Yes you are correct.
California is number 1 and Texas is number 2 regarding economy.
But California increased 17% in the last decade.
Texas overtook New York and increased 27% in the last decade.
Probably a lot due to the real estate bubble and jobs. I think Calif took a much bigger hit than Texas in real estate.
Also the cost of living needs to be included.
I know a couple recently who moved from Calif to Texas.
His company relocated from Calif to Texas.
They sold their home in Calif for approx 1.5 million and purchased a home here in Texas that was well over twice the size of the one in Calif for a little over $400K.
Cost of living in Texas is low and taxes are really low.
His company moved because of lower taxes, lower regulations and my guess the tort reform laws Tx passed.
Thanks for the response. I would certainly say that California is on the path to self destruction. It’s just a matter of time.