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Started By
Message
re: Bay Area exodus shows no signs of slowing down
Posted on 6/5/18 at 10:04 am to Hangover Haven
Posted on 6/5/18 at 10:04 am to Hangover Haven
That same house is 175K in EBR
1
Posted on 6/5/18 at 10:06 am to TejasHorn
Texas needs to do a PR campaign selling these people on Portland, OR.
Sorry, state’s closed, libs. Moose out front shoulda told ya.
Sorry, state’s closed, libs. Moose out front shoulda told ya.
Posted on 6/5/18 at 10:08 am to TexasTiger34
Govt work and I will be here for next 20 years until retirement
Posted on 6/5/18 at 10:08 am to Sao
quote:
Actually, they don't. An extremely high percentage of the newcomers are paying cash for houses in D/FW. Houses are getting over ask and multiple offers due to the boom in corporate relo here. The Cali refugees are seeing easier times like they've never had.
you completely missed the point baw.
Posted on 6/5/18 at 10:08 am to SanJoseTigerFan
I’m hoping for Hayward fault to blow up
Posted on 6/5/18 at 10:12 am to lsupride87
quote:
From someone who travels to San Fran regularly, Im not exactly sure where they could cram more housing
This. I also think its laughable to stay that people are leaving the area due to housing prices. If prices are going up and staying up, that means the market is good not bad. That argument makes no sense.
I agree the California laws are goofy, but unless you want a city full of high rises like half the cities in China, that's the only way to do it. They don't want to become Manhatten and the market is currently allowing it.
Posted on 6/5/18 at 10:13 am to teke184
quote:
Texas needs to do a PR campaign selling these people on Portland, OR.
Sorry, state’s closed, libs. Moose out front shoulda told ya.
The exact opposite is happening. Texas govt. is full-court pressing companies and their employees to move. Also, ads for "cheap" land and homes in TX are very common. Developers, local governments, and realtors love the bidding wars, who cares where they move from.
This post was edited on 6/5/18 at 10:14 am
Posted on 6/5/18 at 10:15 am to Mike da Tigah
quote:
This is not good news. Not for California, but for those places they move to with all their weird arse ideas and messed up value shite.
Dont get worried yet, I read a separate article on the same subject yesterday. A majority of the people leaving San Fran are planning to move to Sacramento. If they stay out there I'm cool with it.
Posted on 6/5/18 at 10:18 am to PoppaD
quote:
Dont get worried yet, I read a separate article on the same subject yesterday. A majority of the people leaving San Fran are planning to move to Sacramento. If they stay out there I'm cool with it.
This too. Most of the hard core libs would not move to Texas. They'd much rather stay poor and live in a blue state then live somewhere like Texas.
Posted on 6/5/18 at 10:19 am to SECdragonmaster
quote:Sure. Isn't that what the Left Coast is all about?
So it’s a story about people’s feelings?
Posted on 6/5/18 at 10:20 am to kywildcatfanone
quote:
Well, the cost of things there is just stupid, especially housing. Way overpriced for what it's truly worth.
If housing in SF Bay area is selling at the current price level it is priced correctly. What something is "truly worth" is what a buyer is willing to pay for it, those buying property in the bay area obviously think it is worth the selling price.
Posted on 6/5/18 at 10:23 am to TejasHorn
:facepalm:
This will not end well.
Let’s hope that these Cali people are big believers in zero population growth so that their numbers even out over the long term.
This will not end well.
Let’s hope that these Cali people are big believers in zero population growth so that their numbers even out over the long term.
Posted on 6/5/18 at 10:24 am to Klark Kent
quote:
you completely missed the point baw.
The point of the article isn't politics
Posted on 6/5/18 at 10:26 am to EA6B
The problem is that it is a bubble.
The prices will keep increasing until it bursts, at which point we are back in 2008 where people are walking away from mortgages due to being underwater.
There is demand in that area but the prices are artificially high due to the building restrictions and high costs of entry.
At some point a lot of people are going to start selling at once, meaning a glut on the market, at which point everyone is screwed.
The prices will keep increasing until it bursts, at which point we are back in 2008 where people are walking away from mortgages due to being underwater.
There is demand in that area but the prices are artificially high due to the building restrictions and high costs of entry.
At some point a lot of people are going to start selling at once, meaning a glut on the market, at which point everyone is screwed.
Posted on 6/5/18 at 10:26 am to yoga girl
quote:
Wage disparity and the hoarding of wealth are also big factors.
Everyone has the right to affordable, decent housing.
Affordable, decent housing isn't a right
Posted on 6/5/18 at 10:27 am to teke184
quote:
The problem is that it is a bubble.
The prices will keep increasing until it bursts, at which point we are back in 2008 where people are walking away from mortgages due to being underwater.
The 2008 housing crisis and the prices being paid in the Bay Area now have almost nothing in common. Sub prime mortgages and cash buying investors and supply are not the same thing.
Posted on 6/5/18 at 10:28 am to teke184
quote:I just dont agree this is a material reason in the bay area
There is demand in that area but the prices are artificially high due to the building restrictions and high costs of entry.
Posted on 6/5/18 at 10:30 am to NorthShoreTiger44
quote:
Except when they move to places like Texas they enact the same policies that caused them to leave California
goddamnit we didn't move halfway across the country to deal with the same problems we had there!!!!
*votes for Socialist Party of Texas*
*injects heroin*
*forms white dreadlock drum circle*
How does trouble keep finding us!
Posted on 6/5/18 at 10:34 am to lsupride87
They don’t build apartments out there because set asides for homeless people, rent control, and squatter rights are such an issue that you lose your arse given the costs involved.
If you are going to spend tens of millions on an apartment building, you want people who are able to pay, the ability to evict people who don’t pay, and the ability to raise prices as costs increase.
Those restrictions being placed on you means no new apartments, which in turn means that the costs for actual houses go through the roof.
If you are going to spend tens of millions on an apartment building, you want people who are able to pay, the ability to evict people who don’t pay, and the ability to raise prices as costs increase.
Those restrictions being placed on you means no new apartments, which in turn means that the costs for actual houses go through the roof.
Posted on 6/5/18 at 10:35 am to fallguy_1978
quote:
Affordable, decent housing isn't a right
this is like Guliani claiming the president can pardon himself, which is the single greatest bag of nonsense ever claimed before a trail.
If Congress agrees it is so. if they differ, its not so.
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