Hacker News Reader

Regardless of the numbers referenced in the article, the bottom line is people are continuously leaving CA and NY for other states. Florida's real estate is by no means less expensive than CA or NY. It seems rather obvious the continued outflow from CA and NY is CA's and NY's suffocating regulatory and tax environment.

View on HN

Florida's real estate is definitely cheaper than CA or NY. Median price is 1/2 of CA and 3/4 of NY. Plus much lower taxes.

What you are failing to factor is the the ancillary costs associated with owning real estate in Florida, namely the cost of insurance. Also, Miami and Tampa are seeing the latest influx of new residents where the average price of real estate dwarfs other markets in Florida but is on par with NY and CA.

If you're in either the Bay Area or the LA Basin, you'd better have earthquake insurance...

Multiple annual hurricanes with increasing intensity that are harder to get insured against due to said factors or few hundred dollar a year insurance for a “big one” earthquake coming soon™? Easy choice in my book.

Reply on news.ycombinator.com