[quote=EconProf]But yesterday a factoid came out from the Hoover Institute of Stanford University that is more relevant to RE trends. CA has lost more businesses to other states so far this year than all of last year: 74 so far in 2021 vs. 62 in all of 2020. So the exodus of people (as per Census Bureau) and businesses is accelerating.[/quote]
Honestly, truth be told, I hope a lot more people and companies leave. It would make me very happy to have fewer people in San Diego. (It would also make the ridiculous rise in house prices slow which I would like.)
Unfortunately, from everything I see, people aren’t leaving, house prices are still rising, and California still seems to be the land of opportunity. I wish it wasn’t so, but it does seem to be that way.
