California Bleak Outlook

California population is now 36,756,666 increasing by nearly 3 million since 2000 already surpassing all projections...MORE

Governor Schwarzenegger Proposes - You Pay More, Get Less
With the state deficit now estimated at $26 Billion dollars Schwarzeneggers' new proposed budget will include cuts in health care, education, welfare, police and fire services. Along with the cuts come increases in sales tax, car tax, vehicle registration, tobacco, and the State unemployment tax. In essence, every Californian is now expected to pay more, and get less.

People moving to California from other Countries, Net International Migration = 738,015. People moving to California from other States in the U.S., Net Domestic Migration = -167,775. That means after totaling all the people moving into California and then subtracting all of those who decided to Leave California you are left with a negative -167,775...MORE

More than 35 million people live in the state of California representing 12.5 percent of the entire United States population. The second and third most populous states -- Texas (21.3 million) and New York (19.0 million) -- together accounted for 14.2 percent of the country's population. "California grew by about 1,244,385 (updated 2002) people since Census 2000, accounting for almost one-fifth of the growth in the United States," said Census Bureau demographer Melissa Therrien. California's population is projected to increase by 16 percent to nearly 40 million people, as it approaches the year 2010. Geographically, future population growth will occur both in dense urban areas of the state's south coast and in its southern and central valley counties. ....MORE

California Housing Remains Nation's Least Affordable.
California remains home to nine of the 10 least affordable housing markets in the U.S. As millions of Californians who cannot afford to buy a home already know, homeownership remains out of reach for too many people. Statewide, the California Association of Realtors reported that only 32 percent of Californians could afford to buy a median-priced home. Only 10 percent of San Franciscans could afford to buy a median-priced home and only 1 in 6 residents in Contra Costa, San Mateo, and Santa Cruz counties could afford to buy a median-priced home in those areas. Just 24 percent of San Diegans could afford to buy a median-priced home. The high price of housing also threatens the state’s economy. The growing jobs-housing imbalance also poses risks to public health and safety as more and more police officers, firefighters, and nurses, among others, are forced to live long distances from their jobs. In the event of an earthquake or other disaster, community leaders are increasingly worried that vital personnel will not be able to respond quickly because transportation links will be severed....MORE

Twenty-eight California counties received "F" grades in the American Lung Association’s 2003 State of the Air report, released on the first day of the association’s Clean Air Month. Ground level ozone air pollution continues to threaten the health of more than 33 million Californians, up nearly 4 million compared to last year’s report. For the fourth straight year, the top four most ozone-polluted metropolitan areas were in California....MORE

A faltering economy and the downgrading of California's credit rating are raising questions about the financial stability of the nation's most populous state. The uncertainty surrounding the state's ability to replenish its general fund prompted Standard and Poor's to downgrade the state's credit to among the nation's lowest, equal to Hawaii's and slightly better than Louisiana's. S&P is one of three major rating agencies watching the state's financial performance. Credit ratings help determine how much states and other borrowers must pay when issuing bonds. The lower the rating, the higher the interest rate the state must pay to attract investors...

The Bay Area Economic Forum also warns that higher energy costs will also hit businesses and their employees. The study estimates a 50 percent increase in power rates will lead to $500 million in lost output, a loss of 15,000 jobs over three years, and consumers will have $1 billion less to spend. (Loss to Bay Area only)

Over 500 Bay Area companies participated in the survey. One in five of them said they've already considered relocation or investment elsewhere because of the state's power crisis...MORE

Reality strikes. If large companies and Corporations are nailed with the 50%+ increase on their electric bills and an increase in State unemployment tax, they will have no choice but to close or move elsewhere.