ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Swapna Venugopal Ramaswamy | National Housing and Economy Correspondent @SwapnaVenugopal | | | | |
Happy Hump Day, The Daily Money Readers! This is Swapna Venugopal Ramaswamy bringing you today's top headlines. |
In 2021, leaving California for Texas was the most popular interstate move in the country, with 111,000 people – or 300 people a day – making the change. The exodus that year represented an 80% increase from 2012. |
The median value of a home in California was 2.7 times higher than in Texas in 2021, making the move to Texas attractive for first-time homebuyers. For existing homeowners, the move would offer them a chance to bank a tidy sum of money from the sale of their home. |
While housing affordability and taxes are surely playing a role, broader political differences about the role of government in society could also be a factor in some migration decisions, say researchers at Public Policy Institute of California. | Bill and Lucy Ross moved to Boerne, TX Submitted |
Bill Ross, 65, who made the same move says he was paying high taxes for things that he didn't believe in. |
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