California housing costs soar 75% in 5 years. Lowest home ownership rates in the nation.

Photo above – California Governor Gavin Newsom, who is fond of telling voters “As California goes, so goes the nation . . . you have to let go of your fear . . . “

Long story short:. An “upper middle class” office worker earning $130,000 moves to California. And immediately finds that he or she is NOT middle class, the instant they arrive. Costs of everything are so much higher, it’s like taking an immediate income cut of $30,000. (see link below)

It’s not just housing. Gasoline is 50% higher. Food. Electricity. This is how intense the American desire to live near the beach and warm weather can be. People are willing to live along an earthquake fault line, adjacent to brushfire zones, and in tents along Los Angeles downtown boulevards.

And there is apparently no solution. At least according to the authors of the study. The article backhandedly celebrates the exodus of workers for other states, as if wage slaves are the sinister figures behind the curtain manipulating housing permits, oil refinery shutdowns, and solar/wind mandates. Those lower income people can’t even name their congressperson and would be unable to explain why they’re getting financially screwed from the moment they wake up.

The “personal debt” of Californian’s is now $3.2 trillion. That’s about $100,000 per man woman and child. A family 4 owes $400K. Someone will to interject that $3.2 trillion is reasonable, because it includes mortgage balances. And I would remind them that only half of Californians own their homes (or tents). And many single family houses are paid in full, with no mortgage. The total debt in California is approximately the same as (reported) income of people working.

I’m just sayin’ . . .

Opinion | New CA studies give lowdown on sky-high living costs

TOP 25 QUOTES BY GAVIN NEWSOM | A-Z Quotes