ead this article : https://www.cnbc.com/2022/10/07/rich-young-profess… Questio

ead this article :
https://www.cnbc.com/2022/10/07/rich-young-profess…
Question 1:
Why is Texas and Florida the most popular states for relocation? How will these relocations affect the housing in California and New York?
According to the article, the young rich population is fleeing California and New York to live in other states such as Texas and Florida. Texas is the most popular state and Florida is the runner up. There is about15,000 inflow to the state of Texas. California and Texas are known to have very expensive living conditions and high taxes. If the rich are leaving these rich states, what does that have to say about California and New York? Do you think that the rich is fed up with paying so much taxes? Why is Texas and Florida the most popular states for relocation? What is in Texas and Florida that is not in California and New York? How will these relocations affect the housing in California and New York?
Question 2:
What effects does this have on California’s economy and what can California do to incentivize people to stay?
With so many young rich professionals and big companies like Tesla leaving California, what negative effects does this have on our economy?
With how difficult it can be to buy a house in California as well as giving people the option to work from home, it