2 ms·

Could this be caused by people emigrating from California?

• diplocorp 8y ago
  It would be interesting to compare the Seattle and Boston prices to see if this is the case.
  • matheweis 8y ago
    Seattle has had a nearly identical slowdown, so perhaps not entirely due to California emigration... although the water is muddy - reportedly people are exiting Seattle for greener pastures as well.
    • devmunchies 8y ago
      I have a theory that a major portion of the population in Seattle is always churning. Lots of people moving in and out (Like a college town). But if they can’t get people to keep moving in, you end up getting huge deflation. The weather is a shock to lots of people. I just sold my house in Seattle and will be leaving next month.
      • vkou 8y ago
        Seattle may be a revolving door, but the main reason people are leaving is because they can't afford it, so they move out to the boonies, and commute. Despite that, it is having an unprecedented net population boom.
• CalRobert 8y ago
  Perhaps, or just from the bay. Over half of my bay area friends now live in Portland. I left the bay myself (for a new country), but not due to housing costs. Eventually, making it a rotten place to live for anyone who's not a millionaire had to catch up to it.
  • dsfyu404ed 8y ago
    >Eventually, making it a rotten place to live for anyone who's not a millionaire had to catch up to it. Seattle, Portland, Austin, Denver, etc would do well to heed the warning. I'm sure they won't though because "mo' money, mo' problems" is a lesson cities haven't learned yet and there's no reason for them to learn it now.
    • megaman8 8y ago
      As we speak, Austin is following in CA's footsteps. The very same ones kicked out of CA, are now voting NIMBY in Austin as well.
• dmode 8y ago
  California population went up by 2 million in the last decade. So this is unlikely. It has more to do with bear market, interest rates rising, and new construction