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Which, of course, cascades into an even worse problem in the areas where the Bay Area people flood into. "Relatively affordable" to people coming from the Bay
by tspike 8y ago
Which, of course, cascades into an even worse problem in the areas where the Bay Area people flood into.
"Relatively affordable" to people coming from the Bay Area translates to "completely out of the question" for people who are from the areas affected.
- oihoaihsfoiahsf 8y agoThis might be a problem for one or two of the top areas, but there are not enough Bay Area emigres to materially move the needle in the vast majority of non-Bay Area localities.
- tristor 8y agoTry "tens to twenties of 'top areas'". Just look at the housing market in any other city in the US that's started to build a tech hub. Austin, TX in particular is a good example where the average cost of a decent house has basically doubled in the last 10 years.
- oihoaihsfoiahsf 8y agoI don't think you're going to be able to attribute that to Bay Area compensation. Urbanization in general: yes. Bay Area? No.
- burlesona 8y agoThis is what has happened in Austin and Portland, just to name two. As another commenter said it isn’t enough to affect every market but I think it affects many markets, and there is a domino effect as people cash out of those second level cities and move into third level, etc.