👉 Top 5 Reasons Why People are Leaving California !(The Nomad Economist)

Top 5 Reasons Why People are Leaving California !(The Nomad Economist)
Top 5 Reasons Why People are Leaving California ?
People have long dreamed of moving to California, but increasingly the people in the state are looking to get out.
So if California continues along this road, in a generation’s time, we will have a state consisting of tech billionaires and illegal immigrants making less than the minimum wage, and almost no-one in between. As far as I can see, the people in power have no desire or incentive to prevent this from happening. As the middle class (excepting those who work for the government and other public sector institutions) tend to be conservative, then from the Democrats’ perspective, the more of them that leave the state, the better.
Californians are also leaving in droves because of fires, taxes, and regulations.
The demographics are illuminating. The middle and upper classes are fleeing, taking their capital and skills with them. The incoming are poor and unskilled.
You can see where this trend will eventually lead.
Welcome to The Atlantis Report.
California, the fifth-largest economy in the world, has long been a magnet for many reasons: exploding economy, incredible beauty, air and weather, fantastic wildlife, countless places to visit, and things to do, friendly people, etc.
In its heyday (before the ’90s), there was not a more beautiful or perfect place on earth to grow up.
However, today, California suffers from a myriad of enormous problems which seem to be getting worse every year, thus causing many people to move on to greener pastures.
First and foremost, California suffers from a tremendous housing shortage and astronomical housing prices. Rentals start at about $4000 for a one or two-bedroom, and depending on where you live, and you will probably pay even more for a studio.
To top that off, the Chinese are coming over in droves, and they outbid everyone, pay top dollar, no haggling. Not many people can compete with the unlimited cash the Chinese are willing to pay.
The second issue is taxes. California residents pay more in overall taxes than just about any other state in the nation. That includes income tax.
Third, the U.S., generally speaking, is a nanny “state.” Well, you can multiply that times 10 in California. It’s exhausting.

Fourth, traffic. There is no public transportation in California (no, I don’t include BART as public transport- only people who have never experienced real public transport will say that) and traffic is horrendous. Fifteen years ago, it used to be that you could travel at certain times during the day or night and be assured of standard traffic patterns. Today that is no longer the issue. Traffic is bumper to bumper nearly all the time. You have to travel between maybe midnight and 3 AM to drive unimpeded in places such as the Bay Area, San Francisco, Los Angeles, etc.

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