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California's Economy Is COLLAPSING — Are You Next?

California's economy is quietly collapsing in 2025, and most people don't realize how bad it's gotten. The state lost 239,575 residents in a single year—the largest exodus in modern history. Home sales crashed 37% from their pandemic peak. Major corporations like Oracle relocated headquarters to Texas. High-income earners flee to states with no income tax, draining California's tax base by billions annually.
The economic math is brutal. The median California home costs $904,210—more than double the U.S. median of $430,000. Households must spend 62% of gross income just on mortgage and tax payments. In Santa Clara County, you qualify as "low income" earning $111,700 per year. In San Francisco, the threshold is $109,700. Even six-figure earners are cost-burdened and leaving.
The January 2025 Los Angeles wildfires triggered between $20 billion and $40 billion in insurance losses, potentially the costliest disaster in state history. The insurance market collapsed. State Farm cancelled over 30,000 policies statewide. Between 2020 and 2022, insurers refused to renew 2.8 million homeowner policies across California. The FAIR Plan, California's insurer of last resort, now holds 451,000 policies with $458 billion in exposure but only $200 million in reserves—one major disaster away from insolvency.

DISCLAIMER: This video is for educational purposes only and is not financial, investment, real estate, or legal advice. All data is from publicly available sources including CalMatters, Newsweek, SF Gate, Flavor365, and firsttuesday Journal, current as of production date. Economic and market conditions change rapidly and vary by region. Consult licensed financial advisors, real estate professionals, tax experts, and legal counsel before making any major financial or relocation decisions. Creators are not responsible for financial outcomes from viewing this content.

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