jess wrote:
There is a perception from those outside of California that California is some kind of high-tax hellhole that people are fleeing in droves. This is, however, largely a narrative invented by the media. The reality for most people within California is a lot more nuanced. If we were not contemplating a move abroad, we would stay put where we are in California — we own our home outright, we are in a good neighborhood, we like our neighbors, we have plentiful amenities (though they largely require a car to access) and the weather is good.
Also, as we are living off our savings, we currently have almost no income at all, so income tax is a non-issue at the moment. That won't always be the case, of course, but it lessens the urgency of leaving California.
The larger issue for us, though, is that because of the cost of housing in California, once we leave, we won't be able to afford to come back. If, for some reason (and there are a LOT of potential reasons) the Portugal thing doesn't work out, we very much want to return to our lives in California. It is, for us, the least awful place in the USA to live, even when you figure in taxes.
Also, as we are living off our savings, we currently have almost no income at all, so income tax is a non-issue at the moment. That won't always be the case, of course, but it lessens the urgency of leaving California.
The larger issue for us, though, is that because of the cost of housing in California, once we leave, we won't be able to afford to come back. If, for some reason (and there are a LOT of potential reasons) the Portugal thing doesn't work out, we very much want to return to our lives in California. It is, for us, the least awful place in the USA to live, even when you figure in taxes.
Still lots of opportunities to get ahead for the hardworking and disciplined.
After 30 years of living low, saving, investing and paying off a residence in a good zipcode CA living is easy 🏝️