More than 360,000 individuals left California in 2021, in what some are calling “The California Exodus” — many leaving for states like Texas, Arizona and Washington.
And a rising variety of former Californians are migrating overseas altogether and are as a substitute heading south of the border. Many are looking for a extra relaxed and reasonably priced life-style in Mexico.
California repeatedly ranks excessive as one of many nation’s costliest states to stay in. The median asking worth for a house in California is about $797,470 — solely 25% of the state’s households may afford that within the fourth quarter of 2021.
California’s inhabitants development has been declining for greater than 30 years now. But because of the rise in distant work as a result of Covid-19 pandemic, these traits have accelerated. The potential to work wherever has 62% of Americans contemplating transferring to a brand new nation.
However, there are some setbacks. Many critics argue that Americans are driving up the price of housing for locals and pricing them out of the market.
Watch the video to study extra in regards to the impression of this migration pattern.