Investors Are Leaving The Golden State & Big Apple In A Stampede . Here ’ s What ’ s Driving Them And Where They Are Going ...
We ’ re seeing a macro shift in migration , capital flows and investor relocation at incredible new levels . Keep reading to learn how wise investors are adapting to this incredible event .
The One Thing You Can Count On Is Change
As much as you might like it to sometimes , nothing ever stays the same forever . Change is the one thing we can bank on .
Image by Gerd Altmann from Pixabay
There are mini cycles and economic rotations which go around every 7 to 15 years . Then there are macro shifts . There are evolving eras , which we ’ ve seen go from hunter gatherer to agricultural societies , to the industrial era , and now the internet . We are currently experiencing one of those mega shifts which only comes around every 100 years or longer .
The dinosaurs couldn ’ t adapt to it . All that is left of the great Egyption civilization is crumbling pyramids . Ancient civilizations that once thrived in Machu Picchu and Tulum have left only ruins . Detroit has literally become an urban waste land since the end of the industrial era too . If you haven ’ t been lately , there are real ruins , weeds and vines taking over once vibrant neighborhoods , and a few urban farmers trying to stick it out among the remnants of a once economic powerhouse .
According to a new report from the Pacific Research Institute and many others , not only is San Francisco , but also Los Angeles , California is checking off all of the boxes on the way to becoming the next Detroit .
This includes increasing taxes , regulation , harassment of businesses , rising crime and riots , and distrust of leaders are some of these signals that lead up to these massive shifts , and the downfall of once great cities . Perhaps some of these things sound familiar to you ?
This Exodus Is Far More Significant Than You Think
This isn ’ t just a few low wage workers who are teachers or restaurant workers leaving high cost states for somewhere they can afford to live .
Almost 700,000 people moved out of California in 2019 , before COVID hit . A UCBerkeley study reports that half of registered voters in California have been considering moving out of state . 44 % of New Yorkers making $ 100k a year or more ( not even a living wage there ) say they plan to move out of their state .
We are talking about millions and tens of millions of people leaving these states . If you thought it was bad before they left , wait until the remaining few realize they have to pick up the tax bills to cover the void by the other half who left . If many are leaving for safety , then crime rates will also be expected to dramatically rise , with the per capita risk of you being a victim of a crime at least doubling .
It ’ s not just the amount of people leaving , either . It is who is leaving that is also making a huge difference . We are talking about the wealthiest and smartest individuals and their companies that employ millions of people . It is a massive wealth and brain drain .
We ’ re talking about people like Elon Musk and Peter Thiel . Even the New York Stock Exchange has said it will leave NY if newly proposed taxes are implemented .
Those who are left are at least sending their money out of state for safety and better returns .
" We are talking about millions and tens of millions of people leaving these states . If you thought it was bad before they left , wait until the remaining few realize they have to pick up the tax bills to cover the void by the other half who left ."
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