California
In reply to the discussion: VOTE NO ON PROP 10, OR I COULD BE HOMELESS.... not kidding [View all]DonaldsRump
(7,715 posts)on other points are usually right on. I hadn't really focused on this issue, but I am going to now because of the real concern she and others are displaying. For that reason alone, thank you to her for bringing this to my attention.
One thing to factor in: Trump's tax cut REALLY put the screws on states like California, NY etc. I've been reading some articles in the business papers that there is already a migration out of California because of the state and local taxation/SALT limitations that the tax changes put into effect on deductability.
The other very clear thing that is happening, AFAIK, is that there is a national "correction" already happening in residential real estate. In states like California, I think this is going to be exacerbated because of the SALT deduction limitations.
Assuming, for the sake of argument, that it is true that there is a start of migration out of California (and I don't have any way of really knowing that except what I read), how do those who are smarter than me see Proposition 10 playing out if passed or if not passed.
Please help, as I am going to do early voting this week or early next week!