Comments by "Mr. James" (@MrJames1471) on "Top 10 Cheapest States to Live in 2021" video.
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Big Dick Black
1. CNBC recorded California's declining growth rate and migration rate in their article titled, "California’s growth rate at record low as more people leave"
2. You're right that California homes are probably high-priced because of desirability. I mean who doesn't want to live in a home, when your other choice is being a renter in a packed city? Furthermore, with the ongoing housing shortage in the state, I suppose I can see why the average price of a home in San Francisco is over one million dollars compared to around $307,000 in Charlotte, NC (keep in mind, both cities have similar populations).
3. California has one of the highest tax burdens in the nation. Tax Foundation rated California as having the eighth highest tax burden amongst states (as of 2019).
4. CNBC complied a list of the top states for doing business in 2019. California landed in 32nd place on that list. That was actually a drop from 27th place when the list was complied in 2015.
Additionally, Tax Foundation stated in their "2021 State Business Tax Climate Index", that California was next to dead last in terms business tax burdens (only topped by New Jersey).
Although I certainly don't mean to sway any opinion from this. I'm simply providing you with my sources, as you've provided me with yours.
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