KB Home is the latest billion dollar business to leave California
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Wall Street Apes
“Home building giant KB Home is the latest billion-dollar corporation to exit California. KB Home announcing plans to move its global headquarters from Los Angeles to Tempe, Arizona”
“The move is aimed at lowering operational costs with their CEO, highlighting the Phoenix Metro's business-friendly climate and lower cost of living. As pivotal factors, they join other corporations like public Storage, Realtor. com, and Yamaha, who are all left seeking relief from California's high taxes and regulatory hurdles”
According to a decade long study from UC, Berkeley, people who moved out of California saved an average of $671 every single month on housing, and were nearly 50% more likely to own a home within a few years
Roughly 20 billion dollar companies have fled California under Gavin Newsom
800+ companies have moved their headquarters out of California as well