Californians fed up with housing costs and taxes are fleeing state in big numbers

[KENNY DA COOKER]

Good I welcome them to GEORGIA....

Best tenants I ever rented one of my rooms of my house to had came from the WEST COAST...

Seattle and San Diego

They had no problem paying 75% of my mortgage

 

[re'up]

Average home price in San Diego is like 550....You can see the tightening of the screws everyday, it is becoming more and more divided by class.

 

[FlimFlam]

My wife’s 90+ year old aunt and uncle are sitting on a 2500 sq ft split level smack dab in the middle of Sunnyvale, 10 minutes from Apple. They paid $60k for it back in the 60’s. They have Asians standing in their driveway weekly offering millions to buy their house from them...

Goddamn, that was even big money back then

 

[Htrb-nvr-blk-&-ug-as-evr]

Goddamn, that was even big money back then

They were both in education, he was a principal and she was some type of higher up administrator. They made good money back in the day for black folks and made fantastic investments thru life (property). They did shyt right...

 

[Super Future Luther King Jr.]

Shyt is crazy here...I live in San Diego and I looked at getting relocated to Tempe, AZ for the same job same pay.

A comparable house in AZ to what I have was a grand lower a month

shyt has me really plotting about that lateral move that would feel like a 12K pay increase

Literally nothing comparable about living in fuccin Tempe, AZ and SD, CA but I hear you

Average home price in San Diego is like 550....You can see the tightening of the screws everyday, it is becoming more and more divided by class.

shyt 550 is still good! Lmao

Where I'm at in the Bay that's gone get you a single level rat infested 1800sq ft home built in the 1960's

If. You. LUCKY!!!

 

[re'up]

Right, but I don't think our median income levels will compare to the Bay Area, at all. I love Bay Area though, my sister lives in Oakland.

Downtown area is just getting nicer and nicer, and furthering a divide, more and more people are pushed out of the city, as traditional middle class neighborhoods undergo a "revitalization".

 

[YamakaSmacker]

My wife’s 90+ year old aunt and uncle are sitting on a 2500 sq ft split level smack dab in the middle of Sunnyvale, 10 minutes from Apple. They paid $60k for it back in the 60’s. They have Asians standing in their driveway weekly offering millions to buy their house from them...

Do they approach other households with these offers?

 

[soulfuljah]

That's the reason why Austin, Houston and DFW are the fastest growing areas

Yep, and home prices are rising right with them. Home prices for a home in Cedar Park with more than 5000 sq ft of land.

 

[Whogivesafuck]

Phoenix too.

Yeah I have a lot of homies that live in a suburb out there called Chandler.

 

[levitate]

companies will pay to build campuses for their employees. Dorm-style housing with gyms, malls, etc.

Facebook and Google are both building more affordable housing in Silicon Valley
Emmie Martin | @emmiemartin
8:00 AM ET Mon, 10 July 2017


A rendering for part of Facebook's "Willow Campus" development in Menlo Park, California.
























One day, Facebook employees will only have to cross the street to commute to the tech giant's Menlo Park headquarters.

In a blog post on Friday, Facebook announced plans to turn the 56-acre Menlo Science & Technology Park it bought in 2015 into a company town, dubbed the Willow Campus. Located across the street from the company's current campus, it will include a grocery store, pharmacy and shopping center.

"Working with the community, our goal for the Willow Campus is to create an integrated, mixed-use village that will provide much needed services, housing and transit solutions as well as office space," Facebook writes.

Of the 1,500 new housing units the company plans to build, 15 percent will be affordable, priced below the market rate. The village won't be comprised of only Facebook employees, either. Facebook will open up the units to the community at large, Business Insider reports.

Why not just move the HQ to a lower-cost state?

Or start having more employees hired at out-of-state satellite campuses?

I mean, this is tech..shyt can be done from anywhere.

 

[ORDER_66]

Don't come y'all asses to NYC we got our own shyt to worry about!!!! Deal with those fukking property values!!!!

 

[dora_da_destroyer]

Why not just move the HQ to a lower-cost state?

Or start having more employees hired at out-of-state satellite campuses?

I mean, this is tech..shyt can be done from anywhere.

google is a cornerstone of the tech industry here, they're one of the critical companies that kicked off the second tech boom, they don't need to leave or create out-of state campuses (which they already have). as for other companies, the issue is the VC money is still here, there's a reason that even with tech hubs popping up in places like Austin, San Diego, DMV, Pittsburg, even NY's tech scene - the growth and success of the companies don't rival that of those out here. The money that's funding tech is out here, the people who have strong track records in tech (think those who found million/billion dollar success in the first boom or early in this second wave) all also stayed out here, these people become critical to the success of new startups, they become advisors, investors and introduce founders to other investors/VC's. if the funding were to spread out, tech might grow more equitably in more states/metros and ease the crunch in the bay.

my girl has a biotech startup in chicago and is out here 4-6 times a year trying to raise money, it's much easier to just move here and have round the clock, ongoing opportunities for networking and funding when trying to kick your business off.

 

[livewire]

gas at 3 dollars +...housings a joke etc...lots of people are bouncing....the government/state is gonna regret the way they are handling things in the long run for sure

 

[Cacs R Us]

Race to the bottom. No one should be happy about Cali folks leaving en masse to go elsewhere. All that's doing is being one of the things driving costs up in other urban areas since their money allows them to outbid easily. This along with foreign investors ready and willing to buy up property is the reason the housing markets in most urban cities is out of control and a bubble ready to burst again.

 

[levitate]

google is a cornerstone of the tech industry here, they're one of the critical companies that kicked off the second tech boom, they don't need to leave or create out-of state campuses (which they already have). as for other companies, the issue is the VC money is still here, there's a reason that even with tech hubs popping up in places like Austin, San Diego, DMV, Pittsburg, even NY's tech scene - the growth and success of the companies don't rival that of those out here. The money that's funding tech is out here, the people who have strong track records in tech (think those who found million/billion dollar success in the first boom or early in this second wave) all also stayed out here, these people become critical to the success of new startups, they become advisors, investors and introduce founders to other investors/VC's. if the funding were to spread out, tech might grow more equitably in more states/metros and ease the crunch in the bay.

my girl has a biotech startup in chicago and is out here 4-6 times a year trying to raise money, it's much easier to just move here and have round the clock, ongoing opportunities for networking and funding when trying to kick your business off.

Damn...

It's sad, man...It's like SF is being punished by its own success.

It just sounds like the entire Bay area is heading toward unsustainable levels of income and housing disparity.

Anyway, perhaps you and I can discuss the finer details of this matter the next time I am in the Bay Area? Perhaps whilst seal watching at Fisherman's Wharf...staring lovingly at the Golden Gate while gently holding hands?