Catching a Wave Out of Pricey California
By Stephanie Simon and Lianne Hart, Times Staff Writers
AUSTIN, Texas — Soaring property values in California have made many homeowners there rich — and many real estate agents here delighted. In an exodus that some demographers say could reshape the American landscape, young professional families are increasingly fleeing the exorbitant coast for Austin, Dallas or San Antonio, for Atlanta, Denver or Phoenix, for Charlotte, N.C. They're selling their cramped "starter homes" in California, some worth $500,000 or more, and buying luxury homes, for cash, in the nation's interior.


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Folks like this have been leaving California for fifteen or twenty years, and there is much more than home price differentials driving them out (although that is obviously a major incentive). There are other negatives, such as crime, high taxes, an anti-business political climate, massive illegal immigration that is swamping local government with social service burdens, failed public schol systems, and nightmarish traffic problems. On top of it all, the state's political leadership has been a complete disgrace for a long time, proving itself incapable of solving any major problem except self-perpetuation, which is why Der Governator was swept into office. I lived in California for almost thirty years before my wife and I left in 1990, and it is sad to see what has happened to it since. But California's loss is some other state's gain, so all these young professional types will presumably make Arizona, Nevada, Utah, or some other state a better place to live.