U-haul truck

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An easy way to determine who’s moving where is to look up moving-truck rates to and from cities. And the moving-truck rates from California cities — well, they’re high. Certainly higher than rates from other cities to California.

The trend was first pointed out by Mark J. Perry, a professor of finance and business economics at the University of Michigan-Flint, who tweeted: “Leaving California is getting expensive due to high demand and a shortage of available trucks. Moving to California is getting really cheap due to low demand and a surplus of available trucks.”

Leaving California is getting expensive due to high demand and a shortage of available trucks. Moving to California is getting really cheap due to low demand and a surplus of available trucks. pic.twitter.com/ENn7tzFtm1

— Mark J. Perry (@Mark_J_Perry) September 14, 2020

Not long after, Jalopnik reported similarly, where an apparent increase in demand is causing moving-truck rates out of California to spike. Perry said higher outbound prices from California are a long-term trend that’s “not necessarily related” to the COVID-19 pandemic or wildfires, but Business Insider took a look at rental-truck rates for ourselves. Here’s what we found.

With a September 30 departure date, U-Haul moving truck rates from Austin, Texas, to Los Angeles, California, ranged from $711 for a 10-foot truck to $935 for a 26-foot truck.

Rates on the reverse route, Los Angeles to Austin, over the same period of time ranged from $1,883 for the same 10-foot truck to $3,964 for the 26-foot truck. These prices amounted to between a two- and fourfold difference from the other way around.

Over at Budget Truck Rental, it was the same story.

Also on a September 30 departure date, rates from Austin to San Francisco, California, ranged from $459 for a 12-foot truck to …read more

Source:: Business Insider

      

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