Although housing is typically TR, I don't know how this data can be discussed in a TR fashion. Sooo..
Why do you suppose the housing market is suffering in the "Ocne High Flying" west? Is it because their net population growth is negative and loosing steam daily? Why would that be? Could it be because the high taxation and business punitive policy driven by anti-capitalist socialists?
Wasn't it just a few years ago that leftist were touting California as PROOF that leftist nonsense works?
Tune in next decade when the flight from California and Washington has left little other than homeless and what few illegal immigrants remain. AT that point, you'll see the left coast begin to embrace conservative policy as the tank and file begins to doubt the leftist mantra that "Punishing the evil rich through taxation and regulation" may not be a working idea.
"Hard times make strong men.
Strong men make good times.
Good times make weak men.
Weak men make hard times."
https://us.econoday.com/byshoweventfull.asp?fid=500815&cust=us&year=2019&lid=0&prev=/byweek.asp#top
"Nevertheless, the trouble in the once high flying West is notable, not only in this report but other housing reports as well."
"Hard times make strong men.
Strong men make good times.
Good times make weak men.
Weak men make hard times."
That's pretty funny Tim...............because its true to a great extent.
My Dad grew up in the inner city of Detroit and never even met his Dad. He was on welfare at times. He had a wonderful Mom.
After I grew up and was thinking more about him, I started trying to remember one time that he complained. I thought long and hard and realized that the man never complained about one thing, not even one time while he was raising us 6 kids. He got on us and held us accountable for standards that he set for us but he never once complained about anything related to him.
I saw him lay into alot of other adults, being assertive(today, he thinks that he was a bully doing this but we learned to be assertive) to get what he wanted.............but he never complained or ever felt sorry for himself.
I believe that after he got out of the army and graduated from college, the world had already dealt him the worst it could throw at him growing up and he thought that was just normal because everybody around him was in the same boat then ......which developed profound coping skills as part of who he was.
Kudos to your dad. I suspect he and I would see eye to eye on many subjects.
To use a 40's style vernacular... Feeling sorry for yourself is a one way ticket to loserville.
There was a time in my life that I thought everyone was screwing me over and life was totally unfair. And I was right. Life sucked for me then...
It took a few ass kickings in basic training and a few encounters with people who proved that you can take control of your life and make the best of it.
While life continues to be unfair, and always will, I believe that you have to look for opportunities and make the most of them. That attitude has served me well for these last 40 years or so.
Its been crazy frickin' hot in California the last ten years or more. Record temperatures with multiple weeks above 100 degrees with no relief or break from the heat.
I loved living in California but I don't envy those braving the heat waves and poor air quality from record acreage of forests burning. It was much more common to have tolerable temperatures in the 1970s and 1980s.
Not everything is political. If California breaks off and falls into the Pacific that wouldn't be a political reason for a population decline either.
You and/or your company can be completely apolitical and still want to relocate to an area with less taxes and regulations.
California has in fact had warmer temperatures over the last 100+ years:
https://earthobservatory.nasa.gov/images/7596/california-temperatures-on-the-rise
The recent severe drought in California, that lasted for several years was the worst in over 100 years. It was bad.............but 100 years on a climatic scale is like 1 second is to a 24 hour day. Extremes like this have been happening in several places at the same time on the planet simultaneously for the last million years.
Historically, this last drought was a picnic compared to recent droughts there.
Maybe you can take heart in the fact that busted global climate models, that have been wrong, are forecasting MORE rain for California during the next century(though it would make sense with more El Ninos)
https://phys.org/news/2017-07-california-wetter-century.html
Read more at: https://phys.org/news/2017-07-california-wetter-century.html#jCp
As far as warmer temperatures and increasing CO2, unfortunately that is causing plants to grow much faster which is resulting in a massive increase in fuel for wildfires.
The best option is to let the increasing CO2 continue to feed an additional 1 billion people on this planet and benefit ALL of life on this planet and adapt in the forests by managing the floors much better.
One way to look at that would be, to look at what it would be like without the extra CO2 from the last 100 years. Wildfires would be less intense................but over 1 billion of the nearly 8 billion people on our planet would starve within 3 years and food prices, in my estimate would triple in order to ration the shortages.
Unfortunately for California and you, some of the worst weather on the planet has been occurring out there in the last decade.............that is compared to the last 130 years of weather.
The planet as a whole, over the last 40 years has easily experienced the best weather and climate since the Medieval Warm Period, 1,000 years ago, that was at least this warm.
Even in the best climate in a Millenium, on this huge planet, there will always be extreme and bad weather in some places. Sorry that your state got picked on.
Might be the fact that California has the most expensive housing market in the country, or that the trump tax cuts did the most damage to house buyers in Cali.
but I digress -
theirs an old saying about using figures but I better not mention it for fear ;(
last 2 years of those ten ,EIGHT are strong republican states go figure
maybe to people, education,infrastructure, and quality of life matter.
Hi MetMike,
Thanks for the great information.
(One quick caveat- re: food shortages. We waste so much food it’s kinda staggering. There are changes in motion from the RRR and DIY crowds which will clearly have a positive impact on food and its costs in the years to come.)
Lar