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Real estate is regionally cyclical. People bounce between regions by moving to more favorable locations from time to time, but the trend often takes decades.
by ww520 6y ago
Real estate is regionally cyclical. People bounce between regions by moving to more favorable locations from time to time, but the trend often takes decades. That was the flight to the suburbs in the past and the city gentrification later on. It's not surprising a new flight to the burbs has started.
- hckr_news 6y agoI disagree with the trend of people flocking to suburbs. I have no data to back this up but the trend seems to be more like folks choosing reasonable cost of living such as cities like Salt Lake, Minneapolis, Chattanooga, Rayleigh etc
- ww520 6y agoIt would take much longer and much more data to form a trend. Now is just all speculation. The first wave leaving would be people without strong ties to the Bay Area (layoff, no work, etc). They tend to leave for other regions, like you said. The second wave would be people still working in the region but cannot stand the deterioration in the big cities. They will move to the burbs.