Why are people leaving LA in droves?
Why are people leaving LA in droves? California saw an exodus during the COVID-19 pandemic, as remote work and soaring home values had some residents moving to cheaper locales. Recent data show the so-called exodus — which hit coastal cities such as Los Angeles and San Francisco particularly hard — eased considerably in the last two years.
Why do so many rich people live in Los Angeles?
The state's openness to immigration, combined with its sheer size and concentration of innovative companies, institutions and investors in tech hubs like Silicon Valley and Los Angeles, goes a long way in explaining why so many fortunes have been built there.