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Because it’s beautiful. Where else can you ski and go to the beach on the same day? Or be in hours proximity to not just one, but three world-class national parks within a day-trip from some of the largest and most metropolitan cities in the world? Add on the fact it’s got one of the best climates in the world, no mosquitos, and no humidity… The funny thing, even if jobs left, a large amount of people who live here won’t. The land will just always be inherently desirable. A large contingent of people will always refuse to give that up. And if enough people leave at once such that real estate crashes, you’ll just see people move back here, because they can afford to again. So too with jobs— they go where the people are, not vice versa. Whereas say, Detroit collapsed due to the auto industry leaving and white flight to the suburbs— California is #1 in the tech industry (SF), #1 in entertainment (Los Angeles), #1 in biotech and pharmaceuticals (Orange County / San Diego), #1 in agriculture, #1 in shipping (Los Angeles), #1 in military (San Diego), #2 in energy… This state simply can’t collapse from just one pillar falling. And again, unlike Michigan, there is no coastline in the US that is as near as desirable as California’s to live on. I don’t live here because it’s affordable, or particularly well-run, but because I have family and friends here and I could not imagine living anywhere else. |