Sunday, December 11, 2005

They're Leaving California for Nevada

Go East.That's the story from The San Francisco Chronicle:
Annie Dunn first met neighbor Debbie Barber as she was packing a truck in front of her home in San Jose. It turned out both were moving -- to the same place: Reno.

Two years later and 220 miles away, the Dunns are still neighbors with the Barbers, only this time in ArrowCreek, an enclave reminiscent of Bay Area suburbs like Danville, with wide, meandering streets and large stuccoed houses perched on the arid hills overlooking Reno.

Dunn and her husband, Jim, sold their three-bedroom, 2,900-square-foot home in San Jose for about $1.3 million -- nearly double what they paid for it in 1999. Using some of the profit from that sale, they put down roughly 50 percent on a $570,000 Reno home on a corner lot with terraces facing the valley.

"We didn't have to change our living standards at all," says Dunn, 52. "It's basically the same house for a lot less money."
They don't have that thing called the California state income tax.California has priced it self out.