Wednesday, March 21, 2018

Why They Leave, Where They Go

Lucianne.com links to a Daily Wire article with interesting statistics reflecting California's declining popularity as a place to live and work. Some key points:
There are apparently three prime destinations for the migrating Californians: Texas, Arizona, and Nevada. The census showed that during the period it covered (mid-2016 to mid-2017), 79,000 people moved to Texas, 63,000 moved to Arizona, and 38,000 migrated to Nevada.

The cost of housing appears to be the prime motivator for people to leave the Golden State; according to industry tracker Zumper, five of the top 10 most expensive rental markets in the country are in California. San Francisco is number one; San Jose is third; Los Angeles is sixth; Oakland is seventh, and San Diego is tied for eighth.

The National Association of Realtors and its state association assert that the median price in California for a single-family home is $550,990 compared to the national median price of $247,800.

H.D. Palmer, a finance spokesman for California Governor Jerry Brown, admitted that the state’s top marginal personal income tax rate is the highest in the nation.
'Titanic Captain' Jerry Brown keeps polishing the brass on the sinking state. Meanwhile it's private sector workforce is taking to the lifeboats.

On the present course, CA is headed for a plantation economy of tech/entertainment oligarchs and whiz kids at the top, an overseer class of government workers (LEOs, probation officers, medical folk, 'teachers'), and a mass of mostly immigrant laborers living in colonias.

Existing in parallel, as non-producing consumers, will be clusters of retirees. Like the Americans who choose to live in Mexico or Belize, they will exist beside, but apart from, the society in which they're embedded. If CA is lucky it will end up like Costa Rica, which mostly works. If not, think El Salvador or Puerto Rico which don't.