California Has Collapsed As Everything Becomes Worthless 

Yet people think slimey Gavin Newsom should replace Joe Biden !!!!?????

Gavin and his cronies must be making a fortune! This is the only reason why they don't fix it...

🤣 LMAO! They don't care because they believe that they will rule over the ashes...

Snake Plissken's third movie "Escape from San Francisco"

Again, thank you Dems.

I can’t believe Gavin Newsom is ok with this. Remember this when he runs for President. He was the mayor of San Fran at one time too.

20+ billion deficit BEFORE everyone left. History is going to be made with how hard SF crashes. When industry changes cities fail. Detroit / Chicago (pension debt of $42 billion and only $9.5 billion in assets available to pay its bills)

THE first dystopian communist model state in America. SF was alive, full of activities and gorgeous when I came to America in ‘72. Look at it, now.

Damn Newsom and Pelosi

The state will pick up the properties cheap. “You vill own natzing undt you vill be ‘appy!”

Black Rock can afford to buy and hold assets like this in anticipation of future growth.

Well Newsom, you’ve outdone yourself this time 😡. What taxes will you raise next ?

I was born in Santa Monica 71 years ago, and I’ve always despised Downtown LA…….

Mayor of L.A, Mayor of San Fransisco, recently replaced Mayor of Chicago, Mayor of Dolton, IL, and others. Trend?

Democratic Governor Gavin Newsom assumed office on January 7, 2019. His second term will end on January 4, 2027. An overview based on people leaving the state. People are leaving CALIFORNIA for various reasons, driven by both economic and personal factors. HIGH COST OF LIVING: Housing Costs: California's housing market is notoriously expensive. While other states such as New York and Hawaii also have high housing costs, California's combination of high prices, limited supply, and significant income disparity makes it the state with the highest housing prices relative to income. TAXES: The state with the highest taxes in the nation is California. This includes a combination of state income tax, sales tax, and property tax. California has a progressive income tax system with the highest top marginal tax rate in the country, reaching up to 13.3% for high-income earners. The state has a base sales tax rate of 7.25%, which is among the highest in the nation. Local jurisdictions can add their own sales taxes, leading to combined rates that can exceed 10% in some areas. While California's property tax rates are not the highest in the nation, the HIGH PROPERTY VALUES result in significant property tax bills. As of 2024, the average cost of a house in California varies significantly depending on the region, but statewide, the median home price is approximately $760,000. HOUSING SHORTAGE: Limited housing supply and strict zoning laws have led to a significant housing shortage, making it difficult for many people to find affordable housing options. In 2023, California saw approximately 110,000 housing starts. This figure includes both single-family and multi-family housing units. HOMELESSNESS CRISIS: The state has a high rate of homelessness, particularly in urban areas like Los Angeles and San Francisco, contributing to concerns about safety and quality of life. California has the largest number of homeless people in the United States. As of the latest available data in 2023, California ACCOUNTED for about 30% of the nation’s homeless population. The mild climate in many parts of California can make living outdoors more feasible than in states with harsher weather conditions, attracting homeless individuals from other regions. NATURAL DISASTERS: Frequent natural disasters, such as wildfires, earthquakes, and droughts, pose significant risks and inconveniences, prompting some residents to relocate to areas with fewer environmental threats. California typically experiences the largest number of wildfires and acres burned annually compared to other states in the United States. California is frequently cited as the state that experiences the most severe and widespread droughts in the United States QUALITY OF LIFE: Issues like traffic congestion, long commute times, and pollution in major cities can negatively impact the quality of life for many Californians. Otherwise, California tends to rank in the middle to upper tier among U.S. states. ECONOMIC OPPORTUNITIES ELSEWHERE: Other states offer comparable or better job opportunities, often with lower costs of living and better business climates, attracting Californians to relocate. California’s economy has shown signs of strain recently. The state is in the middle of back-to-back multi-billion dollar budget deficits because of declines in state tax revenue. California’s unemployment rate is 5.3%, which is above the national average and the highest of any state. POLITICAL CLIMATE: Some residents are dissatisfied with California's political climate, which they feel is too liberal or not aligned with their personal beliefs and values. BUSINESS ENVIRONMENT: High business taxes and stringent regulations can make it challenging for businesses to thrive, leading companies and entrepreneurs to move to states with more favorable business environments. RETIREMENT: Many retirees seek to stretch their retirement savings further by moving to states with lower living costs, better tax benefits, and milder climates. These factors collectively contribute to the trend of people leaving California in search of more affordable, less stressful living conditions, and better opportunities elsewhere.

SF is too far gone now to recover .

Can SF recover. Of course it can. Unless it slides into the Pacific its a great location. What it can't do is recover under the type of civic government its currently got.

We visited San Francisco 10 years ago but would not go there now if you paid us.

The prices in SF were ridiculous, and now the prices are normalising. Good!

When the current administration in office, and their vastly wealthy donors, pack their bags and leave to parts unknown in the middle of the night ... that's when California has collapsed. It will be up to someone else to do the hard work of picking up the pieces before they return to repeat the cycle once again.

18 days to go before the escrow on our Commifornia house closes...

Working from home opened Pandora’s box. No way you can get back to office work like you did before. It’ll take a few generations to get this sorted out

I’m curious if the residential houses are also this low. Office building everywhere are going for a song and a dance. This is not unique to Cali.

San Francisco is sitting between 2 fault lines... not the best location

Oh man, look at Newson go.

I read CA has just added an addition fuel taxes bringing it to 69 cents a gallon,makig it the highest in the nation.Illinois is second at 67.8 cents per gallon. The voters should be overjoyed. This is what they voted for.

Taking this into account, if you are looking for a job, it might be a good idea to avoid any company which is based in California- when they can't pay their bills you will be the first to be let go for no reason or notice.

California is a lawlessness state that why people are leaving elsewhere 😢😢😢

Everything is worthless but why are home prices going up relentlessly😢

Probably not worth much in Chicago or New York either.

I wish my rent can go down 45%-90% 🙃🤣

Way to go Gavin!!!

Gavin and his supports are just going to continue to double down😂😂😂

guess whos gonna swoop in and acquire it after dedtroying it.

Some pretty rich ppl will be able to buy prime real estate for Pennie’s before the system fixes those areas again. That happened to New York in the 80’s. Now it’s a planned thing.

The contractions have begun

California 3rd world.

Devaluated, but actually making the property less expensive to buy, if you wait for the collapse 🤔

We are playing with monopoly money... what do you expect

But Governor Newsom is SO PRETTY! 😊

My opinion, How many times do you need to keep pushing this? People cannot live out of dog $62## wages if those companies want to relocate so be it. People in this country that work, should be able to earn a living wage from that work. Not impoverishing pennies.

what!! 45% blow price

Newsom for President 💀

Did Blackrock buy it?

LA is a dumpster fire.

Boom bust happens California will always be full of people. My old house there is still worth 40 percent than I sold it for in just 7 years. It’s not collapsing imo

Good open a dormitory

Socialism and democrat party policies at work in California

CA again? For US countries

Newson!!

Does California have much of a middle class lefr.

I know nothing about trading /investment and l'm keen on getting started. What are some strategies to get started with?

everyone so obsessed with california lol brokies

From my observation and historical market pattern, there might be a bit of turbulence in the market coming up, but here's the deal: Trying to guess what's going to happen next is less important than spreading your bets when trading and thinking long term. It's not about guessing the market's next move; it's about playing it smart and steady...managed to grow a nest egg of around 100k to a decent 532k in the space of a few months... I'm especially grateful to Fred Stephen, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..

WHY is everybody running AWAY?? Why don't you grow some balls and stay there and fix it?

Thanks for continues updates! I am super excited about how my stock investments is going so far, making over $13k every week is an amazing gain🥰

Echo chamber. Old news. Irrelevant hand-wringing.

LAST DAYS PROPHECIES ISRAELITES (SO-CALLED NEGROES SCATTERED EARTH-WIDE (Deu 28:68) AND GENTILE HEATHENS (NON-ISRAELITES): 2 Esdras 15:16-19 [16] For there shall be sedition among men, and invading one another; they shall not regard their kings nor princes, and the course of their actions shall stand in their power. [17] A man shall desire to go into a city, and shall not be able. [18] For because of their pride the cities shall be troubled, the houses shall be destroyed, and men shall be afraid. [19] A man shall have no pity upon his neighbour, but shall destroy their houses with the sword, and spoil their goods, because of the lack of bread, and for great tribulation.

THIS IS BASIC STUFF, LA. ...COME ON!! 😢

i would move to CA if you pay me 20k per month if not ill stay safe in FL

Thank you Democrats AKA Joe Biden

thank you democrats