Saturday, June 18, 2022

California on the Precipice

Lake Tahoe is shrinking (Chron photo)
We take a break from looking at our incredibly shrinking stock portfolio to worrying about the apocalyptic summer in store for Californians: [bold added]
This year’s extraordinarily dry, warm weather, which is expected to continue in the coming months, is stoking fears of a multitude of problems: increasing water restrictions, extreme heat, blackouts, wildfire and smoke — potentially all of the above in one vicious swoop...

Already in California, climate volatility, as palpable as it’s been, has joined the list of reasons people cite for wanting to move away, after soaring home prices, high taxes and traffic. The state’s population, which had grown for decades, dropped in each of the past two years.

“We have people say they’re concerned about drought, they’re concerned about wildfire,” said Scott Fuller, founder of LeavingTheBayArea.com, a 7-year-old real estate company that helps people relocate. “We’ve had clients say this is literally the final straw.”
And we haven't even mentioned the danger that most concerned us during the last century: a major earthquake.

Should the latter happen, that really will be the last straw for millions of soon-to-be ex-Californians. Will the last one out the door please close the lights, if they're not out already?

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