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As always with real estate, the effects of this will be highly localized. I would expect a much bigger price drop in Florida than San Francisco.
by pxeboot 8y ago
As always with real estate, the effects of this will be highly localized. I would expect a much bigger price drop in Florida than San Francisco.
- benj111 8y agoAll the people dying in Florida must be moving in from elsewhere though. San Francisco is getting the benefit earlier, at Florida's expense.
- twodave 8y agoI have lived in FL my whole life and believe me when I say that the tech jobs were the ONLY thing I have ever felt like I was missing. And after having built a career over the last decade or so on this coast and having learned a bit more about who I am and what I really want, I don’t miss the FAANG jobs either. It’s fantastic here, and I’d recommend it to anyone.
- moltar 8y agoWhat are the good and fun areas of Florida? I’ve never been, but always had an impression of it being a large retirement place. Except Miami, ofc, which also didn’t appeal to me. Would love to visit some day, but want to go to the right places. Thank you.
- twodave 8y agoThe entire east coast is pretty interesting. I’ve lived in Jacksonville or near it my whole life. We have moderate weather while still having some semblance of seasons, we have beautiful and uncrowded beaches, people are relaxed for the most part... and it’s a Navy town so you have a lot of diversity in the area. If you work in tech here you end up making more for the CoL than you would in almost any other place on the planet. I’ve been making mid-100s or better for the last 3-4 years (have 12 years of experience now). Housing prices have been rising, but if you’re patient you can still find places in the $100-115/sq ft range. My wife and I are raising our 4 kids here and would never dream of leaving.
- deleted 8y ago[deleted]
- projectramo 8y agoAlt view: as the nation ages, a lot of retirees from cold states will move to Florida driving up prices there. (Before the drop). San Fran I cant comment on because I can only discuss rational markets.
- robertAngst 8y ago>San Fran I cant comment on because I can only discuss rational markets. Doesn't this imply a bad future? Also since San Fran is cold, I can see it losing its geographic appeal.
- ethbro 8y agoJust wait long enough, it'll warm up. Or slide into the ocean. 50-50.
- jacobolus 8y ago> since San Fran is cold, Cold compared to where? (Maybe your reference is Honolulu and Miami?) What part of SF are you talking about? The lowest low temperatures of the year where I live in SF are among the highest anywhere in the country. We use a heater around this time of year, but it would be reasonably comfortable to go without. It is sunny most of the time, I would say at least 250 days/year. The typical day throughout most of the year is “warm”: the kind of weather for wearing jeans and a long sleeved shirt (so the sleeves can be rolled up or down), but no sweater. It is seldom “hot” (occasionally temperatures in the 90°F range), and average high temperatures in the summer are cooler than most of the continental US. We don’t use AC at all.
- monocasa 8y agoIt's the humidity that kills you in San Fran. I'd take 20F in Colorado over 50F in San Fran anyday.
- jacobolus 8y agoAre you saying it’s too dry, or too wet? I find the humidity in SF to be quite moderate throughout the year. I grew up in Southern CA, which is drier, and I have relatively oily skin. Again, which part of SF are you talking about?
- benatkin 8y agoThe population has been growing at a much faster rate in Florida than the average for the United States, so prices probably won't go down very much in attractive places there, either.