Based on the U.S. Census Bureau's American Community Survey data, "lower income Californians are the ones who are leaving, not higher income," said Christopher Thornberg, founding partner of research and consulting firm Beacon Economics in Los Angeles.I hope they are leaving because they read my blog! But...I know that isn't true. They are living the hell of CA. GET OUT!!!! NOW!
He said housing is the chief reason people are leaving California, pointing out there are frequently bidding wars for what limited inventory of homes is available.
A USC Dornsife/Los Angeles Times Poll of Californians last fall found that the high cost of living, including housing, was the most important issue facing the state. It also found more than half of Californians wanted to repeal the state's new gas tax, which raised fees by 40 percent.
"The rate at which California has been losing people to other states has accelerated in the past couple of years, in part because of rising housing costs," said Jed Kolko, chief economist with employment website Indeed.com.
Go here to open an account on Coinbase.com and I get $10!!