> Yes, people who bought a house while ago in California, sell, and move to Texas would have a lot of money. But again, is this typical?

This was the business owner at my first job out of college. He sold his California home and used that money to bootstrap his business for two years and hire employees while also supporting himself and his family.

The answer though is middle class people according to IRS data - https://www.cnbc.com/2018/03/19/californians-fed-up-with-hou...