If people are leaving home prices should go down and housing inventory should go up. It hasn't happened yet but if the article is wrong, this is the real outcome of empty homes
From the article: - The majority of Californians still believe in the “California Dream.” - Residents are moving out of state, but not at unusual rates. - There is no evidence of “millionaire flight” from California. - California’s economy attracts as much venture capital as all other states combined.
Just the fact that the president of UC has to draft this news release gives credence to the fact that people are considering leaving California. Also they really are basing this case on Google search trends 🤣
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How gullible one would have to be to believe that? As gullible as someone believing that a study by the University of California…
- The majority of Californians still believe in the “California Dream.”
- Residents are moving out of state, but not at unusual rates.
- There is no evidence of “millionaire flight” from California.
- California’s economy attracts as much venture capital as all other states combined.