As individuals, humans are very good at optimising for the short term, while ignoring long-term risk. It seems to makes sense to pick a place based on low cost

As individuals, humans are very good at optimising for the short term, while ignoring long-term risk. It seems to makes sense to pick a place based on low cost of living because that affects our life-style this month. External factors can mess with the equilibrium, think winter storm or unexpected pregnancy, but those aren't important to us, so we happily ignore that for now. Focus on the immediate up-side, and just ignore the possible (but unlikely) downside. Don't get me wrong, we kinda have to live like this, or we end up as preppers. We kinda have to ignore things like possible earthquakes on the West Coast or we'd be permanently terrified. On the other hand we care enough to cater to some level of earthquakes in building codes. But no building code will guard against Cascadia. So sure, lots of people move to Texas because of the weather, or cheaper housing, or cheap energy, or whatever. But as a general rule they're likely to be less resilient to unlikely events.