California exodus accelerates...

UberEatsDriver

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Brooklyn keeps on taking it.
Miami is NOT Cali expensive...






YET...





SOON it will be with the people leaving the cities they created and bringing the same mindset to Florida.. The amount of NY, Chicago, and Cali transplants all trying to come to Miami, drove the market crazyyy.. But they all look at it as a Bargain compared to the little apt they left in NY..
the apartments in the new buildings in Miami and Fort Lauderdale are not huge at all and many of time are tiny.

I air bnb at luxury apartments in Fort Lauderdale and Miami all the time.

The last air bnb I did in Fort Lauderdale the bed was literally 85% of the total bedroom
 

UberEatsDriver

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Brooklyn keeps on taking it.

The same thing is happening in NYC, the highly educated and higher income population is moving in and the lower income ones are moving out. Low key Californians may actually prefer it.
This is also happening in DC also I believe. Cities are going back to the hands of the rich and usually if a place has wealthy people the population will be lower than a place that has middle class and poor.

It makes sense how these places have exodus yet still have a lot of Fortune 500 companies booming
 

Samori Toure

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No the realtors and developers are driving up the cost
Housing cost is driven by demand. A large number of people moving into an area with limited housing is what drives up the price of housing. Just 3 years ago my house was worth $200,000. People are swarming Nashville and now it is almost worth $600,000. Me and my neighbors haven't done anything except live in our neighborhood, but what is occurring is that newcomers are despeate for housing and driving up the prices around us.
 

Left.A1

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what is the limit on the expensiveness? It does not make any sense for living costs to go up with more people because the majority will usually be middle to low income. That sounds backwards as hell, there isnt even dependable rail transit for lower income to people to reliably move to cheaper areas, exactly what is a person who is not rich getting back for living their that isnt some bullshyt vice like women and deceptively destructive weather and pollution?
California is an incredibly big ass state man …you can literally get a totally different experience depending on the city let alone the region of California you’re in …using outsider talking points like “pollution” “deceptive destructive weather” lmao and “lack of trains” sounds ignorant as fukk :dead: stay your ass in Idaho nikka
 

UberEatsDriver

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Brooklyn keeps on taking it.
Housing cost is driven by demand. A large number of people moving into an area with limited housing is what drives up the price of housing.


I know. But it’s the developers who see this demand and create the real estate prices.

I don’t think a family from Cali is happy to see Texas home values going up
 

IIVI

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A lot of people I know are leaving LA. The ones who are staying have been here for awhile so it makes no sense to really leave.

At the end of the day, many people were from out of town and see no point in staying. This was the case for my co-workers after the pandemic.

Might as well go back to their hometown because they have a home base there.

That said, San Diego is property value probably going to be going up:

I can see SD becoming the next big tech giant on the Wst Coast to go next to Silicon Valley and Silicon Beach. It only makes sense.
 
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Samori Toure

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I know. But it’s the developers who see this demand and create the real estate prices.

I don’t think a family from Cali is happy to see Texas home values going up
Developers and realtors don't create prices. Supply and demand does. When supply goes up in Nashville or people start leaving in large enough numbers then prices will go down regardless of what realtors and developers want to charge.
 
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