Arent there some benefits to people moving out?
For example, if 10% of the population moved out of the high priced Bay Area, wouldn’t we see housing prices decline? Which in turn would make the area more affordable for those remaining?
There would be less pressure on all of the infrastructure, from water and power to schools and roads.
Yes, we see a lot of upper middle class people moving away, and I’m not saying it’s good to see productive people depart. I’m saying that overall, there could be some benefits to lesser population in California.
The state and local governments will compensate for the outflow by imposing more ad higher restrictions on land use and housing.
There would be a drop in tax revenue and governments might be forced to increase taxes even more.
We need about five 7 Richter scale quakes to hit in rapid succession. It’s the only way to thin the herd.