It is not hard to see what is happening in California.
The 1940 Texas population according to the US Census was 6,414,824. The 1940 California population according to US Census was 6,907,387.
The estimated 2016 Texas population was 28,240,245. The estimated 2016 California was 39,309,017.
Do you guys see a pattern here? What has happened is not because old people are taking advantage of young people. And, the home prices in California are not obscene.
What is happening in California is that smart rich people young and old are visiting California from all over the United States and all over the world. When they see the perpetual blue skies and feel the great weather, they make a decision to invest in a home here. Someday in the future, there will be 60 million people in California.
I’m not slick; if I was I would have kept the 2600sf home that I bought in 1970 in Westminster for 42K. Instead, I sold it 2 years later for 62K and moved out of state. The slick guys are the ones that kept their homes in OC…
Isn't that what Jerry Brown said? ☺
Isn't that what Jerry Brown said? ☺
And you seem to be under the impression more people equate to success. Where did you get that?
California isn’t the only pleasant Mediterranean climate in the world, but it’s been economically dynamic due to a business-positive and freedom-oriented government. That’s no longer the case and hasn’t been for going on at least two decades. So, California is going to find that it’s not quite the very special place it has been in modern history, and that they have competition. They’re just about finished killing the goose that laid the Golden State. More’s the pity, I’d love to have known it before the nutballs took over.