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Re:340k people moved out of CA in 2022, most of any state by disgruntledphd2 on Sunday December 25, 2022 @05:26AM (#34125931)
I think that property prices in Ireland, the UK and the Netherlands provide a neat counter example to your point.
Re:340k people moved out of CA in 2022, most of any state by fortuna86 on Sunday December 25, 2022 @01:03PM (#34129482)
Housing prices everywhere have gone up, just not at the same rates. You can still find reasonable housing outside London, Dublin, etc.
Re:340k people moved out of CA in 2022, most of any state by disgruntledphd2 on Monday December 26, 2022 @05:52AM (#34136566)
Outside London yes. Outside Dublin not so much, unless you want to live on the other side of the country.
Re:340k people moved out of CA in 2022, most of any state by vineyardmike on Sunday December 25, 2022 @02:46PM (#34130510)
Obviously not a fair example.

Housing isn’t really a “market” that can be efficient at pricing in all information because it’s different for everyone (relatives, taxes, jobs, immigration, race, etc).

The places you listed have milder weather, and far less sunshine than most of the US but they also have hundreds of years of extra history and development. Moving from the US to there has far higher friction cost than moving between states.

Re:340k people moved out of CA in 2022, most of any state by TheCoelacanth on Sunday December 25, 2022 @05:34PM (#34132207)
All three of those have much milder winters than the US Midwest does.