It takes a monumental effort to screw up a state with all the advantages California has. However, it looks like they are doing their best. From Jeff Daniels at cnbc.com:
- More Californians are moving from the Golden State, particularly lower-income residents, although even middle-class residents are saying goodbye.
- The trend is a symptom of the state’s housing crunch and, for some, high taxes.
- Census Bureau data show California lost just over 138,000 people to domestic migration in the 12 months ended in July 2017.
- Lower-cost states such as Arizona, Texas and Nevada are popular destinations for relocating Californians.
Californians may still love the beautiful weather and beaches, but more and more they are fed up with the high housing costs and taxes and deciding to flee to lower-cost states such as Nevada, Arizona and Texas.
“There’s nowhere in the United States that you can find better weather than here,” said Dave Senser, who lives on a fixed income near San Luis Obispo, California, and now plans to move to Las Vegas. “Rents here are crazy, if you can find a place, and they’re going to tax us to death. That’s what it feels like. At least in Nevada they don’t have a state income tax. And every little bit helps.”
Senser, 65, who previously lived in the east San Francisco Bay region, said housing costs and gas prices are “significantly lower in Las Vegas. The government in the state of California isn’t helping people like myself. That’s why people are running out of this state now.”
Based on the U.S. Census Bureau’s American Community Survey data, “lower income Californians are the ones who are leaving, not higher income,” said Christopher Thornberg, founding partner of research and consulting firm Beacon Economics in Los Angeles.
He said housing is the chief reason people are leaving California, pointing out there are frequently bidding wars for what limited inventory of homes is available.
To continue reading: Californians fed up with housing costs and taxes are fleeing state in big numbers