A $100B Wealth Migration Tilts US Economy’s Center of Gravity South (opens in new tab)

(bloomberg.com)

3 points609venezia2y ago2 comments

2 comments

Not sure wealth is moving out or rather people who cannot afford to live there are moving. People who are wealthy and afford to stay will stay in the coastal cities where most of the outbound migration is happening.

609veneziaOP2y ago

The article largely discusses the band from Charleston to Jax. That's coastal. There is a lot of wealth flooding to Charleston and areas like Beaufort. I have seen it first-hand, although I live on the west coast.

There are other factors at play besides just affordability.

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2 comments

agp25722y ago

609veneziaOP2y ago

There are other factors at play besides just affordability.

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