Quote:
Originally Posted by TheSquealer
It began as the housing market was heating up and getting out of control. Washington, Oregon and Vegas and other places were being flooded with wealthy Californians who could sell their shitbox McMansion for $5,000,000 in Palo Alto or where ever and buy a $1,000,000.00 McMansion in Seattle suburbs that was bigger and still have $4,000,000 in the bank. This all was probably most obvious to those around banking/finance/real estate/mortgages. There was a time in 06/07/08 where it was completely unreal how many Californians were buying property in Oregon and Washington and the impact they were having on the housing market and prices.
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A good friend of mine, my best man twice, had a small software consulting company and lived in Marina Del Rey. He sold his house for more than 3 million, bought a nicer house in Ft Walton Beach Florida for under I million. Folded his California Corporation, restarted his business with a Florida corp saving over 10% yearly in taxes and is happier than hell to be out of California.