This is a good point. I’ll also add that California is not one big city. There are parts that are doing really well economically, and other parts that are doing

This is a good point. I’ll also add that California is not one big city. There are parts that are doing really well economically, and other parts that are doing terribly. Housing may be somewhat cheap on those economically deprived areas, but they’d be cheaper still in other states with better job prospect. Or, someone who grew up in California may end up leaving the state because their chosen career path wouldn’t allow for them to ever purchase a home here.