Things That 0% Interest Rates Caused
&gt; Miami<p>Personally, I&#x27;m giving Miami a try. And I disagree that its a Zero interest rate phenomena. Its a phenomena, of people leaving the most Beautiful state, California, for something that is not exactly a paradise because of California&#x27;s extremely poor government. California has gotten so bad that people are actually moving to Texas, can you imagine that?  Most of the people who are leaving are California&#x27;s middle&#x2F;lower middle class and the trend has nothing to do with tech or zero interest rates. And with respect to my &quot;poor governance&quot; comment, I&#x27;m not talking about GDP, or real estate - I owned a home in Berkeley (that was of course broken into). I&#x27;m talking about the absolutely depressing vibe caused by homelessness, the spike in anti-asian hate crimes, petty crimes, squalor, and Fentanyl deaths. Its impossible to solve, because California needs Republicans - and that&#x27;s not going to happen for cultural and demographic reasons (way way too many boomers - the 60s generation rules)<p>I made the decision to leave California because it became a different and depressing place after COVID. Have you been to a store lately? Everything is behind plastic. Need cleaning supplies or dog meds? Then find a Target agent to unlock the plastic case.<p>I won&#x27;t close the door completely to returning to California.  I love California, the state, the place and the idea. It was once the place you&#x27;d go to get away from Orthodoxy, once a free place, once a vibrant leader who could deliver great projects. But it has become a place of extreme orthodoxy, a high tax, low service, failed state. And its getting worse every year. Homelessness and squalor are spreading to the suburbs. And it does make me sad to leave the place, but like I said, it was just getting depressing. Walking over bodies is not something I can easily ignore (As Californians - we can&#x27;t talk about these things).<p>So far Miami is okay - there is no crime at least in comparison to SF, the East Bay and South Bay (I think California literally lies about its crime statistics), The weather is always 80, the beaches are better (the water is like bath water), there are no taxes, and the cost of living is much much better than SF.<p>Will Miami become a tech hub? I think it could happen if you study the number of companies leaving California, New York and other blue states. California will experience a negative feedback loop - as more companies leave the state the tax base will be reduced, reducing services, causing its problems to be exacerbated, which will lead more companies to leave the state. Of course, this is balanced by California&#x27;s main offer: Its perfect climate, mountains, and scenery. So we will see. I will admit, in the long term - it is too beautiful to be ruined by politicians, but in the short&#x2F;medium term there is a plethora of acute issues that need to be addressed.