Mass Exodus From Cali

https://www.retirementliving.com/generational-moving-trends

One thing unites every generation: they’re all leaving California. The Golden State has the highest negative net migration rate among all age groups.
While the states with high rates of residents leaving spanned all regions, California had the largest net loss: 254,332 people, almost double that of the next-ranking state, New York. Cost of living may play a factor here, with California having one of the highest costs in the U.S. Additionally, the destructive wildfires taking place in the state in recent years may provide an extra incentive to leave.

For a state that is supposedly bleeding people, how does it manage to be even bigger economy-size wise, eh??? What, addition from subtraction (of dead wood?)

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A combination of the AI boom and everyone else (US, China, Germany) growing more slowly. These trends could easily reverse. AI can be done anywhere.

One might also ask how the fourth largest economy globally could be having budget crunches.

AI can’t be done “anywhere”. Just like all these wanna be flyover towns that claimed to be “Silicon This” and “Silicon That” over the years. Nobody even came close to the King. How’s the tech scene in Austin? Miami?

California is expensive. It’s a high cost but high reward state. It’s not for everybody. I wish we built more housing here but realistically, with Top 1% of best weather globally and the money making opportunities only found here, CA will always be expensive. We can never build enough housing supply to meet the insatiable demand. People who want a slower pace of life and a 3000 ft house that costs only 400K, there are other options.

People leaving CA not because it’s a bad place to live. It’s the opposite, because it’s too good, too many people want a piece and bid up the price in the process.

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Prices are up in SF SM and Santa Clara County.

Meanwhile in Texas

https://fb.watch/DZxiC40RXl/?mibextid=cr9u03

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