CalPERS on the Brink of Insolvency

[old steel]

Martin Armstrong says it's going down and get out while you can.

https://www.armstrongeconomics.com/world-news/pension-crisis/calpers-on-the-brink-of-insolvency/

[Joshua01]

The dike is starting to spring leaks. The domino effect will hasten the collapse of the economy as a whole.
Martin Armstrong says it's going down and get out while you can.

https://www.armstrongeconomics.com/world-news/pension-crisis/calpers-on-the-brink-of-insolvency/

[latemetal1]

I like my silver dimes more than my pension chances...watch the taxpayer get screwed,

[EE_]

What does this tell ya?

Rent a moving truck from Las Vegas to San Jose and you'll pay about $100. In the opposite direction, the same truck will cost you 16 times that, or nearly $2,000.

So many people are leaving the Bay Area, a U-Haul shortage is jacking up prices
Posted on February 18, 2018 by DCG | 40 Comments
goodbye san francisco

Liberal utopia: Pay for it until you can afford it no longer then costs you a fortune to leave it.

According to Newsweek:

“The number of people packing up and moving out of the Bay Area just hit its highest level in more than a decade. Of course people come and go from the Bay Area all the time, but for the first time in a long time, more people are leaving the Bay Area than are coming in. And the number one place in the country for out-migration is now, right here.”

At least the majority exiting the Bay Area are moving to other libtard areas. I can guarantee you I won’t see a Bay Area transplant here in my small town in Oklahoma. Good!

As reported by Michelle Robertson at SF Gate: Rent a moving truck from Las Vegas to San Jose and you’ll pay about $100. In the opposite direction, the same truck will cost you 16 times that, or nearly $2,000.

What accounts for the difference? The simple laws of supply and demand, says economist Mark J. Perry. With so many people leaving the Bay Area, there are not enough rental trucks to go around. Perry, a University of Michigan professor, published his findings in a new study with public policy think tank American Enterprise Institute (AEI).

CBS News reported recently that operators of a San Jose U-Haul business have trouble getting their rental vans back “because so many are on a one-way ticket out of town.” The revelation inspired Perry to compare the costs of U-Haul rentals for trucks leaving San Jose versus those heading into the city.

Silicon Valley has arguably one of the highest costs of living in the nation. The cost of leaving isn’t cheap, either. Perry tracked the costs of renting a 26-foot U-Haul truck to San Jose from six cities deemed destinations for those moving out of the Bay Area — Las Vegas, Phoenix, Portland, Ore., Nashville and Atlanta.

In every model, the price of renting a truck outbound from San Jose was at least double the amount of renting the same vehicle in the opposite direction.

“To help balance truck inventories and take advantage of higher demand in some rental markets than others, it’s natural that U-Haul would implement demand-based, dynamic pricing,” Perry writes.

https://fellowshipoftheminds.com/2018/02/18/so-many-people-are-leaving-the-bay-area-a-u-haul-shortage-is-jacking-up-prices/

[Joshua01]

They should be shot as they cross the state line until they stop trying. They created their utopia and we shouldn't allow their cancer spreading to other states. CA liberals truly are a cancer
What does this tell ya?

Rent a moving truck from Las Vegas to San Jose and you'll pay about $100. In the opposite direction, the same truck will cost you 16 times that, or nearly $2,000.

So many people are leaving the Bay Area, a U-Haul shortage is jacking up prices
Posted on February 18, 2018 by DCG | 40 Comments
goodbye san francisco

Liberal utopia: Pay for it until you can afford it no longer then costs you a fortune to leave it.

According to Newsweek:

“The number of people packing up and moving out of the Bay Area just hit its highest level in more than a decade. Of course people come and go from the Bay Area all the time, but for the first time in a long time, more people are leaving the Bay Area than are coming in. And the number one place in the country for out-migration is now, right here.”

At least the majority exiting the Bay Area are moving to other libtard areas. I can guarantee you I won’t see a Bay Area transplant here in my small town in Oklahoma. Good!

As reported by Michelle Robertson at SF Gate: Rent a moving truck from Las Vegas to San Jose and you’ll pay about $100. In the opposite direction, the same truck will cost you 16 times that, or nearly $2,000.

What accounts for the difference? The simple laws of supply and demand, says economist Mark J. Perry. With so many people leaving the Bay Area, there are not enough rental trucks to go around. Perry, a University of Michigan professor, published his findings in a new study with public policy think tank American Enterprise Institute (AEI).

CBS News reported recently that operators of a San Jose U-Haul business have trouble getting their rental vans back “because so many are on a one-way ticket out of town.” The revelation inspired Perry to compare the costs of U-Haul rentals for trucks leaving San Jose versus those heading into the city.

Silicon Valley has arguably one of the highest costs of living in the nation. The cost of leaving isn’t cheap, either. Perry tracked the costs of renting a 26-foot U-Haul truck to San Jose from six cities deemed destinations for those moving out of the Bay Area — Las Vegas, Phoenix, Portland, Ore., Nashville and Atlanta.

In every model, the price of renting a truck outbound from San Jose was at least double the amount of renting the same vehicle in the opposite direction.

“To help balance truck inventories and take advantage of higher demand in some rental markets than others, it’s natural that U-Haul would implement demand-based, dynamic pricing,” Perry writes.

https://fellowshipoftheminds.com/2018/02/18/so-many-people-are-leaving-the-bay-area-a-u-haul-shortage-is-jacking-up-prices/

[Cebu_4_2]

Everything is more in Cali and so is the income. So who are the ones leaving and where to?

[latemetal1]

http://www.sacbee.com/news/politics-government/the-state-worker/article204340914.html cutting pensions for cities that drop out." It unfolded in a dramatic window. CalPERS in November 2016 cut the Loyalton pensions because the town had not paid a CalPERS bill in three years.

In December 2016, CalPERS acknowledged that it expected to earn less money over time from its investment portfolio. That meant government agencies had to kick in more money to fund their employees' pensions.

In early 2017, CalPERS cut retirement benefits again for nearly 200 former employees of another local government organization that had stopped paying into the fund.

Costigan said each vote was meant to strengthen the pension fund, but the cumulative effect of the news sent a distressing signal."