The Hedonic Treadmill In Southern California

Been reading up on this theory. That no matter your environment, if it’s nice weather year round or not, humans will always maintain an even level of happiness. Therefore no matter how great the weather is, people moods aren’t improved by it. You just keep walking and walking on the treadmill but never get anywhere. I’ve always wondered why people here aren’t happier and maybe the hedonic treadmill explains it. Is California drastically overpriced then if it’s main draw is the weather?