Home trends in California

The population is headed downwards. Seems people can not tolerate the high taxes. Most homes are at an all time high. Many believe the bubble will burst. However as soon a a home is listed for sale, there are multicable offers, often tens of thousands of dollars over asking price. Why then is the trend that California is becoming a residents for the 1% club? Interesting known fact. George Soros, Jeff Bezo, Bill Gates, could divide their wealth by each and every human on earth. Giving each breathing being 2 million dollars a piece. When the average person in the United States doesn’t even have a savings of $1000.00. Curious isn’t it?