Your point here? How does this invalidate the point that the region continues to grow in both population and economic might?!? Ok, some millionaires leave. And...?
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do better.
mc
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Okay. You are correct.
The population explosion has really added to the California Lifestyle and the SoCal quality of life. The typical immigrant brings to Los Angeles County an excellent skill set and vast array of talents. As does his wife and children.
The Los Angeles/Orange County middle class is rapidly expanding, as evidenced by the 64% of los angeles dwellings occupied by renters and 62% of Long Beach dwellings occupied by renters. But there is plenty of "help" available to the middle class, as those in Orange County with a household income of $84,450 (family of 4) are now recognized as "low income" and are eligible for "aid."
All of this is excellent news to the typical Orange County Middle Class family because today, Zillow declares the housing market "cold" and a "buyers market" because of the Median Orange County Home Price of $721,500.
This represents a tremendous value for the three couples (cousins/uncles/aunts) who join forces to buy that house, dividing the mortgage three ways, and sharing the 1,400 square foot home between three nuclear families.
The neighbors who live on that street are of course overjoyed, because with nearly no transit system in The OC, that single family house will be home to AT LEAST six (6) vehicles parked in front of that house and of course up and down the street. If the street is fortunate enough to have several of these densely occupied homes, well, even better for the neighbors.
In closing, let me concede that SoCal circa 2019 is superior in every way to SoCal circa 1989. And it just keeps getting better.
DL