Tuesday, March 20, 2018

Californians fed up with housing costs and taxes are fleeing state in big numbers

He said the latest Census Bureau data, from July 2016 to July 2017, show "More people moved out of California to other states than moved in from other states. In other words, California lost people due to domestic migration."

During that 12-month period, California saw a net loss of just over 138,000 people, while Texas had a net increase of more than 79,000 people.

Arizona gained more than 63,000 residents, and Nevada gained more than 38,000.

"You can literally have a lot of buying power for the dollar in Southern Nevada versus Southern California," said Christopher Bishop, president of the Greater Las Vegas Association of Realtors.

Bishop said some people who work for Silicon Valley companies are even working remotely from home in Las Vegas to avoid the higher housing costs in California.

"Most of the people are here because of our growing job market and industries in Las Vegas - and it's not all about casinos anymore."

Regardless, some people still want to move to California but are finding it tough to do so because of the high cost of housing.

https://www.cnbc.com/2018/03/19/californians-fed-up-with-housing-costs-and-taxes-are-fleeing-state.html 

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