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Updated about 1 year ago,
Investing in California
This is more of a question to get a pulse type survey of BP investors.
So over the last couple years plus there has been mass discussion about exodus out of the state of California. We can definitely see trends of where people move to places like Florida for retirement. Bay Area specific (San Franciso even more specifically) was affected by the pandemic and tech work related migration. Places like Austin soared with tech, to where many no longer consider those parts of Texas affordable. Seattle in Washington being similar.
With all that California still remains the most populated state by at least 8 million, numbers are different depending on which sources you look at.
https://worldpopulationreview.com/states
So a few thoughts/questions.
Does California continue to go down in population, if so how long? Or is it indefinitely (I think some in this forum would love that haha)
Does (or at some point in time) this population decline make California a better place to look at investing than other States?
One the number one issues aside from price point that people mention as a challenge for California it is a tenant friendly state. Do people think some of the laws and legislature will change/ ease up in the future?
Just some New Year thoughts.