August 21, 2005

The California Exodus - UHaul-Style

Some high income earners are leaving California because of its punitive tax rates. Could low- and middle-income workers be leaving as well? One crude measure is to examine the one-way rental rates for U-Haul vans. Using U-Haul's website, I queried a one-way rental for a 10-foot van for October 1st, 2005.

One-Way Trip  Price 
Los Angeles to Las Vegas  $454.00 
Las Vegas to Los Angeles  $119.00 
According to U-Haul, demand to leave Los Angeles and to move to Las Vegas is greater than it is in reverse (more than 3.5x as much). Not conclusive of anything, but telling.

Posted at Andrew Roth at 8:30 AM | TrackBack

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