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It's because most of the people who move to California have higher incomes. California still has net in-migration for income >$100K (at least as of the most recent stat, pre-COVID) but has a huge net out migration of people who make <$40K per year.
Interesting. I've lived in California for almost 30 years and in the last 10 years I've noticed a significant uptick in middle income people leaving for all over, but especially for Texas. Lower income people around here often leave for Nevada.
25 years ago, most people didn't move or even think about moving out of state. I think that it's fair to say that most middle class people in the LA area have given it at least some thought. California is a very tough place to be middle class, especially if you have kids.
Ppl want high paying jobs & an abundance of them. NYC is a hub for jobs on Wall Street, Fashion, Advertising (Madison Ave), Finance ... a slew of others. It’s expensive to live but there’s also a lot of $$ to be made & a lot of opportunity.
Thats why this area is desirable.
People always focus so much on housing costs, but the reality is that NYC can offer major savings in transportation costs.
In NYC metro, the average household spends 50% of their income on housing + transportation (36% housing, 15% transpo). In Charlotte metro, the average household spends 51% of their income on H+T (27% housing, 25% transportation).
People always focus so much on housing costs, but the reality is that NYC can offer major savings in transportation costs.
In NYC metro, the average household spends 50% of their income on housing + transportation (36% housing, 15% transpo). In Charlotte metro, the average household spends 51% of their income on H+T (27% housing, 25% transportation).
Presumably one has a car in Charlotte and not one in NY?
Presumably one has a car in Charlotte and not one in NY?
Exactly. And while it isn't too bad to depend on the buses and trains in the City, Metro North, New Jersey Transit and the LIRR can be serious costs to deal with. Depending on where you live some of the fares are almost equal to car ownership...
I have friends in NY, and they're telling me hardly anyone feels safe on the subways right now unfortunately.
People continue to flee cold, high tax, liberal strong holds in favor of the opposite so long as the jobs are there too
Seattle, DC, Boston, Denver, Minneapolis, Portland, etc. all seem to be doing quite well in terms of growth. SF, LA, Sacramento, and San Diego have all had growth at 8%+ in the past decade.
Also, let's not pretend that people are fleeing "liberal strongholds" to live in conservative places. Austin, Raleigh, Miami, Atlanta, etc. are pretty dang liberal.
Exactly. And while it isn't too bad to depend on the buses and trains in the City, Metro North, New Jersey Transit and the LIRR can be serious costs to deal with. Depending on where you live some of the fares are almost equal to car ownership...
I have friends in NY, and they're telling me hardly anyone feels safe on the subways right now unfortunately.
Yes LIRR is expensive but many ppl in Manhattan especially just walk everywhere & dont even bother with trains or cabs or buses. That expense would be $0
Thats what that previous poster is getting at & especially you save in NYC too if you walk as opposed to cabs or the subway. A lot of people do.
Certainly NYC is enticing to some. But it’s unfair to say Charlotte and NY are similarly priced. It’s not apples to apples. You are getting less in NY (house, car).
Certainly NYC is enticing to some. But it’s unfair to say Charlotte and NY are similarly priced. It’s not apples to apples. You are getting less in NY (house, car).
It depends how you define ‘less’.
I dont enjoy driving. I dont like that a lot of things in NC revolve around the church. I don’t like the weather in NC. Physical things like houses & cars don’t define the quality of life. Some ppl don’t want a car & see it as a hassle - so in that case their life is better without it.
I never said Charlotte & NYC are similar priced? & it’s asinine to think it so but different things appeal to different people. It doesn’t equate to less. There are ppl like myself who would rather live like a pauper in NYC than like a queen in Charlotte
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