It Takes 3 Weeks to Escape Illinois

Mish

Why 3 weeks? That's how long it takes to reserve a one-way U-Haul outbound.

"Everyone is leaving. No one is coming," a U-Haul agent told us a few weeks ago.

Illinoisans Leave State in Record Numbers, and So Are We

On January 2, 2020 I announced Illinoisans Leave State in Record Numbers, and So Are We

I am pleased to report we loaded our U-Haul rental yesterday and I am on the road driving to our new home in Utah. 

Right now we are just a few hours  into the trip, but we have crossed the state line and are now in Iowa.

Goodbye Illinois

On February 12, Wirepoints noted If the wealthy flee, ordinary Illinoisans will be left holding the progressive tax bag. 

Yep, and we have had enough. 

We were paying about $15,000 a year in property taxes on a home now worth about $380,000 or so. We have a beautiful 1 acre lot, surrounded by 30 white or and burr oak trees 100-200 years old. \

But property values are sinking. We will sell the house for a lot less than we paid for it 20 years ago.

Property taxes are a killer and taxes in general are going to rise in Illinois. 

Why Utah?

I discussed Utah in my October 5, 2019 post Escape Illinois: Get The Hell Out Now, We Are

Mish

Comments (73)
No. 1-42
PecuniaNonOlet
PecuniaNonOlet

Safe travels. If you stay somewhere overnight lock that uhaul up tight!

Zardoz
Zardoz

Mish Pliskin

MiTurn
MiTurn

Yay! Mish, good for you and the Mrs. I hope you find what you hope to find.

numike
numike

yes the price of gas/cigs in S. Illinois..geez Why is it so high?? To pay for Chicago thats why (local saying)!!

Bam_Man
Bam_Man

Best wishes to you and your family Mish, as you begin your new life in Utah.
IMHO, your timing is pretty good. I am afraid that among those still waiting, there will be many who find they cannot leave (without being foreclosed upon) because real estate values will have dropped to where the homeowners will find themselves deep under water.

jivefive99
jivefive99

The story of escaping Illinois to go somewhere else is no story. The story of how you fared 3 years later is the REAL story. :) All the things you predicted happening and all the things you had no idea were gonna happen. I've been around since Mish's first mention on the wrong hyperinflationists in 2008ish. We'll see in 2023.

anoop
anoop

all the best with the move, mish!

RSM
RSM

Good for you Mish! Happy to see you’ve escaped that quagmire.

Herkie
Herkie

Call Penske, they are hundreds less than U Haul.

Scooot
Scooot

Hope you all settle into your new home OK Mish.

flubber
flubber

I'm happy that you are able to make a move to an area that you wish to go to.
I'm sad that the circumstances in Illinois have deteriorated so much that you feel you are forced to move. It sounds as if you would have stayed in IL if the state could have run its finances better, instead of loading the burden on the taxpayer's backs.

Heaven help the IL citizens that do not have the wherewithal to make a move. Their burden will increase until their backs are broken.

Farquad
Farquad

Welcome to Utah!

Realist
Realist

I hope things go well for you in Utah.

Though I still think you are merely changing your stateroom on the Titanic.

If Utah doesn't work out, I will repeat my suggestion of moving to your northern neighbour. Free health care, much better managed pensions, friendly folks, bit of an accent though.

Yesterday's covid numbers:

New cases:New deaths

Canada 371:12

US 61,067:960

Dave-UT
Dave-UT

I relocated from California to Utah 29 years ago ... was a good move, although it was quite a culture shock back then. The outdoor activities were worth it!

Alexll
Alexll

Congratulations Mish! I'm a long time reader of you great blog. At least since 2014 but probably earlier.

Carl_R
Carl_R

Congrats, Mish. Have a safe trip. Wave as you pass through Nebraska.

Quatloo
Quatloo

Fantastic that you managed to escape Mish, you will be the better for it!! Look forward to future reports from Utah!

Idaho
Idaho

“We will sell the house for a lot less than we paid for it 20 years ago.” Ouch, not many people can say that.

MiTurn
MiTurn

"We were paying about $15,000 a year in property taxes on a home now worth about $380,000 or so."

That's robbery, no other way to describe it. I pay $2800 a year for two very nice 2000 sq. ft. homes on 10 acres, assessed at $450,000.

Location, location, location...

awc13
awc13

"But property values are sinking. We will sell the house for a lot less than we paid for it 20 years ago."

wow. just plain wow. best wishes on your move and new home!

billso
billso

Good call, Mish!

Quark711
Quark711

Mish, congrats for having the courage to act! You're gonna love the West!

rjornd
rjornd

Safe travels, Mish. We moved to Abilene, TX a couple years ago. I consider it that we escaped just before it got bad (this was before Pritzger took office).

While we were only renters in the Quad Cities, I could see the writing on the walls. I presume you're going to be somewhere in the SLC valley? It's a beautiful area. I'm sure you'll love it there.

Peace & Prosperity to you and the family.

Stuki
Stuki

Congrats! You actually went and did it! Southern Utah, right?

Snow_Dog
Snow_Dog

Where is Stuki? He owes me ten bucks.

Rod Blagojevich got out of prison before Mike Shedlock got out of Illinous.

Felix_Mish
Felix_Mish

Great move. Warm feelings for Utah, here. Just very nice people, Mormons or not. Wave to Latex Larry for us.

Looking forward to a lot more spectacular pictures over on your photo blog.

Mr. Purple
Mr. Purple

Where else would a photographer live?

mrutkaus
mrutkaus

Good luck Mish.

TCW
TCW

You can check out but you can never leave...the federal government will bail them out on a continuing basis once democrats have control.

timothyb
timothyb

Left that state in 1995. Never looked back what a hell whole nasty place.

RonJ
RonJ

The Democrats plan to bring Illinois to every state.

vanderlyn
vanderlyn

change is good. enjoy the ride...............

ReadyKilowatt
ReadyKilowatt

congratulations and welcome to the west. What took you so long?

JanieM
JanieM

Thanks for the update Mish. Please let us know how life is in Utah. Best wishes on your new home.

Casual_Observer
Casual_Observer

By the way Mish, I read those old posts of yours. It looks like the people that moved to Texas and Florida may be regretting their decision. This will be the lesson of this generation in chasing economic growth, low taxes and low regulations at all cost. It turns out your move to Utah was smarter. Southern Utah and Northern Arizona are hidden gems in the country but they won't be for long. Texas and Florida have become overpopulated from a population density standpoint and quality of life is headed way down there. I grew up in Texas in the 80s and that was the time to be there Eventually the oil boom will go bust in Texas. Florida is going to get blown away by repeated hurricanes in the coming years and that will make more people question living there. Illinois is toast. California will survive because it is losing population but it is always a destination for Asian money. I see more similarities electorally now between California and Texas going forward. Biden is going to have a legitimate shot in Texas come November.

RayLopez
RayLopez

It's true, in that a lot of people get homesick and return back to their sinkhole. Stalin's exiles who return and are disposed with come to mind. I was surprised how high property taxes were in IL, in northern VA we pay less than that for a house nearly three times higher in value, and it doesn't look as nice as in Mish's photos. Speaking as an expat who lives in three different countries, retired in my 40s.

RayLopez
RayLopez

Why are police unions, public teachers, and firefighters so highly compensated in IL? The only thing that comes to mind is net state migrations leaving a lower tax base, and, perhaps directly, racial segregation. Poor US southerners, mostly black, traveled to IL after the US Civil War and never integrated, and the rest of the population walled themselves off, forming an expensive-to-service ghetto? It's a hot topic best discussed by some political science major (or maybe not, they might find themselves attacked by the PC crowd). In Washington DC, also largely mixed race (in fact #1 in the country, based on statistics, even more diverse than NYC), the economy has not suffered due to the largess of the Fed government. Otherwise, like arguably Philadelphia, PA, like most of IL, there would be some downsides to lack of integration (the ghetto effect I mention above). My two cents and I'm sticking to it until proved otherwise. Me? I'm a white who lives in three different countries, including the Philippines, where my Filipino girl and I live, and I retired from a high-paying white collar industry in my forties, never having looked back, no regrets. Good luck to you reader, and to Mish too.

MATHGAME
MATHGAME

I've always felt that police, firefighters, teachers should be paid more than anyone on Wall street who just pushes chips around on the rigged gaming tables in the corrupt casino too generously dubbed the stock "market".

Gman007
Gman007

Happy for you Mike in escaping hell! 3 weeks seems like not too bad of a price to pay...and for what you lost in appreciation there...you'll likely gain in Zion in spades....if current trends continue in any sort of flavor and intensity.

...but please go easy on the advertising...

Letro
Letro

Question does the $15 k include school taxes ?
Eastern shore of Maryland 2440 sqft house, zillow $380 k on 2 wooded acres, 2 miles from Easton, property & school taxes are $1600 in 2020. Md state tax exempts $31 k of SS , pension or IRA if 65 yo.

Fernortner
Fernortner

Knock Illinois all you want. I've lived in Utah. You're not going to like it there either. My wife and I just moved back to Illinois for our retirement. We have been given three permanent tax breaks on our house and Illinois collects no income tax on our Social Security and retirement benefits. We have GREAT healthcare and great police and fire protection. We also currently have a great record with the pandemic due to the actions of our Democratic governor. We're quite happy now that we have left our old state where we lived for the last 30 years while raising and educating our son. We would have come back to Illinois sooner if not for him.


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