He said the latest Census Bureau data, from July 2016 to July 2017, show "more people moved out of California to other states than moved in from other states. In other words, California lost people due to domestic migration."
During that 12-month period, California saw a net loss of just over 138,000 people, while Texas had a net increase of more than 79,000 people. Arizona gained more than 63,000 residents, and Nevada gained more than 38,000.
Middle class leaving
Internal Revenue Service data would appear to show that the middle-class and middle-age residents are the ones leaving, according to Joel Kotkin, a presidential fellow in Urban Futures at Chapman University in Orange, California.
"We know the actual net migration out of California has been growing," said Kotkin.
High Rent and taxes are the main culprets...soon tho with all the folks leaving home prices should start to fall and with interests rates rising, a collapse in home values may be the next big news coming out to Californa...
Starting to see lot's of for sale signs everywhere...
Just wait til they announce the cost of a ticket on the 98 billion dollar Bullet train to no where...one good thing is there will be plenty of seats available...
That's because you are driving on the freeway...not in the neighborhood.Wabash wrote:QR_BBPOST You wouldn't know it from being on any freeway.
Fordama wrote:QR_BBPOST My home value keeps going up, too.
Perhaps you should think about selling some and then when the market has fallen you could make even more cash...Wabash wrote:QR_BBPOST Same here. All of them.
Real Estate is cyclical and the appreciation cycle is ending...sellers market is turning to buyers market...might be a good idea to look into it...not that I care...but hint...hint...the writing is on the wall...
I do see the temptation of moving out of state. My retirement would go further in a lot of places. However, there's a reason a lot of places are cheaper than here in SoCal--they aren't great places to live.
But there aren't a lot of places where I can get out and go cycling 300+ days per year--definitely not with any coastline. Drive a couple of hours and get to the desert or mountains. Nice.
Typically they take the blue state ideology with them.
Texas has seen an influx of CA residents to the point where many believe it could be a swing state by 2030.
Undocumented? You mean people who entered the US illegally or overstayed their visa's? Rule of law? No?Wabash wrote:QR_BBPOST Isn't that a good thing? Since when have conservatives ever cared about the plight of the undocumented?
Since Dems imported them by the millions and graciously raised our taxes to buy their newly imported's vote. But now that they are here and seeing how Dems tax everything and make things worse, example California Quality of life ranks dead last...they are moving east and becoming republicans, , Irony of ironies...
I promise to act jealous. Especially during the cooler months.
"How stupid is our country?"