Actually FIH, it is pretty well documented that outmigration from CA to other states far exceeds in-migration from other states. Our population still grows due to a higher than average birth rate plus the influx of foreigners, legal and illegal.
They leave not only for jobs but the lower taxes and cost of living. Your money simply goes farther.
Allow me to cite my own examples, since I spend half my days in San Diego and half in Yuma, AZ, two and a half hours east of El Cajon, (we own and manage commercial properties in and around Yuma).
A typical Mira Mesa house (3,2, 1600 SF) would cost $220,000 in a good Yuma suburb. Property taxes, @ 2% of market value would be less than the roughly 1.25% of the Mira Mesa house value.
BTW, That MM type house would rent for $1,000 in Yuma.
Yes, AC costs may be $300 during the summer, but drop to $100 in and around winter. Water and sewer bills much lower.
Since traffic is lighter and most everything is within twenty minutes, commuting costs are lower and you save scads of time in your day.
Gasoline is $2.09. Hired labor is cheap. Tonight we will go see La La Land for $5.50 each. Groceries are far cheaper, even compared to the same
grocery chain as San Diego. Fruit and vegetables are cheaper because Yuma is the salad capital of the country.
As for state income taxes, mine are 60% lower in AZ compared to CA, which has the highest rates in the nation.
I suspect Texas is much like Yuma in these respects (except no income tax whatsoever). In short, one’s standard of living depends heavily on the differing cost of taxes, goods, and services in each area.[/quote]
Yes, but I doubt you can find all the biotech and engineering jobs in Yuma as you can in Sorrento Valley….And because you have all those biotech and engineering jobs, you have people spending that can support all the ancillary businesses in the neighborhood, restaurants,shops, day care, kids activity businesses, etc,etc,etc. And since you have mom and dad in techville, mom and dad probably ends up spending money on little jane on john to send them to thinkgs like kumon and piano/violin lessons, etc,etc because they want them to be little tiger moms and tiger dads when they grow up.
