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Home › Forums › Financial Markets/Economics › The Reverse-Joads of California (who is leaving Ca. in droves????)
Just like NYC, the “big coastal cities” in CA are major points of entry for immigrants — that’s what makes them interesting and great. I don’t know if replacement via immigration is a new phenomenon, and there’s nothing much wrong with it.
As far as the rich in-migrating, this is a good thing, no? Builds tax base. And any concerns about taxes tend to be trumped by CA being an amazing and beautiful place to live once you have a certain amount of money.
I’m curious if the “since 2005” is a cherry picked data point or part of a larger trend.
Usually WSJ leans between moderate and slightly conservative. I think the article in question does a good job of explaining the “why” of the out migration; basically high housing costs. I am disappointed it didn’t follow-up on the high earner in-migration data point.