Quote:
Originally Posted by LA21st
It's more about affordability. Phoenix and Vegas and such are much cheaper than LA. What hurts LA is the cost. Nobody's talking about it here, but LA rent and housing skyrocketed after 2010. That is the biggest problem with it's growth in the last decade.
SF did better, but as others have said, it has a unique situation with SV and the crazy salaries.
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I've been talking about it for years but than I get shrugged off like I'm some fella on Skidrow asking for change to feed my speed addiction (which LA has tons of folks, probally well over 4 million if they are counted).
Affordability is massive!
Even with places like SF, I bet... I bet... if affordability was more accessible, we'd see figures over 900k. NYC would be much larger and many of our cities, like Seattle.
Believe it or not (speaking in general), for some folks... cost matters! Hence why they flee to the suburbs or the sunbelt.
You have a lot of Californians going to Texas or Arizona. If Cali wasn't so expensive or if the state didn't suck at retaining residents, we would of seen them stay. I mean after living in Cali with nice weather, why the hell would someone want to go to Arizona aka surface of Mars? Cost and affordability is why.
EVENTUALLY, lack of affordability will stifle or limit the growth potential. "What it could be" is limited or lagged.
And it sucks for the state because of brain drain, talent or business relocated. Might not seem like a big deal if say a few businesses or residents move, but add that over the years, and what it could of been like starts to become apparent.