4 ms·
Eventually, people just move away. US states with a high cost of living have lost millions of residents to low cost of living states during the last 10 years, t
by Victerius 4y ago
Eventually, people just move away. US states with a high cost of living have lost millions of residents to low cost of living states during the last 10 years, to the point when California and New York are about to lose an electoral college seat each. And, yes, California and New York landlords are partially responsible for that for the reasons mentioned above.
The financial industry is moving away from the northeast to the south, primarily Florida, Texas, and the Carolinas.
High rents, taxes, and property prices make people and businesses run away.
- nxm 4y agoProperty taxes,income taxes, fuel taxes, high utilities costs all limit growth of prices in blue states.
- formerkrogemp 4y agoOn the flip side, "red" states are seeing rapid population growth from climate and economic migration, so inflation is high for low wage earners in the low cost of living areas. We're probably going to see a smaller range in costs between LCOL and MCOL than we have recently.
- briandear 4y agoNobody is migrating to Texas over climate.
- formerkrogemp 4y agoI want some of what you're smoking. Perhaps people are primarily moving for economic considerations for now, but come back here and tell me with a straight face with all of the flooding, subsidence, land slides, wildfires, and water issues don't force people out as well in the next year or two.