“For the fourth year in a row, more residents left the Golden State than moved here from other states, according to a report released Wednesday by the California Department of Finance.
The outflow — last seen during the economic and social struggles of the 1990s — started when it became too expensive for most people to buy homes in the state, and has kept going throughout the bust with the loss of so many jobs.
The trend underscores the state’s sour economy as layoffs continue, the fiscal strain on government grows and home values continue to decline.”
IMO California will always rebound. It is the poster child of boom bust cycles. I’m a little leary on the current turn around in SD though. People need jobs to move here and I don’t think we have seen the worst yet on that front, in fact I am certain of it.
