South Orange County Blog from Bob Phillips

The Real Reason People Leave California For Texas

Posted in home affordability, Home Values, Household Finances, Real estate, Real Estate Trends by southorangecounty on June 25, 2013

From Jed Kolko, of Business Insider

Texas Governor Rick Perry has been touring the country, urging companies to move to Texas for low taxes and business-friendly regulation.

u-haul van

Perry’s right that Texas has been growing like crazy, adding jobs and population even at a time when the national economy has written.

But he’s not exactly right about why.

I sat down with Jed Kolko, Chief Economist at Trulia, to discuss the biggest reason people move from California to Texas: Cheap housing.

Click below for the video, from BusinessInsider.com:

http://www.businessinsider.com/jed-kolko-on-rick-perry-and-texas-housing-costs-2013-6#ixzz2XFB6XHBt

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