Currently residing in Texas for 2.5 years now, moved from California. Yes, I anecdotally meet "a lot" of fellow NY/CA residents moving here. I also anecdotally have noticed that Whole Foods sells lots of local texan brewery beers. Are Texan local breweries on the rise in popularity or is it just that my proximity to the situation is making me thinking thats the case? (Note - I'm middle aged and work in tech, like lots of the people moving to Austin from CA/NY)
The media's obsession with California, is IMHO, hilarious. I lived there for 3.5 years. The quality of life is incredible, but that is offset by the absurd cost (and thus the economics of your work situation). This experience has, IMO, been in decline. But this is exactly how market dynamics work in a union of states. The more people leave California the cheaper (and thus sustainable) it becomes.
This is an overall good thing for Americans, regardless of where you live. Market liquidity means higher optionality.