4 ms·
As of 2019 California had domestic out-migration for under-100k earners and in-migration for >100k earners. Plus overall immigration. That might look different
by majormajor 4y ago
As of 2019 California had domestic out-migration for under-100k earners and in-migration for >100k earners. Plus overall immigration.
That might look different post-Covid, but that was a recipe for an affordability disaster even without growing faster than the US as a whole.
(I think the high-asset crowd is overall at least as responsible as just the high-income crowd, though. Billionaires gentrify the millionaire neighborhoods, the millionaires displace some of the 500kinaires, etc, etc.)