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Sacramento area people are leaving for Boise. Thursday night SW flight to Boise is packed every week. I had 12 groups from Sac at an Open House a few weeks ago. And they all tell me they will have no problem selling their home to someone from the Bay area.
Maybe that will finally halt the insane price escalation of the last 2 decades. Probably not though...Getzlaf15 said:
Haven’t they been saying this for over a decade or more now? Honestly I’m just fine with an exodus, seems like everywhere I go is just getting busier and busier. The town I live in has nearly doubled in size since 2000 (68k to 120k).
Plenty of stats to prove it. I think the speed will be escalated with more remote work from home due to covid and with taxes likely going up with Democrats running CA and DC. Why pay CA taxes and deal with CA overcrowding when you can live like a king in other surrounding western states with California income levels. It's just a matter of time IMHO.
https://www.theatlantic.com/ideas/archive/2020/01/the-truth-about-the-california-exodus/605833/
Sure, and I’m certainly not making it a political statement either. I run businesses here so I know just how difficult it is to both do business and earn a “good living” in Cali. I’m just saying I feel like I’ve heard that my whole adult life here, that people are leaving in droves. Yet year after year everywhere I go it gets busier and busier and new housing developments are popping up all over the place.
I read the first two and they both stated a net of 40k leaving. That's not that much really. A lot of people are leaving. And a lot still come in.
I think you are underestimating the shift we are currently having because of COVID. Sure, many jobs are not remote work possible but many are too. The technology has been there but the migration to it was a slow evolution. With COVID there was no choice and thus companies shifted. The cat is out of the bag.
What does that actually mean? The majority of the entire US makes less that $100k so I’d expect any statistic to show that set of people as a majority. For example, 36% of people leaving making over $100k is still a minority overall but that would 4 times the national average of people making $100k (9%). Influx is the same thing. It just means a lot. That’s it. Statements like those can be true but very misleading.
Climate change could kill everything south of Miami and impact all of coastal Florida.
Interesting, my circle is in the 400K- to 1m range....would be interesting to see the net migration for that level.
I"m in Miami and we just finished building so I'm here for a while. Luckily, we are on the limestone ridge, about 1/2 mile from the water. Our survey indicated we are 14 ft. above sea level so no imminent concern about sea level rise or flooding.
We ended up in Del Cerro/ San Carlos. Priced out of North Park and Point Loma. Market was competitive, and I didn’t want to pay 1 mil+ for 1500 sq ft or less. For the same price point, we got 2500 sq ft, good schools, a bigger yard, and a brand new renovation. We’ll see how suburban life treats us. Never thought it would be me. Might even buy a Subaru Outback to complete my makeover.
Nice! Great area. Checkout DZ Akins when your ready to eat out again (or maybe you are now). It’s been around forever and is one of the many great places to eat in SD, breakfast for sure.
wouldn't be surprised if we continue to see this...all of the analysts are observing this.
Thanks! Heard great things about both. Moving in at the end of July. Back from an overseas tour in Italy. From one lock down to another I’m afraid.
You can't beat living in Florida. It's amazing to live, if you're in the right area.
Wife said a job she wants at her company keeps being opened and filled in Florida and she said "we can't move there" my reply was "sure we could" knowing what she really meant. We both hate the humidity here in Chicago. I don't see how I could survive in Florida... any part.
They probably didn't touch on those things because none of them are likely to happen.
Sure.
Grew up in Chicago. Have been in Florida for 10 years. Well kind of, we live in Miami. Whenever I spend time in other parts of Florida, like we did last weekend, it's a constant reminder that there is Florida and there is Miami, Florida. Totally difference vibe, totally different feel to it.
I am originally from So Cal so use to dry heat. Moved to Chicago area on 2003. I have adjusted to the winters. Still hate the humidity. I was in Atlanta for work in June a couple years ago. I almost died. I was in my hotel room, AC on full blast. No sheets. And I could not go to sleep because of humidity. Some guys were going to a Braves game and I bought a ticket with them but the thought of being outside for a couple of hours seemed like pure torture. Told them to give my ticket to someone else and have fun. My wife hates humidity more than me. LOL
I am extremely skeptical of this and it is not too hard to find articles with different view points such as https://www.bloomberg.com/news/features/2020-06-19/cities-will-survive-pandemics-and-protests. I am also not entirely sure what counts as a city and suburb. In the SF metropolitan area would every city that is not SF be considered a suburb, or would they also be considered city? Does it depend on the city, or is it more a function of population density? Even though I would consider them suburbs, their population density is not that different from actual cities in Texas or the Midwest or whatever, and is substantially higher than what is considered a suburb in Texas or Midwest cities.
I lived in Northeast Florida for years and loved it. I love the heat, but even south Florida and the southern gulf is too hot for me in the middle of Summer.
It’s not Charlotte. Houses in my neighborhood last a few days even right now. Average house just sold for almost 6, so average price still rising. Our house’s Zillow chart is a steady rise from the bottom in 2012, which is all you can see. The rise from end of 2015/beginning of 2016 has been the big run up.
Charlotte market Report...
our median price up 11% YoverY to $390k.
Houses in my neighborhood (right next to a top school in the state, so no worry about redistricting) take just a few days to go under contract when they do pop up. That said, prices aren’t that far above the peaks before the housing market crash after the financial crisis. Probably up 60-80% from the bottom depending upon the house.
I don't think you took the same hit we did in the last crash. I had one home up 3.2x last year and just sold another this year that was up 2x.
That's what I hear from my realtor friend in Broward County. There's some exodus from Dade and lots of people from up north buying. What happens to prices and sales when interest rates go up?
Yeah, Bend was cheap about 10 years ago. Since then, a massive influx of Californians has pushed up the prices considerably. It's a gorgeous area though.
