Quote:
Originally Posted by park123
If middle class people from the Northeast are moving more to the Southeast than the California, that is not because California is too far away, but because California is very expensive, and the Southeast is cheap while offering pretty good job opportunities in the larger metros. If suburban homes in LA and the Bay Area were relatively inexpensive (as they were in the 1950s-1970s), California would still be booming from in-migration from the Eastern USA, as it was back then.
|
I agree with this, but that's the main reason they're moving.
You get a lot more home for your money in North Carolina than in, say, Connecticut. It's the same phenomenon in Oregon or Arizona or Nevada relative to California. Also, there are people who will uproot their lives and move to a new place just to save a few thousand in taxes annually. It's crazy but people really think like this.
And they don't get that their new place won't be cheap after a few years when everyone else shows up. My cousin lives in a so-so area of Portland, and paid an ungodly amount for a simple bungalow a few years ago. Yes, much cheaper than Coastal CA, but not cheaper than inland CA anymore.
Yes, if CA were magically cheap again, it would likely get millions of Easterners. But then it wouldn't be cheap.