Political unrest, increasing taxes and poor use of that money. These are just a few probable reasons why the rich are leaving California. As times get more challenging, California is quickly becoming an interesting state to watch as residents and residential income experiences a major shift. Join Joe Cucchiara and Jack Russo in this discussion on why more people are choosing to leave California and where they are going.
- Increasing business and homeowner taxes
- Bay Area housing market going berzerk
- Are small things making the biggest differences?
- Poverty, crime & medical services
- Moving to a US territory like Puerto Rico
- Giving up US citizenship and paying an exit tax
- Moving to a lower tax state that is close to California
California is not the only state having these problems. Check out this NY Times article on the millionaires tax in New Jersey.
If you wish to contact Joe Cucchiara email him at Joe@RERadioLive.com, call (408)-838-9060 or simply visit www.RERadioLive.com. We also provide additional information to help you make smart decisions in and around your real estate venture.
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