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[COMMUNITY] Increased Asian Population in California

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  • madchinaman
    More residents left California than arrived in 2005, agency says From Associated Press http://www.latimes.com/news/la-121106exodus,1,5109148.story - Asians
    Message 1 of 1 , Dec 18, 2006
      More residents left California than arrived in 2005, agency says
      From Associated Press
      http://www.latimes.com/news/la-121106exodus,1,5109148.story


      -


      Asians were the only ethnic group to have more people move into
      California than leave, according to Johnson.

      The state gained nearly 33,000 Asians from elsewhere in the United
      States from 2000 to 2005 while losing 441,000 whites and 67,000
      African-Americans.

      In the past five years, the overall state population grew by 2.9
      million people, including 1.2 million foreign immigrants, according
      to the California Department of Finance.

      -


      SAN FRANCISCO -- For the first time in a decade, the number of
      residents who left California for another state in 2005 exceeded
      newcomers who moved here, according to the newest figures from the
      state Department of Finance.

      California recorded a domestic net loss of about 29,000 people last
      year -- the first negative flow of residents since the mid-1990s. The
      biggest recent loss was in 1994, when the sputtering state economy
      helped California lose about 350,000 residents to the other 49 states.

      The most common destinations for the newest crop of departing
      Californians were Arizona, Nevada, Texas, Washington and Oregon.

      Anecdotal evidence suggests the high cost of housing was the primary
      reason people fled the nation's most populous state, which has more
      than 37 million residents.

      The number of Californians who could comfortably pay the mortgage on
      an entry-level home fell to 24 percent in the third quarter -- down
      from 44 percent in 2003, according to the California Association of
      Realtors. The statewide median home price in the third quarter was
      $563,190.

      Stephen Gallant moved to Michigan this summer after nearly three
      years in the posh Silicon Valley suburb of Los Gatos, trading a $2
      million house for one in a Detroit suburb that was about half the
      cost and double the size.

      "It was all about lifestyle," said Gallant, former chief financial
      officer for Global Motorsport Group Inc.

      "If I'm going to spend $1 million on a house as opposed to $2
      million, that opens up a lot of purchasing power, the ability to go
      out and do other things," he said.

      In previous decades, waves of departing Californians were primarily
      white. But the newest exodus includes unprecedented numbers of
      Hispanics, primarily Mexican-Americans.

      The analysis by Hans Johnson, a demographer with the Public Policy
      Institute of California, found that about 320,000 more Hispanics left
      California than arrived from other states between 2000 and 2005.

      Asians were the only ethnic group to have more people move into
      California than leave, according to Johnson.

      The state gained nearly 33,000 Asians from elsewhere in the United
      States from 2000 to 2005 while losing 441,000 whites and 67,000
      African-Americans.

      In the past five years, the overall state population grew by 2.9
      million people, including 1.2 million foreign immigrants, according
      to the California Department of Finance.
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