I recently moved to California. Before i moved, people asked me “why are you moving there, its so bad?”. Now that I’m here, i understand it less. The state is beautiful. There is so much to do.
I know the cost of living is high, and people think the gun control laws are ridiculous (I actually think they are reasonable, for the most part). There is a guy I work with here that says “the policies are dumb” but can’t give me a solid answer on what is so bad about it.
So, what is it that California does (policy-wise) that people hate so much?
Most people out of the state who complain about California, never lived here, they are just repeating what they heard on conservative media.
If it was a hell hole like they say, the property prices would be cheap, no one would want them.
Most people that are leaving, are leaving because they got priced out and cannot afford to stay.
I would think that the people leaving have the money to move anywhere, due to being cheaper than CA. Buying home in cheaper states or due to work.
You’d think, but it can be difficult to save up moving costs for a long distance haul + deposits + getting a new job lined up while living paycheck to paycheck.
It’s the network effect. Many industry leaders are already here so everyone else wants to be also.
The real estate / rent prices are so insane that it is already affecting malls and smaller shops but it’s still not causing the real estate market to draw down. In fact if anything the continued trend of prices rising higher and higher only attracts more demand.