What are the details?
Of all the major U.S. cities, the home to Democratic House Speaker Nancy Pelosi (Calif.) topped the charts for losing the most residents in 2019 and 2020, according to a study conducted by the CBRE Group, a Dallas-based commercial realty firm.
The study found that in 2020, a whopping 18 residents per 1,000 left the city, doubling 2019's rate of 9 residents per 1,000. The mass exodus from San Francisco was clearly part of a trend over the last couple years as several other liberal metropolitan areas such as New York City, Boston, and Seattle followed behind.
Business Insider noted that while the bulk of residents exiting San Francisco ended up in other areas of California, like Sacramento, a sizable portion of them ended up across the country in redder states like Florida and Texas.
"The number of people who moved from San Francisco to Texas increased by 32.1% between 2019 to 2020, and the share of those who moved to Florida rose by a whopping 46.2%," the news outlet reported.
CBRE Group, which made its analysis off of USPS records obtained through a Freedom of Information Act request, claimed that the COVID-19 pandemic greatly accelerated migration trends in coastal and Sun Belt markets.
"The pandemic came just as the bulk of the large and increasingly affluent millennial cohort had reached prime family formation age," the report stated. "Consequently, millennials had been trending toward more suburban residencies even before COVID-19 came on the scene."
Anything else?
The news follows speculation that California will lose a seat in the House due to population changes when a congressional reapportionment is conducted in 2022. It's not the only deep blue state poised to lose political power. New York's cratering population may cost the state two seats when it's all said and done.
Exiting tax-heavy liberal states has become somewhat of a trend over the last couple years, headlined by well-known businessmen Elon Musk and Joe Rogan. Both Musk and Rogan opted to ditch California for Texas in 2020.
Rogan, host of the massively popular podcast "The Joe Rogan Experience," cited overcrowding, traffic, and homelessness among the reasons for moving. He added that he also wanted "a little bit more freedom."
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