re: Homebuilders cancelling contracts to sell for more on market

I think a lot of it is that there's been a fundamental shift in where people can live and want to live. They are mobile/remote now, and they're looking to flee crime, taxes, and policies in cities and states that used to have them tethered due to their job.

Just like the white flight of the 70s and then the turnaround to have people moving back into city centers in the 2000s, now it's going the other direction again.

Also, the people who are the most mobile are the high income earners, so these liberal strongholds are gonna have a hell of a time when a huge portion of their taxbase packs up and heads out. They'll get their socialist utopia with their dependent populace and no one to fund it. It's been happening in Illinois for years.