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Greater 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 way of life in Mexico.
California repeatedly ranks excessive as one of many nation’s most costly states to stay in. The median asking value for a house in California is about $797,470 — solely 25% of the state’s households might afford that within the fourth quarter of 2021.
California’s inhabitants progress has been declining for greater than 30 years now. However due to the rise in distant work as a result of Covid-19 pandemic, these developments have accelerated. The flexibility to work anyplace has 62% of People contemplating transferring to a brand new nation.
Nonetheless, there are some setbacks. Many critics argue that People 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.
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