Please ensure Javascript is enabled for purposes of website accessibility
California Exodus Makes Moving Trucks Hard to Find. Scammers See Opportunity.
News
By News
Published 5 years ago on
November 15, 2020

Share

[aggregation-styles]

Record numbers of residents have been leaving California in recent years, but in 2020 the growth of remote work, the lure of cheaper housing and a summer of unprecedented wildfires has accelerated the trend. As a result, the moving business is booming, but the surge has come with its own set of problems.

Moving trucks are hard to find, prices to get out of places like the San Francisco Bay are being pushed sky-high, and the supply side of the market – with high starting costs and because movers are required to obtain state licenses – has been slow to respond.

The shortage has created openings for an underground moving economy complete with scammers who take advantage of desperate California escapees, left without easy options.

“Two households are moving out of California for every one moving in,” says Mark Perry, a professor of economics and finance at the University of Michigan who has been studying the US migration market over the past few years.

The high demand and high prices have created perfect market conditions for exploitation. Scammers are cashing in.

Read More →

RELATED TOPICS:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

UP NEXT

Rise of the Anti-“Woke” Democrat

National Guard Troops Have Temporarily Detained Civilians in LA Protests, Commander Says

40 minutes ago

This Israeli Government Is a Danger to Jews Everywhere

1 hour ago

GM to Invest $4 Billion to Shift Some Production From Mexico to the US

DETROIT – Shares of General Motors rose before the opening bell after announcing plans to invest $4 billion to shift some production f...

6 minutes ago

6 minutes ago

GM to Invest $4 Billion to Shift Some Production From Mexico to the US

11 minutes ago

How Your Air Conditioner Can Help the Power Grid, Rather Than Overloading It

35 minutes ago

Hundreds of Laid-off CDC Employees Are Being Reinstated

40 minutes ago

National Guard Troops Have Temporarily Detained Civilians in LA Protests, Commander Says

1 hour ago

This Israeli Government Is a Danger to Jews Everywhere

2 hours ago

Bass and Other California Mayors Call for End to Immigration Raids

2 hours ago

Justice Department to Take Narrow Approach to Prosecuting Corporate Bribery Abroad

2 hours ago

Free Food, Haircuts, and Rapid HIV Testing Friday in Fresno

Help continue the work that gets you the news that matters most.

Search

Send this to a friend