami are some of the worst possible places you could move to right now in terms of long term sustainability ala their increasing forecast for natural disasters. As soon as those tech hubs are built up they'll come tearing back down.
@@rexx9496 Prices have already gone up insanely in Austin. And property taxes will kill you there, way, way higher than California. So yes, it will happen soon where the homes are basically the same cost as in California.
My company does about $10B in revenue a year and a majority of the work force is remote,
Economics explained just released a video with a very similar thumbnail.
Even though I disagree with the findings of their rating (8.8 out of 10. I would have rated it 6.9 due to extreme instabilities in crime and economics), I found it interesting.
As someone who resides in SoCal with a normal job of 100k. Despite all the downfalls of California, it’s impossible to beat this weather and that’s worth it to me. Especially now that once “affordable” states like Texas are becoming increasingly expensive, it’s better to just stay. Though, I wouldn’t reside anywhere else in California as it would lose its major appeal.
Wow, great video. So insightful! Spot on. Thanks! :)
Thank you! Glad you enjoyed :)
The Exodus is simple supply and demand. California has a well-known housing shortage, primarily because everyone wants to live here. California has more people than Canada and will soon be the world's 4th largest economy... While poverty is certainly an issue here, California is dealing with problems on the scale of a nation. California isn't directly comparable to any other state- the best comparisons are to other countries.
Bingo
the issue is the other states that compete with California are in competition with state,while California competitors are against the remaining world.
It's not just a demand issue. High regulation and bureaucracy make it difficult and expensive to build more housing aka reduced supply. In addition, the Democrat super majority is very much in the pocket of real estate billionaires, so they refuse to do anything that would reduce housing scarcity such knocking down old houses to build apartments/condos.
@@badluck5647 How close is the second most populated state Texas from California? Ill give it to you, about 10M away. The bigger your state population get the more regulations you need to keep a civil tone. And with the economy collapse of China, Japan and British empire that makes California number 2.
@@williamnavarrete2739 With that logic, Texas would be the second most regulated state. However, Texas has one of the most relaxed zoning laws in the US. This this makes it quicker and cheaper to build housing, and it has resulted in more old housing to be converted into apartments/condos. This extra supply of homes makes the cost of living affordable in Texas--unlike CA.
I live in Idaho, and Californians are flooding this state. They’re starting to make things expensive here too. They all moved here for the same reasons, the cost of living is outrageous and the politics are a complete joke
I bet they bring their same leftist voting tendencies to your state. Good luck with that.
I’m leaving next month after living here for over 40 years.
I thought it was the best place on earth, now I can’t wait to leave.
I would say in the simplest term, California was loved to death. I don't see how it could have stayed on its growth trajectory in a sustainable fashion.
It still is growing. Just passed Germany for fourth largest GDP in the entire world.
@@joshknix1866 Well, that will drive the right wing nutjobs crazy. It doesn't fit their false narratives.
@@easternyellowjacket276 yep. It’d also kill their narrative to find out how much California funds red states.
Better zoning laws would have helped California significantly. LA and the bay area should of had the population density of Tokyo by now if the wealthy landowners in those areas did not do everything in their power to screw everybody else over via NIMBYism. The automobile industry in particular screwed CA over. With so much car centrism it is more difficult to keep population density where it needs to be so that people can get by with just walking/biking/public transportation if they need to in order to keep co2/capita emissions low.
@Last line of Defense unfortunately for the conservative line of California failing, the truth of the matter is, California has gone from the 5th to now the 4th largest economy in the world. It is a highly successful state, and that is why it is expensive. Nothing more, and nothing less. Texas is going to be heading in the same direction, too. All of the large metropolitan areas are growing and are progressive. Eventually Texas will be blue, despite Republican efforts to thwart the trend. It is getting more expensive with fees, taxes and real estate all because it is becoming more populated.
This video is a masterpiece. Explains exactly why I left. I lived in San Francisco for about 5 years and watched it all fall apart in real time.
@Faggot Rotten Republican shills, in reality you need to acknowledge home owners who want less property developments are not your friends
Where do you live now? Is it better?
My parents took us out when I was 5 back in 2005 lol, they left for a lot of reasons but crime, taxes and politics being the big 3.
No one on the entire planet should ever have to pay more than 10% of their income in ALL taxes combined. Leave the 90% of all income to the private sector.
The economy went from undeveloped to pre-industrial to resources and agriculture to manufacturing to services to information technology to dead in 200 years - that's a pretty impressive speed run.
Lol. The economy "dead". 😂
The NIMBYs really did screw this state over. Cost of living could be so easily lowered by simply removing their stranglehold on zoning.
I recently moved to Nevada after years of struggling in California. Moving to Las Vegas was the best decision I have ever made. I have this feeling that I just “got out of jail’. Just say no to living in California!
Same and live here too. Fight the casino and phony labor union interests that will bring us down!
Just make sure you don’t vote for the same bums that ruined California, I moved to Vegas as well. Was able to buy a nice home. Couldn’t do that in LA.
@@Westcoast10 LV and CA has two negatives in common though: Illegals/non-merit immigration and lack of religion.
Born n raised in San Diego, traveled all along the bottom states of the US, traversed the SW, visit my family on the islands and worked partially in Mexico. I moved up to NorCal to fight fires and I fell in love. California was made for God's paradise but sadly has fallen so far down into its own self defficating habits that turns this near perfect geographical location and portray it as a hell hole (which many parts are). I hope we Californians fix our home and make it beautiful like how it was formed
Will never happen, it's too pack. Just like a gymnasium, a place can only hold a certain amount of people.
I see what you did there by combining two words to create a new one. deprecating + defecating = defficating.
basically if your family didn’t invest in land or homes and you didn’t inherit it, you’re screwed living here lol
I'm blown away by the quality of your research and storytelling. And I love that this video didn't feel partisan at all - it's just a timeline of economic causes and effects. Well done.
Thank you! I really appreciate that and I’m glad you enjoyed!
Economic cause and effect are often better understood through the lens of partisanship. At least the current state of things.
“Didn’t feel partisan” “notorious environmental regulations”
It also shows he's never been to California before.
@@CasualScholar It is wrong to take so much Tax from rich. CA is driving them away. it is very unfair. IM not rich either.
I was born in one of the poorest cities in the US (Fresno, California) where the individual median income is currently $25,000.
Up in San Fran, it's $55,000.
With such a huge wealth gap, I never saw this state in a positive light.
Question is. With some part of the wealthy population leaving, and the realisation that your urban infrastructure is a disaster compared to most cities in the world, including the north-east of the USA, isn't the real state market in California looking more and more like a bubble? I know it sounds kinda dumb, but if there's a sudden burst of that bubble and the homes lose a huge value in a very short time, reestablishing the market at a normal level, wouldn't that be far more beneficial to Californians?
I'm there with you and I grew up in a middle-class environment outside of San Francisco and the education system also sucked. We were 49th out of 50 States in education bearly ahead of Mississippi.
@@marcbuisson2463 wealthy people aren't leaving, they're coming here and driving up housing costs. That's why there's a bubble. It's poor people priced out of the market who are leaving.
@@pax6833 yeah but with company beginning to leave, it may change things no? Especially on the speculative nature of the market? Like, if there ain't a certain financial profit in the future with less wealthy people, the market may crash for once? It's me being curious and making supposition x).
I was born here too, but I don't live there.
I love the weather of SoCal. Sunny and mild most of the year.
The homeless usually from out of state b/c the weather is easily livable. Some states even bus them over to CA.
Great video and soothing voice over. Keep it up 😃