Quote:
Originally Posted by DaFace
Yeah, he's opposite of reality about who is moving out and in. Lower-income, lower educated people are moving out (because they can't afford it). Higher-income, higher educated people are moving in (because they can). Data here:
https://www.ppic.org/blog/whos-leavi...hos-moving-in/
That's not to say that it's a good thing to force lower-income people out, of course. |
Re: the "exodus" half of that, looks like they define "middle income" as about $51k - $138k, so that probably accounts for some of the confusion in terms of "rich people are moving out of California", especially for those of us living in a state where we see Californians buying up relatively expensive houses and helping jack up housing costs..
Of course $100k goes a lot further once you move out of CA, but it's also not McDonald's salary for CA, either.
They probably should have broken down that range a bit to get a better idea in terms of income out, IMO.