Why the mass migration to the Sunbelt States?
Richard Osika
Real Estate Development / General Construction NY Tristate, FL, MD, NC, PA, TN, TX, UT and VA
Why can’t you find a U-Haul in San Francisco and if you do get that lucky to find one the cost will be astronomical for a one-way trip to the sunbelt states. Why is that? Well people are sick and tired of paying ridiculous taxes, they are not the biggest fans of their governments’ actions and COVID19 related extended lockdowns.
For example, California is talking about a 17% state income tax as well as a 10-year mandatory tax term for individuals that pack up and leave the state. Yes, you will not live in the state but continue on paying their taxes for a decade. I don’t know how they can even enforce that but knowing their politics they will find some way to do it. Nevertheless, just for a conversation sake we can put that aside and lets just focus on the proposed 17% state tax…..once you move to lets say Texas you get an automatic 17% increase in your pay!
Then you have states like NY…..crime is on the rise, Manhattan is a ghost town and taxes through the roof. It was just reported not that long ago that you are now able to rent an apartment in Manhattan at the same rates as you were approximately a decade ago! We do realize that all this is just a trend and people will eventually start coming back into the cities but just thinking about the amount of damage that will be done is sickening.
Material Processing Products Manager at Groff Tractor & Equipment, LLC
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