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One thing I'm interested in is, regardless of whether more californians are leaving or not, are californians driving up housing prices in the various obvious ta
by kbrackbill 5y ago
One thing I'm interested in is, regardless of whether more californians are leaving or not, are californians driving up housing prices in the various obvious targets (oregon, idaho, montana, colorado, nevada)?
I'm part of the "exodus" in that earlier this year I finally bailed on the bay area after living there my whole life for vegas, and the cost to buy a house here seems insane compared to renting and to similarly remote cities. Housing prices in the stereotypical california exodus places like Portland and Austin seem similarly wild. If californian emigration isn't responsible, then what is? Is it all just general demand for urban housing and are californians just a scapegoat?
- kelnos 5y agoJust one data point, but a friend of mine who lives in Boulder, CO tells me that home prices have gone up a lot in the last year or so, and his belief is it's largely driven by people leaving CA. Might not be the full cause though.
- mixmastamyk 5y agoMain reason is the fed printed trillions and folks are looking to get out of cash. Assets are up everywhere.
- burlesona 5y agoI experienced this too. Left SF and moved to Austin in 2020. Home prices have shot up 20% in less than a year. It’s such a sharp jump that I’d say Austin is not really that affordable anymore.