The number of residents that have had enough of the lunacy of living in California has not slowed down.
According to a new report by the Federal Reserve Bank of Chicago, Illinois and California continue to hemorrhage residents, losing them to surrounding states by the thousands every month.
Per Silicon Valley:
Only Illinois ranked worse off than the Golden State when it came to moving vans heading for the border during the pandemic, according to the report, which focused on data from the moving company United Van Lines. In 2018-19, 56% of moves in California were families fleeing the state. In 2020-21, that figure jumped to nearly 60%.
The state that was by far the biggest draw of California residents? It was Texas, the destination for more than 7,500 California families during the four years in the study, perhaps little surprise given that Silicon Valley’s tech giants like Oracle, Tesla and Hewlett Packard Enterprise picked up and moved their headquarters there too.
California also continues to lose residents to Washington, Florida and Virginia while attracting consistently fewer movers arriving from those states.
California’s largest cities have been steadily hemorrhaging residents since the start of the pandemic. For the first time since 2013, San Jose’s population dropped below 1 million, and San Francisco’s population has dropped by more than 3% in the past two years. Even Los Angeles saw its population steadily decline during the pandemic. A continuing exodus from these cities, experts say, could eventually translate to a major shake-up across housing markets, demographics and corporate landscapes.
Guess what Illinois and California have in common?
Yep, they are both dominated by Democrats and have Republican Parties that are 100 percent powerless.Commentary