this post was submitted on 25 Jul 2024
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Housing Bubble 2: Return of the Ugly
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So I wonder about this: States like Texas and Florida have people moving into them, and California has people moving out of it. I haven't even bothered to fact check that beyond looking briefly and seeing that it's not laughably false, but I wonder if the hard-Republican states tend to have falling value-of-everything values, which mean people in states that are doing better economically feel pressure to leave for money reasons, that doesn't exist in the red states. So bottom line people are overall tending to move to the red states.
I don't know any of the economics involved or even if the GOP talking point is true, although it seems sort-of true maybe, but I wonder if something like that is going on.
Those are always cherry picked to state whatever the viewer believes. The truth is that states just have lots of people moving between them all the time. The Census bureau states that California has one of the lowest in-migration rates of the whole country, but of course that’s a rate, so it’s a percentage of population. Or you can word it that California has tens of thousands of people moving out of the state since their out-migration rate is also lower than other states.
Turns out people just move a lot and they like to move where other people already are.
https://www.census.gov/library/stories/2023/06/state-to-state-migration.html
https://www.census.gov/library/stories/2023/11/state-to-state-migration.html
Yeah, I sort of suspected that it might be something like that. Like I say I never really attempted to get to the bottom of it to see if it was even true statistics.