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A comment on Home Price to Income Ratio. Parent comment

Re:Home Price to Income Ratio by jeffbee on Monday September 20, 2021 @04:35PM (#28598650)
OK but this is not actually happening. Young, well-educated people with high incomes are the only types of people who continue to flow into California. They are driving out poorer and generally less-well-educated people, because of course that is how it will work in a competitive housing price market.

See this report for details: https://lao.ca.gov/LAOEconTax/Article/Detail/675

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Re:Home Price to Income Ratio by onlyrealcuzzo on Tuesday September 21, 2021 @04:14AM (#28603003)
The source just shows a net outmigration of taxpayers from California.

It doesn't say that rich young people are replacing old.

It just says that wealthy & older people are leaving in big enough numbers that there's a sizeable ourmigration.

It's important to note that natural born residents have been fleeing California for a long time, and a substantial portion of the young, high paid workers are on H1B - so non-permanent.

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Re:Home Price to Income Ratio by jeffbee on Tuesday September 21, 2021 @11:47AM (#28606233)
Doesn't sound like you scrolled down. The heat maps clearly show net in-migration of younger high-earners.
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