If you think of all the people you know that fled the state in the past decade I’ll bet most were motivated by real estate prices. I know people here will complain about taxes, traffic, illegal aliens or whatever thing that bugs them the most but anyone I’ve ever known that actually left, R/E played a significant role, with the exception of those moved by their employers. Some sold their houses in the peak years and paid cash in some other state for the same or larger homes, while others fled in frustration because they would never be able to afford to buy here. The two common scenarios have changed, the disparity between California prices and those of many other places have become closer in price, maybe not the same and certainly not the same in certain niche markets but overall the disparity is becoming smaller.
