7/31/12

Top-down and sun-soaked, we hit highway 1 - the butterflies are stirring. They always are. It's Malibu to San Fran, girls in the back, and deep-down, we know we're beating the world - no one's living better than us.

A week later I'm back on the East Coast. It's nothing to cry about - the city's got its usual swagger - but it has me thinking, are they really living better than us on the West Coast? The girls, the food, the sun - it's hard not to get lost in nostalgia.

But is life too easy? There's a certain charm about catching an early morning subway from Brooklyn to mid-town, coffee in-hand. The nights in East Village. The chicken and waffles.

Does anyone in finance regret moving to California? Beyond all its beauty, do the people seem unmotivated and a bit too chilled to take seriously?

And do you find your priorities have shifted from traditional consulting and finance jobs to all-things entrepreneurial?

...so close to that one-way right now

Comments (31)

Best Response
7/31/12

wat a dum questin, nooooooooooooooooo no no NO. u r a invetment banker, ur job is to be most prestigus as possible at all times, and new york ciety is way more prestigus than california. more prestigus = more world power = ilumenati = models bottels

do U think bankers in california get models bottels ? HA no. they get trailer homes and no prestege or world power

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7/31/12

Cant hear you from that far out on the L

7/31/12
Tommy Too-toned:

Top-down and sun-soaked, we hit highway 1 - the butterflies are stirring. They always are. It's Malibu to San Fran, girls in the back, and deep-down, we know we're beating the world - no one's living better than us.

A week later I'm back on the East Coast. It's nothing to cry about - the city's got its usual swagger - but it has me thinking, are they really living better than us on the West Coast? The girls, the food, the sun - it's hard not to get lost in nostalgia.

But is life too easy? There's a certain charm about catching an early morning subway from Brooklyn to mid-town, coffee in-hand. The nights in East Village. The chicken and waffles.

Does anyone in finance regret moving to California? Beyond all its beauty, do the people seem unmotivated and a bit too chilled to take seriously?

And do you find your priorities have shifted from traditional consulting and finance jobs to all-things entrepreneurial?

...so close to that one-way right now

Take the dive, man. The water is warm and the sky is blue.

Fuck the early morning subway; let's talk about that early morning drive down into the valley from a glass-walled retreat in the Santa Clara mountains, top down. Or on two wheels if that's your bag.

Let's talk about 70 degrees every fucking day. Except January, then you're looking at more like 60.

Chicken and waffles? Sure. But do you know what they do with salt and pork in San Francisco these days? Or better, ever tasted an ice-cold briny oyster plucked out of the Pacific no more than two hours previously? The beautiful beer. The wine. And, of course, the most vibrant distillation culture in the country.

But most importantly, anybody who is anybody wears jeans. Outside of sales and certain types of client services, nothing says "I have no fucking clue what I'm doing" more than showing up to a meeting in an expensive suit and tie.

However, you'd better land a sweet gig before you hop on the plane. Rent is equivalent to Manhattan, and yes, you really do need a car.

In reply to Blalock
7/31/12
Blalock:

wat a dum questin, nooooooooooooooooo no no NO. u r a invetment banker, ur job is to be most prestigus as possible at all times, and new york ciety is way more prestigus than california. more prestigus = more world power = ilumenati = models bottels

do U think bankers in california get models bottels ? HA no. they get trailer homes and no prestege or world power

I respect the troll.

+1 SB

7/31/12

Everyone should spend some time in California, but remember to leave before they get too soft.

"...all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident."

- Schopenhauer

7/31/12

Yup. Plus the most beautiful women in the world are in SoCal. Im not tallking fake like LA either, head down to La Jolla or Laguna Beach or Newport Beach.

Best Mexi food in the US, best weather hands down, no humidity.

7/31/12

I have a soft spot for cali girls. Always have. Born and raised on east coast but there is something about their care free attitude that drives me nuts. Also, perpetual beach season = babes always in shape.

7/31/12

The weather in CA can't be beat. I don't even care about the beach. SF is fine. Just give me warm weather, no snow, and low humidity.

Professionally, I have become more reluctant to move back due to the state's economic future. The nearly unparalleled fiscal dysfunction makes me wary. I'm not sure what effect that will eventually have on financial services...banks would have little reason to be there if they eventually kill the golden goose that is Silicon Valley.

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7/31/12

i'll probably be moving out there after i finish school.

from what i hear, the lifestyle does seem better although the douchiness in and around LA can be unbearable.

7/31/12

Made the move from NY to SF. Enjoying every minute of it

7/31/12

cali is where its at bro. the girls are on a whole new level

7/31/12

California definitely has its perks, but let me give you a couple cons of California from what I have seen:

You won't be 'cruising' anywhere, you will be sitting in a parking lot for an hour while making the 5 mile commute to your office and back home. Traffic has gotten substantially worse in the last decade. We keep building up, but never widen any of our streets.

Douche bag trust fund babies. Everywhere. You will see plenty of 20 somethings driving in $70K+ cars, and you will eventually find out they are virtually all trust fund babies and dont work.

California's fiscal situation - 3 bankrupt cities in the last 3 months. LA is looking to be bankrupt next year. Highest taxes in the good ole USA. Expect 50% of your income to go toward taxes if you are a high earner. And taxes will continue to rise on the top earners. There is virtually zero resistance to anything the Democratic legislation puts out there.

Consistently ranked as the worst state to do business in.

35% of the nation's people living on welfare live in California.

Worst public school systems in the USA. Your kids WILL be going to a private school. Expect to dish out a couple thousand for grade school and $15K a year+ for private high school.

Unsustainable housing prices. Average West LA income is like $60K. Average West LA home price is ~$700K. The fuck?

Cities giving amnesty to illegals will continue to not help our fiscal situation and public school system. I went to an attraction in the city last weekend with some friends, literally no one spoke English. And I don't mean they were just talking to one another and using English with others. They really just didn't know the language at all. I dont mean that as a racist comment. I think it just tells you where the state is headed. There is some serious trouble ahead due to a very large, uneducated workforce.

$500 Billion in unfunded pension liabilities. Workers taking upwards of 2 different pensions and another job before they reach the age of 65. $20B deficit. Yet, we approved a $65BN train to nowhere last month. No one gives a flying fuck though that we are fiscally headed toward distater. We are more focused on if the reason why JC Penny moved its store out of a Latino area was because they were racist or not (true story).

In the end though, you can't buy weather. That is the ultimate reason why people flock here. If there were season changes, there would be zero reason to live here.

7/31/12

Chi-town is still the best. White trash from Indiana + Hipster Culture in Chicago = Ultimate Sluts

Baby you're the perfect shape, baby you're the perfect weight. Treat me like my birthday, I want it this way and I want it that way. It makes a man feel good baby.

7/31/12

No way Chicago chicks can compare to LA chicks. Not on the same level. Also, don't hate on trust fund babies simply because you are not one of them.

"I already know I'm going to Hell. So, at this point it's go big or go home"

In reply to WestCoastDeveloper
7/31/12
Nobama88:

California definitely has its perks, but let me give you a couple cons of California from what I have seen:

You won't be 'cruising' anywhere, you will be sitting in a parking lot for an hour while making the 5 mile commute to your office and back home. Traffic has gotten substantially worse in the last decade. We keep building up, but never widen any of our streets.

Douche bag trust fund babies. Everywhere. You will see plenty of 20 somethings driving in $70K+ cars, and you will eventually find out they are virtually all trust fund babies and dont work.

California's fiscal situation - 3 bankrupt cities in the last 3 months. LA is looking to be bankrupt next year. Highest taxes in the good ole USA. Expect 50% of your income to go toward taxes if you are a high earner. And taxes will continue to rise on the top earners. There is virtually zero resistance to anything the Democratic legislation puts out there.

Consistently ranked as the worst state to do business in.

35% of the nation's people living on welfare live in California.

Worst public school systems in the USA. Your kids WILL be going to a private school. Expect to dish out a couple thousand for grade school and $15K a year+ for private high school.

Unsustainable housing prices. Average West LA income is like $60K. Average West LA home price is ~$700K. The fuck?

Cities giving amnesty to illegals will continue to not help our fiscal situation and public school system. I went to an attraction in the city last weekend with some friends, literally no one spoke English. And I don't mean they were just talking to one another and using English with others. They really just didn't know the language at all. I dont mean that as a racist comment. I think it just tells you where the state is headed. There is some serious trouble ahead due to a very large, uneducated workforce.

$500 Billion in unfunded pension liabilities. Workers taking upwards of 2 different pensions and another job before they reach the age of 65. $20B deficit. Yet, we approved a $65BN train to nowhere last month. No one gives a flying fuck though that we are fiscally headed toward distater. We are more focused on if the reason why JC Penny moved its store out of a Latino area was because they were racist or not (true story).

In the end though, you can't buy weather. That is the ultimate reason why people flock here. If there were season changes, there would be zero reason to live here.

This this this this

8/1/12

Fuck SoCal, South Florida is where it's at. No state/income taxes, amazing nightlife, beautiful women, warm weather, and a great economy (thanks to the Latin Americans).

8/1/12

I moved to socal from the east coast a few years ago and it beats the east coast in almost all categories. it's not even close. arguments against california citing political and economic issues should largely be irrelevant to a young, single, fully employed person with no near term intentions of having kids or buying a home. frankly, who needs either until you are into your 30s. if you start hitting the age where you want to be doing those things, then pick up and move. there is now way you will leave regretting that your have moved there in the first place. i wake up, go to work, and do anything and everything during my free time. I could give a F if the state's pension system is underfunded.

and one thing about the traffic. if you live and work within LA, including downtown, mid-city, brentwood, westwood, century city, santa monica, venice, and even marina del rey, your commute to work in almost all cases will be fine. i have a 20-25 minute drive to work using surface streets. the people who sit in soul crashing traffic are the ones driving into LA from the valley, inland empire, and orange county.

In reply to _bird_
8/1/12
_bird_:

I moved to socal from the east coast a few years ago and it beats the east coast in almost all categories. it's not even close. arguments against california citing political and economic issues should largely be irrelevant to a young, single, fully employed person with no near term intentions of having kids or buying a home. frankly, who needs either until you are into your 30s. if you start hitting the age where you want to be doing those things, then pick up and move. there is now way you will leave regretting that your have moved there in the first place. i wake up, go to work, and do anything and everything during my free time. I could give a F if the state's pension system is underfunded.

This is true, and I meant to say this as well. Most likely the cons I pointed out won't affect many on here until you are in your 30s with kids. But we will all be in our 30s one day and most of us with kids. I know a lot of people are trying to make a decision on where to go for their careers, long term. If long term is the case, then you do need to worry about what I typed above. It will hit all Californians one day, especially those in the private sector making money. If you are looking for something short term, while you are single and in your 20s then yeah move out to LA and enjoy it.

8/16/12

Anybody who has lived in Cali has a hard time leaving. Why would you leave heaven on earth only to go to the sh*tty east coast

In reply to seabird
9/30/12

Live in New York City once, but leave before it makes you hard

9/30/12

What was that saying... If the pilgrims had landed on the West Coast, the East would still be wilderness.

9/30/12

To be honest I've never wanted to live in California until I read this thread. I always thought I wouldn't like to live there because of the more laid back attitude and liberal viewpoints on most matters.

I still would not want to live there permanently but now I am thinking about trying it in the future. Best parts of CA? Has anyone done a couple years in SF doing PE and then moved back to the east coast?

In reply to mindovermonkeys
10/5/12
mindovermonkeys:

Best parts of CA?

-San Diego/La Jolla
- Laguna Beach
- Dana Point
- Coto de Caza

In reply to idkmybffjill
10/5/12
idkmybffjill:
mindovermonkeys:

Best parts of CA?

-San Diego/La Jolla
- Laguna Beach
- Dana Point
- Coto de Caza

I'll add: Orange County, Santa Barbara / Montecito, San Francisco.

10/14/12

I've been to southern California twice for work and once on vacation. It was nothing special. Cold water with prolific seaweed and English as a second language. I didn't see any women that were particularly impressive, and my hotel was on Rodeo Drive in Beverly Hills. I noticed horrific traffic everywhere. When I was in Irvine I didn't see white people at all--the place looked like Asia. In-in-out Burger is WAY overrated, by the way--it doesn't even compare to Five Guys.

The weather was nice in January. I liked Malibu, but again, nothing special--a beach is a beach, a coffee shop is a coffee shop. Other than the weather, there was nothing substantially different in SoCal compared to the rest of the country. In fact, in many ways SoCal is far worse than other places around the nation when it comes to traffic, pollution, cost of living, taxes, and crime. Beverly Hills was just an outdoor mall--nothing special.

10/19/12

California can be a great place to live, if you can get pass the horrible traffic. And yes, the cost of living is up there also. Also worth mentioning, there is proposition waiting to pass to increase the taxes on people that earn $250k+ this November for funding schools, which is very likely to pass since it won't affect the majority of people in the area. Something to consider.

10/19/12

Cali is good? Yeah, a few ultra expensive areas are nice. Everything else sucks dick.

Don't move here on less than a 150k/year income.

10/19/12

They are also trying to raise the sales tax (already around 9.75%) on multiple propositions this year.

In reply to WaitForSlutSet
10/21/12
WaitForSlutSet:

I've been to southern California twice for work and once on vacation. It was nothing special. Cold water with prolific seaweed and English as a second language. I didn't see any women that were particularly impressive, and my hotel was on Rodeo Drive in Beverly Hills. I noticed horrific traffic everywhere. When I was in Irvine I didn't see white people at all--the place looked like Asia. In-in-out Burger is WAY overrated, by the way--it doesn't even compare to Five Guys.

The weather was nice in January. I liked Malibu, but again, nothing special--a beach is a beach, a coffee shop is a coffee shop. Other than the weather, there was nothing substantially different in SoCal compared to the rest of the country. In fact, in many ways SoCal is far worse than other places around the nation when it comes to traffic, pollution, cost of living, taxes, and crime. Beverly Hills was just an outdoor mall--nothing special.

you realize Rodeo Drive and surrounding areas is comprised of all tourists right? So you probably saw people from Kansas and Iowa and shit. And yes Irvine has a high population of Asian people, did someone tell you it didnt?

idkmybffjill:
mindovermonkeys:

Best parts of CA?

-San Diego/La Jolla
- Laguna Beach
- Dana Point
- Coto de Caza

coto? what are you, a blonde housewife?

In reply to kmzz
10/22/12

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10/27/12

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