And a growing number of former Californians are migrating completely out of the country and instead heading south across the border. Many are looking for a more relaxed and economical lifestyle in Mexico.
California is consistently ranked as one of the most expensive states in the country to live in. The average asking price for a home in California is about $ 797,470 – only 25% of state households could afford it in the fourth quarter of 2021.
California’s population growth has been declining for more than 30 years now. But thanks to the increase in distance work due to the Covid-19 pandemic, these trends have accelerated. 62% of Americans have the ability to work anywhere thinking of moving to a new country.
However, there are some obstacles. Many critics argue that Americans are increasing the cost of housing for locals and pricing them off-market.
Watch the video to learn more about the impact of this migration trend.
