A new study on migration to and from California showed that between 2007 and 2016, a million more residents have left the Golden State than residents from other states have arrived.
States such as Nevada, Arizona, Oregon, and Texas have been attracting California residents with more affordable cost of living, and lower home prices, Curbed reports. Texas has become one of the fastest-growing state in the U.S., says Curbed's Patrick Sisson, including 867,000 new residents from California who moved in between 2010 and 2016.
The affordability crisis is so bad that without new units and cheaper options, Silicon Valley’s vaunted competitiveness and ability to hire the best talent will take a hit. “Companies are starting to understand that if they don’t help with these problems, they eventually won’t be able to hire anybody to work here anymore,” Allison Arieff, New York Times columnist and editorial director at the nonprofit San Francisco Bay Area Planning and Urban Research Association (SPUR).
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