The Real Reason People Leave California For Texas

Rick Perry has been touring the country, urging companies to move to Texas for low taxes and business-friendly regulation.

Perry's right that Texas has been growing like crazy, adding jobs and population even at a time when the national economy has been weak.

But he's not exactly right about why.

I sat down with Jed Kolko, Chief Economist at Trulia, to discuss the biggest reason people move from California to Texas: cheap housing.

Watch below.

Produced by Justin Gmoser