[Farm93]

I doubt if H-1Bs are a major factor in these calculations; there are only about 200,000 or so in all the United States. The majority of immigrants in California are undoubtedly low-income illegals who don't contribute much in terms of income, at least in the short term.

It is not as if every immigrant, even every wealthy immigrant, comes in via that H-1B route.  There are plenty of family sponsored immigrants that bring the family wealth with them once they get a few family members into the USA to sponsor the rest.  In any event a few is all you need really to swing the money equations.  Just need the right few 1%ers, or their cash, to really offset the less successful natives leaving the state. 

In any event to display wealth movements without accounting for any foreign wealth movement is rather silly.  At least for a place like the SF Bay Area where plenty of SF Bay Area homes are purchased in cash by Asian immigrant families.

[Farm93]

I doubt if H-1Bs are a major factor in these calculations; there are only about 200,000 or so in all the United States. The majority of immigrants in California are undoubtedly low-income illegals who don't contribute much in terms of income, at least in the short term.

It is not as if every immigrant, even every wealthy immigrant, comes in via that H-1B route.  There are plenty of family sponsored immigrants that bring the family wealth with them once they get a few family members into the USA to sponsor the rest.  In any event a few is all you need really to swing the money equations.  Just need the right few 1%ers, or their cash, to really offset the less successful natives leaving the state. 

In any event to display wealth movements without accounting for any foreign wealth movement is rather silly.  At least for a place like the SF Bay Area where plenty of SF Bay Area homes are purchased in cash by Asian immigrant families.