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I haven't seen any evidence for it depopulating. Anecdotally yes people talk about moving and how expensive it is, but I haven't seen any data or real evidence
by JimboOmega 8y ago
I haven't seen any evidence for it depopulating. Anecdotally yes people talk about moving and how expensive it is, but I haven't seen any data or real evidence that there's a significant outflow.
There has to be an end to the housing price rises, though. I think it will happen when salaries get too high for tech companies to pay. Why pay double what you would for the same person in another area? Right now the ease of finding employees makes it worth it, but there has to be a tipping point somewhere.
I keep thinking the housing policies will kill the golden goose but it hasn't yet.
- zjaffee 8y agoInflow is greater than outflow but it primarily comes from births and international immigration. Additionally domestic migration into California is certainly still happening, but it's very likely the case that it involves the filtering out of the working class. https://lao.ca.gov/laoecontax/article/detail/265 https://lao.ca.gov/laoecontax/article/detail/265