4 ms·
Stats are from 2018, any idea what the trend has been in the last six months? Are a significant amount of workers truly leaving places like SF and NYC for a che
by castratikron 6y ago
Stats are from 2018, any idea what the trend has been in the last six months? Are a significant amount of workers truly leaving places like SF and NYC for a cheaper place in the Midwest?
- mox1 6y agoFrom what I have read a lot of the movement during COVID has been from major metro are to nearby smaller city. For example in my midwestern city (Minneapolis) there was a recent article in the paper about home prices in a smaller (but touristy / historic )town ~2 hours away (Duluth,MN). The claim was a lot of people from Minneapolis were moving there. I've read the same about SF residents moving to Sacramento or something like that. You can work from home, still hit the office 1-4x a month, see family, etc. so it makes sense.
- user5994461 6y agoYes. Droves of workers who got laid off and graduates who can't find a job. It's impossible to remain in the tech hubs without a job given how incredibly expensive the rent is. The average HN commenters at a comfortable FANG really don't grasp how bad the situation is for the rest of the people.
- fossuser 6y agoEven many of those at a comfortable FANG still live with roommates in shared housing and have no hope of buying a house on the peninsula where the median price is approaching $3M. The anti-housing people are mostly locals that bought their house for $300k 20yrs ago and pay no property tax on its new value due to prop13.