[quote=EconProf]Let’s revisit my claim of ‘ominous trends” for San Diego and CA I mentioned that got a lot of criticism. CA’s now declining population is a result of many “push factors” that are causing people and companies to make the very exensive decision to leave.[/quote]
Declining native-born population maybe. But the country needs more younger immigrants to offset the aging population and to pay for SSA/Medicare. Immigrants from Asia are highly likely to go to CA and TX – so the population won’t decline. Just won’t grow as fast as TX, AZ, or FL. But CA is still way better than most NE states, so you’ll get people moving away from those states also.
The CA tax burden is much lower than those states.
Costs in SF/SJ/LA/SD are much higher relative to other tier 1 cities in other states. But eventually the main cities in TX, AZ, FL prices will move up also, negating the cost differential over time.
