Sharing a section of an article I recently wrote for a housing blog . Enjoy or not.
California has a net loss in population, and most of us see that as a good thing. Who wants more cars on the freeway?
So who is leaving and who is staying or moving in ?
California is in the verge of a new demographic era, one which is characterized by population declines led by lower levels of international migration, declining birth rates and higher deaths. All playing a role.
The main driver of population losses in California is the result of people leaving for other states.
California, long the land of milk and honey, the epicenter of population growth in the US Is continuing a decades long slowdown.
This migration is reshaping the state. Since 2010, about 7.5 million Californians moved to other states, only 5.8 million moved in to the golden state from other states.
So who is moving to California? Well, very different people than those that leave. That’s clear.
In general those that move here are likely to be working age, employed, earn high wages and are less likely to be poor than those that move out. Those moving in tend to have higher education levels than those who move out.Stats show many young college graduates looking to start their careers are moving to California.Although the net flow in of college graduates slowed during and since the pandemic. Also of note, people who move to California have higher incomes than those that move away.
Many have argued the opposite is taking place, that California s high taxes drive out higher income residents. Interestingly, California has been losing lower and middle income residents to other states while gaining higher income adults.
in the past 5 years the flow of middle income residents leaving has accelerated . Most people who move across state lines do so for housing, job or family reasons. Since 2015 surveys show that interstate movers cite housing as the primary reason( 400,000+), California is ranked third worst state for renters.
Next in line are those that cite jobs as the main reason for leaving ( 333,000) and family reasons account for 239,000.
Yep, politics does not seem to be an influencer as much as economic or family reasons. Surprise.
A recent statewide survey shows 37% of Californians have seriously considered leaving the state because of housing costs. The picture painted by these trends is the growing economic challenges faced by lower and middle income Californians.
now do all the new AZ residents from south of the border inc. Guatemala, El Salvador, Panama, etc., India, the Philippines, Chyna, Korea, Iraq, Iran, etc.
pretty sure none of them can spell birth control
even if the Pope, Buddha, and Mohammad were ok with it
It’s a house of cards that will fall soon enough. The state keeps chipping away, and with the orojected deficit, it’s only going to get worse.
The young, recent grads are attracted to high paying tech jobs, because they have to pay off their 500K debt. That is really all it is. If Google or Facebook or others moved their headquarters to New Mexico the same thing would happen there. The old timers who bought low would sell high and retire somewhere else, and the place would be full of 20 somethings on Segways and byrd scooters who paid 75% over market for their house or rent and wonder why they are making so much yet have so little.