Where will people move - Exodus from Cali and NY

[Jeff Lundeen]

California has long been seeing people exiting, and I'd speculate that COVID will increase that trend.  Especially as we see tech companies like Twitter, Square, and Facebook allowing Work From Home.  I personally see people from the Blue "high tax" states leaving.

Where will they go?  I'd speculate: Texas, Colorado, Arizona, and Utah.  (probably Idaho too)

Any states in the Midwest or places with cheaper property that you would expect people to move to?

[Andrew Kiel]

A fun trick I like to use to check one market over another: U-Haul rates for trucks.

I just looked up a one way trip on U-Haul's site from Phoenix, AZ to San Jose, CA for a 20 ft truck (June 5th pick up date). It was $153 one way.

The same truck, dates and trip from San Jose, CA to Phoenix, AZ is $1804.

This says it all.