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It shows a population decrease of around 0.5% in 2020.
Probably won't put much of a dent in traffic or housing costs, even if it continues for 10 years. But I still have fond memories of the 1990s, when things were more sane.
Earlier quoted context omitted.
The myth (repeated endlessly here and elsewhere) is that high taxes and excessive commercial regulation are driving wealthy founders and other knowledge workers out of California. The truth is that high housing prices are driving low and middle income households out of the state.
California has much lower housing costs outside of major cities. It’s exodus is seen as unusual simply because it’s a a populous state, but rate wise it’s hardly unusual. IMO, people leaving California in large numbers is also a function of how many people move into the state because people who moved long distances once are more likely to move again. As 2020 was a serious outlier I am sticking with U.S. states by net…
- The article says that "millionaire flight" out of California is a myth. This is mostly true and a good point. - However, the article/research looks at outflow and doesn't find a trend but this is bad methodology. It looks like they are not factoring in the fact that less people are moving into California then had been previously even if the rate moving out isn't too different. It almost feels intentional given how…
The myth (repeated endlessly here and elsewhere) is that high taxes and excessive commercial regulation are driving wealthy founders and other knowledge workers out of California. The truth is that high housing prices are driving low and middle income households out of the state.
However, if you ever talk to uber drivers or your waiters they will complain about how expensive California is. Or even people at parties who are in between jobs and thinking of moving to where they grew up. I guess in real life I just hear more people talk about the general cost of living argument than a than the specific anti-tech one.
"The thing I have noticed is when the anecdotes and the data disagree, the anecdotes are usually right. There's something wrong with the way you are measuring it." - Jeff Bezos This is a tricky article because I can tell it's using the term 'exodus' and 'myth' differently than I would. It's abundantly clear there is a lot of migration out of California. Just ask Texans, Coloradans, and Idahoans.
Do you have data to back that up? Do we know that the number of Californians leaving is higher than before, and if so, by how much?
I don't claim to be a better researcher than the folks in the article but the conclusion doesn't seem to add up.
Housing is the real problem. I still live in the neighborhood where I grew up in Southern California. Back when I was a kid, we used to have street gangs, but they’ve all been gentrified out. They’re putting up a new housing complex in my neighborhood, and I learned that I qualify for the affordable housing units on a senior developer salary, because it’s below the median income.
A lot of my in-laws have lived in Palo Alto way before the boom times but are considering leaving when they retire, at that point the upsides of staying are suddenly a lot less.
"The thing I have noticed is when the anecdotes and the data disagree, the anecdotes are usually right. There's something wrong with the way you are measuring it." - Jeff Bezos This is a tricky article because I can tell it's using the term 'exodus' and 'myth' differently than I would. It's abundantly clear there is a lot of migration out of California. Just ask Texans, Coloradans, and Idahoans.
Careful framing of the purported “myth” is critical: > For one, while residents are moving out of state, they are not doing so at "unusual rates." Similarly, the research found no evidence of "millionaire flight" from California and notes that the state continues to attract as much venture capital as all other U.S. states combined, despite the recent exodus of Hewlett-Packard and Oracle. Who is saying California is u…
And these people will be replaced by less experienced or less talented workers. I recently heard a low performer get hired at a FAANG company and wondered how this person managed to trick that company into hiring him.
"The thing I have noticed is when the anecdotes and the data disagree, the anecdotes are usually right. There's something wrong with the way you are measuring it." - Jeff Bezos This is a tricky article because I can tell it's using the term 'exodus' and 'myth' differently than I would. It's abundantly clear there is a lot of migration out of California. Just ask Texans, Coloradans, and Idahoans.
Do you have data to back that up? Do we know that the number of Californians leaving is higher than before, and if so, by how much?
https://www.census.gov/library/stories/2021/04/2020-census-d...
"The thing I have noticed is when the anecdotes and the data disagree, the anecdotes are usually right. There's something wrong with the way you are measuring it." - Jeff Bezos This is a tricky article because I can tell it's using the term 'exodus' and 'myth' differently than I would. It's abundantly clear there is a lot of migration out of California. Just ask Texans, Coloradans, and Idahoans.
what a dumb quote by bezos
That's the key point of the quote:
> There's something wrong with the way you are measuring it
Earlier quoted context omitted.
California has much lower housing costs outside of major cities. It’s exodus is seen as unusual simply because it’s a a populous state, but rate wise it’s hardly unusual. IMO, people leaving California in large numbers is also a function of how many people move into the state because people who moved long distances once are more likely to move again. As 2020 was a serious outlier I am sticking with U.S. states by net…
Suburban and housing costs in California are very high by national standards. Is your argument that the people who are moving out of California overwhelmingly non-native Californians?
It’s not that an overwhelming percentage of people leaving recently moved in, but they do represent a larger percentage of people moving out which is normal.