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Show me another place with 100,000 100k+ jobs. There aren't many markets like this in the US and they're all expensive. NYC, Northern Virginia/DC. Overheated,
by eldavido 6y ago
Show me another place with 100,000 100k+ jobs.
There aren't many markets like this in the US and they're all expensive. NYC, Northern Virginia/DC. Overheated, maybe, but not by much.
- jrott 6y agoYup and clustering effects are still real. Eventually we'll come out of the pandemic and companies will want to be near there biggest customers.
- lumost 6y agoTo the GP's comment, this could be an artifact of a slow-leak inflation. If inflation leaks in some markets faster than others you would see those markets increase in cost and income faster than the average. Boston area condo prices rose 32% from April 2019 to April 2020, at best income increases are keeping pace.