The Market Tectonics of California Real Estate

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Submitted by Escoguy on May 28, 2021 - 12:17pm

I found this informative as it gives specific stats on regional movement within the state:

https://www.nytimes.com/2021/05/28/reale...

Submitted by sdrealtor on May 28, 2021 - 12:48pm.

Pretty much what we have been seeing and saying. Found these quotes on target

“Overwhelmingly, the people who have left California have been those who make $50,000 a year or less, while until recently, we still had immigration from many people making $200,000 a year or more,” Dr. Green said. “The tax story is not a very compelling story but the cost of housing story is.”

While San Francisco and Los Angeles both saw their population dip in 2020, California Policy Lab found “no evidence of a pronounced exodus from the state,” adding that “the pandemic has not so much propelled people out of California as it has shifted them around within it.”

“People live in California for a reason. We love our waves and our snow and our warm weather,” he said. “With all the talk about crazy prices and politics, it’s easy to forget the compelling reasons people live here. And that’s why so many within California will just move to other parts of the state.”

Submitted by an on May 28, 2021 - 4:23pm.

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