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by davidw
2337 days ago
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The Bay Area is where it's worst, but it's essentially the same problem there as it elsewhere. Also, what people do down there has a ripple effect everywhere else. Where I live in Bend, Oregon, we see a lot of people moving up from California who either 1) made out like bandits because of scarce housing, prop 13, etc... and can afford to sell out and live like kings because housing is "cheap" here (for them, not for the rest of us), or 2) can't hope to afford a home there, so move somewhere like here seeking that opportunity. |
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I've been half-seriously looking at houses in Bend or Klamath Falls where I could work full-time remote, but there aren't a lot of houses that I could afford in Bend! It's nothing like the Bay Area, but the percentage of $1m+ houses was really surprising to me, and when you look at the price history, it's a very recent phenomenon.