Housing affordability helps explain why people move from California to Florida and Texas

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Housing affordability helps explain why people move from California to Florida and Texas
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California Gov. Gavin Newsom boldly — and a wee bit desperately — ran ads last summer encouraging Florida residents to relocate to California. Housing affordability is one reason it probably won't work.

finds that California’s housing costs are about 1.7 times greater than Florida’s and 2.2 times higher than Texas’s.of big businesses between 2018 to 2021, along with small, quickly growing companies.

Texas and Florida have figured out the secret to housing affordably through free-market policies that help entrepreneurs address challenges to build more homes in a safe, less costly manner., with Texas coming in second . Many people packed up and moved to states with “lower taxes, more affordable housing and a higher standard of living.” What’s more, Texas came in first in overall population growth , with Florida second .

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