The Daily Money: Escaping 'the asylum': Meet 3 Californians who moved to Texas

In 2021, leaving California for Texas was the most popular interstate move in the country, with 111,000 people – or 300 people a day – moving out.

Advertisement Read in browser Read in browser The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW Wed Aug 2 2023 Swapna Venugopal Ramaswamy |  National Housing and Economy Correspondent @SwapnaVenugopal Happy Hump Day, The Daily Money Readers! This is Swapna Venugopal Ramaswamy bringing you today's top headlines. In 2021, leaving California for Texas was the most popular interstate move in the country, with 111,000 people – or 300 people a day – making the change. The exodus that year represented an 80% increase from 2012. The median value of a home in California was 2.7 times higher than in Texas in 2021, making the move to Texas attractive for first-time homebuyers. For existing homeowners, the move would offer them a chance to bank a tidy sum of money from the sale of their home. While housing affordability and taxes are surely playing a role, broader political differences about the role of government in society could also be a factor in some migration decisions, say researchers at Public Policy Institute of California. Bill and Lucy Ross moved to Boerne, TX Submitted Bill Ross, 65, who made the same move says he was paying high taxes for things that he didn't believe in. "The priorities are just all misplaced," he said. "I mean, we really felt like we were living in an asylum, and when we left, we felt like we escaped from the asylum." 📰 More stories you shouldn't miss 📰 Fitch downgrades U.S. credit rating. How could it impact the economy and you? How much money do you need to retire? Most Americans calculate $1.8 million, survey says. Did anyone win Mega Millions last night? See Aug. 1 winning numbers for $1.25B jackpot. Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. The Daily Money:Taco Bell sued for 'half of the beef filling expected' The California-based company is only the latest fast-food company to sued for smaller-than-expected portions. READ MORE Advertisement Elon Musk, X threaten lawsuit against anti-hate speech group, critics Elon Musk has threatened to sue the Center for Countering Digital Hate, according to documents. X Corp alleged that the research group damaged interests. READ MORE Overstock is now Bed, Bath & Beyond. What it means for shoppers. E-commerce company Overstock launched the new Bed, Bath & Beyond in the U.S. on Tuesday with the unveiling of its new website and app. READ MORE How to ask the cashier for a Mega Millions ticket New to the Mega Millions lottery? You might not know what to say to buy a ticket or how to play. Or how much tickets cost. We're here to help. READ MORE Chevy Blazer EV: General Motors reveals price and range GM is shipping its next Ultium-based EV, the Blazer EV with a starting price topping estimates. And GM pushes back launch of the sports version. READ MORE Report: Steve Jobs' son starting firm to focus on new cancer treatments DealBook, a financial news service reporting on business including venture capital produced by The New York Times, first reported the news Tuesday. READ MORE CVS layoffs: Healthcare giant cuts about 5,000 'non-customer facing' jobs CVS Health is shedding about 5,000 jobs in an effort to reduce costs. Here's what you need to know about the layoffs. READ MORE One more thing to worry about during your cruise: Noise. Here's why. Large commercial ships are the dominant human-generated contributors to low-frequency noise across ocean basins, which wildlife rely on for survival. READ MORE 8 best hotels on the beach in California California's Pacific Coast is lined with beautiful beaches, wild coastline, and picture-perfect beach hotels. READ MORE Royal Caribbean guest goes overboard A passenger sailing on Royal Caribbean International's Spectrum of the Seas cruise ship went overboard Monday. READ MORE Advertisement Sign up for the news you want Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. SEE ALL NEWSLETTERS ➔ SEE ALL NEWSLETTERS ➔ Newsletters   |    eNewspaper   |   Crosswords Follow Us Problem viewing email? View in browser Unsubscribe  •   Manage Newsletters  •  Terms of Service  •   Privacy Policy/Your California Privacy Rights  •  Privacy Notice  •   Do Not Sell My Info/Cookie Policy  •  Feedback