Here's Where Californians Are Moving To Escape Skyrocketing Prices

A new report using property searches and census data from realtor.com reveals which states Californians are moving to when they realize that a $1.4 million McMansion on 1/16th of an acre while staring into their fat neighbor's bedroom window just isn't all it's cracked up to be. 

Silicon Valley residents in particular are leaving in droves - more so than any other part of the state. Nearby San Mateo County which is home to Facebook came in Second, while Los Angeles County came in third.

They’re looking for affordability and not finding it in Santa Clara County,” said Danielle Hale, chief economist for realtor.com.

A tight housing supply combined with nearly a decade of exploding home values have pushed housing prices and rents through the roof. Take, for example, this 848 square foot home on Plymouth Drive in Sunnyvale, CA (which in the 90's was the "poor" part of town vs. nearby Mountain View and Los Altos). 

After being listed in March for $1.45 million, it sold within 48 hours for $2 million, or $2,358 per square foot. With Sunnyvale's 1.25% property tax, the new owners are paying $2,083 per month, or $250,000 every 10 years

The housing crunch has inspired a flurry of state legislation designed to boost new home construction and eventually lower prices, "including a sweeping proposal to add millions of homes by public transit. It died in April, but its author, Sen. Scott Wiener, D-San Francisco, has vowed to try again next year," writes Kathy Murphy in the Mercury News.

As Michael Snyder of the Economic Collapse Blog pointed out in May...

Reasons for the mass exodus include rising crime, the worst traffic in the western world, a growing homelessness epidemic, wildfires, earthquakes and crazy politicians that do some of the stupidest things imaginable.  But for most families, the decision to leave California comes down to one basic factor…

Money.

It's not just housing prices driving the exodus, of course. Punitive taxes - more than twice as much as some other states, are eating away at disposable income. Nearby Arizona's income tax rate is 4.54% vs. California's 9.3%, while the new tax bill may accelerate the exodus.

As Snyder notes:

"But now the new tax bill has made some major changes, and some experts believe that this will actually accelerate the exodus out of the state of California.  The following comes from CNBC…"

In an op-ed in the Wall Street Journal headlined “So Long, California. Sayonara, New York,” Laffer and Moore (who have both advised President Donald Trump) say the new tax bill will cause a net 800,000 people to move out of California and New York over the next three years.

The tax changes limit the deduction of state and local taxes to $10,000, so many high-earning taxpayers in high-tax states will actually face a tax increase under the new tax code.

So where are people going?

The top destination for Bay Area residents is either a cheaper part of the state such as Alameda, Sacramento, San Juaquin or Placer counties, where homes can be found for $500K - $894K less than Santa Clara. Silicon Valley residents heading out of state are setting up camp in Arizona, Nevada, Idaho and Texas. 

And as South Bay Silicon Valley residents in particular are flocking to nearby Alameda County - one of the top destinations for in-state moves, Alameda County residents are being pushed further east to lower-cost Contra Costa, San Juaquin, Sacramento and Placer counties. 

Meanwhile, the median home price in Sacramento County — $357,000 — has risen each month for the past six years, the Sacramento Bee reported last week, jumping by 12 percent in the past year. -Mercury News

Here are the top 10 California counties that people are leaving, and where they're headed... (realtor.com via the Mercury News.)

1. Santa Clara County

Out of state destinations: Arizona, Nevada, Texas and Idaho

In state destinations: Alameda, Sacramento, San Joaquin, Santa Cruz and Placer counties

2. San Mateo County

Out of state destinations: Arizona, Nevada, Texas and Washington

In state destinations: Alameda, Contra Costa, Santa Clara, Sacramento, and San Francisco counties

3. Los Angeles County

Out of state destinations: Nevada, Arizona, and Idaho

In state destinations: San Bernardino, Riverside, Ventura and Kern counties

4. Napa County

Out of state destinations: Arizona, Idaho, Nevada, Florida and Oregon

In state destinations: Solano, Sonoma, Sacramento, Lake and El Dorado counties

5. Monterey County

Out of state destinations: Arizona, Nevada, and Idaho

In state destinations: San Luis Obispo, Fresno, Santa Cruz, Sacramento and San Diego counties

6. Alameda County

Out of state destinations: Arizona, Nevada, Idaho, and Hawaii.

In state destinations: Contra Costa, San Joaquin, Sacramento, Placer, and El Dorado counties

7. Marin County

Out of state destinations: Nevada, Arizona, Oregon and Idaho.

In state destinations: Sonoma, Contra Costa, Solano and San Francisco counties

8. Orange County

Out of state destinations: Arizona, Nevada and Idaho

In state destinations: Riverside, Los Angeles, San Bernardino, San Diego and San Luis Obispo

9. Santa Barbara County

Out of state destinations: Arizona, Nevada and Idaho.

In state destinations: San Luis Obispo, Ventura, Los Angeles, Riverside and Kern counties

10. San Diego County

Out of state destinations: Arizona and Nevada

In state destinations: Riverside, San Bernardino, Imperial, Orange County and Los Angeles

Comments

HRH of Aquitaine 2.0 Shillinlikeavillan Sat, 06/02/2018 - 21:15 Permalink

Saw some from South America a few days ago at my local grocery. Woman with two kids. Really short, native-type blood line (Incan, Aztec). She, and her two offspring, looked at me and I was looking at them. They knew I saw them as outsiders. They are nothing less than invaders and freeloaders. Why should the local school district pay to educate those foreign brats?

By the way, great discussion on Stefan Molyneux's channel, this morning, when a teacher called in and discussed the remnants of the US education system. It is worse than any of us thought. And it is perfectly legal. From the kid that shows up with a gun or knife and isn't kicked out of school or sent to a mental institution to the local school board counting bodies as a way to increase their revenue stream to the mothers that want their child to be declared autistic so the single mother can continue to get welfare (for life) to take care of her autistic child (as SSI disability for the kid also provides benefits to the mother as a caregiver, all part of the scam). It's lunacy and it is not going to end well. https://youtu.be/kEdB1xIsHHs

In reply to by Shillinlikeavillan

malcolmevans Son of Loki Sat, 06/02/2018 - 23:45 Permalink

Austin is worse than that.

Tap water undrinkable.

As he said above bad-ass pollution from AMD and other high tech giants.

Summer heat and humidity unbelievable. Last summer I had to finance my electric bill.

Has to be the rattlesnake capitol of the world once you leave the pavement.

Texas sized mosquitoes.

Locals don't cotton to Californians. 

Golf courses brown and cracked except in dead of winter. 

Lakes are more congested than I-35, which is saying something.

So stay the fuck out.

 

In reply to by Son of Loki

SlowBro ThePhysicist Sun, 06/03/2018 - 08:44 Permalink

Californians: Please don’t leave until you fix the world view which caused this mess in the first place, else you risk spreading it elsewhere and starting it all over again. 

Say it with me: “The God of the Bible exists, and He has expectations of how to live written in His book.”

Your multi-generational denial of this basic fact has ruined your children and grandchildren — assuming you have any.

You want to save the world? Pick up a Bible and obey it. 

In reply to by ThePhysicist

DennisAOK malcolmevans Sun, 06/03/2018 - 12:26 Permalink

"Locals don't cotton to Californians." I've lived in both states. Texas is unpleasantly hot, but people are friendly. Coastal California has a pleasant climate but CA people are least friendly of any place I have ever been. I attribute it to 1) overpopulation and 2) diminished expectations after people realize how low the quality of life is and how unlikely it is they will achieve fame or fortune.  

In reply to by malcolmevans

Whydah MK13 Sun, 06/03/2018 - 08:06 Permalink

Ha!  Spent a weekend in coastal North Carolina recently.  Had to go to Lowe's twice.  Everyone working there had a northern accent or were from some darker skinned heritage.  No one would look you in the eye.  Then there is the touron inundation for the beaches. SMH!  Here in rural Va. even strangers speak to one another, "Hi", "Good morning", "How are you?".... except for the transplants.

In reply to by MK13

The Ram Whydah Sun, 06/03/2018 - 10:09 Permalink

I was stationed (Marines) in coastal North Carolina in the mid 80's. I lived in Pine Knoll Shores. I don't remember the locals being that friendly even in those days.   But there was lots of natural beauty and few blacks or foreigners in those days.  Overall, it was not a bad place except during high tourist season in July-August.

In reply to by Whydah

new game MK13 Sun, 06/03/2018 - 08:44 Permalink

atoms heating up and colliding moar often and harder hits.

explosions next as the stress builds. meltdowns, road rage

and downright fukheads being fukheads. uncivilized behavior is the new norm.

traffic butting fuksticks  butting in line think they are someone special; someone some

day is going to get out and walk up to the car and blow them away-point blank messy outrage.

 

In reply to by MK13

One of We T-NUTZ Sat, 06/02/2018 - 22:03 Permalink

Socal was a great place to live in the 70-80's and probably before.  In the suburbs land was plentiful and relatively cheap so if you wanted you could live far enough away from your neighbor to shoot and pee off your deck or ride dirt bikes through open spaces that I always thought went all the way to Arizona.  There were plenty of open waves and I never saw a beach closed for pollution outside an occasional winter outage because of an unusual rainstorm that flushed the gutters.  Something happened in the late 80's - early 90's that ballooned the population and it has steadily gone downhill from there.  I don't remember where people were coming from or if it mattered but more people meant the edges of suburbia where I lived quickly became the middle of suburbia and the populated areas became more dense.   I'll keep moving as long and as far as I have to find a place where I can have some elbow room......until I can't and then I'll be a volunteer for the first planet colonization mission.....

In reply to by T-NUTZ

One of We ACP Sat, 06/02/2018 - 23:20 Permalink

California pop growth:

1850: 92,597
1860: 379,994, a 410 percent increase over 1850
1900: 1,485,053
1930: 5,677,251
1950: 10,586,223
1970: 19,953,134<-----
1990: 29,760,021<-----
2000: 33,871,648
2009: 38,292,687
2015: 38,715,000
2017: 39,536,653

My perspective is living in SD from 1970 - late 1990.   For me the comfortable carrying capacity of CA is around 20 million.  I haven't dug into the demos so I don't know if the influx was eastcoast libs and Mexicans or organic growth from the tech boom.  There are still some amazing stretches on the central coast that are unfuckedwith and they remind me of most of the Baja California coastline.  Tied for most beautiful place in the world imho.

In reply to by ACP

Dr. Bonzo One of We Sun, 06/03/2018 - 01:26 Permalink

You guys still don't get it. The REAL Chinese migration hasn't even started yet. It's just getting underway. The deluge of humanity from China will make the Latin refugee stream seem like a dripping faucet in comparison.

And the Chinese bring monopoly money by the wheelbarrow-full.

You'll all be refugees in your own country in short order.

 

In reply to by One of We

One of We dchang0 Sat, 06/02/2018 - 23:31 Permalink

Got hooked on stocks in 5th grade (1983?) doing a mock investing project.  Made $50k in day on some Teledyne-Ryan stock.  Didn't know much about the company but that its P/E was around 2 (lol) and my Dad brought home some some of their vendor swag from the Tailhook convention with posters of what looked like a Predator drones and JDAM's.  Had that shit tacked to my bedroom walls for years....

In reply to by dchang0