From Eric Wolff at the nctimes.com:
For the first time in 11 years, the four major moving companies that release data agree: More families are moving to California than are leaving it.
For a decade, high housing prices made it hard for people to stay in the state, even if they wanted to. But falling house prices and increased hiring are enticing former Californians to come home, moving company officials said.
“I think the people realize that when we move back to California, we’re never going to have interest rates or (house) prices this low,” said Linda Oakley, owner of Atlas Moving and Storage Co. in Poway, affiliated with Allied Van lines. “We want to live in California, where it’s warm and sunny and happy.”
No, it’s horrible here, stay away! 😉
Get ready to pay the Sun Tax.
I thought the 11 years was an interesting datapoint.
People cashed out (with varying results!) and left town since 2000 – I’d love to know how many are now coming back. I have helped a few.
My brother cashed out in ’05 and moved to Nashville thinking he would be forever priced out of returning and buying a home. Now they are seriously considering returning, in which case they know who to see for property!