For the first time in recent history – and probably the first time ever – the net migration out of California has not been offset by the international inflow.
The number of people leaving the state is 3x what it was just 4+ years ago!
But the state population is still growing….naturally. Over the last eight years, there have been almost 2 million more births than deaths!
With baby boomers living longer, the birth/death balance should level out eventually, but all those young people need to live somewhere – and only the affluent will be able to purchase a home. (click to enlarge)