The Coming Migration

Although no one is talking about it I think it is likely that Southern California and Florida will suffer both an extended economic downturn and a population loss. This is a natural outcome of the housing industry going on hold for a couple of years as they try to sell a large inventory of houses to a smaller group of qualified buyers. The market is saying it will support a smaller group of construction workers, real estate brokers, etc. For some people it will be the time to move on. I was in Houston during the Savings and Loan meltdown in the 1980’s and despite a great effort by the local administrators people had to move elsewhere to get a steady job.