[jusben1369]

It's interesting that there's no mention of the role of the Internet and telecommuting in this trend. The housing market's changes are certainly dramatic. But it's also worth noting that there's been a substantial cultural and technology change each year making working remotely more achievable for a growing % of people. And many of those are higher paying jobs. And remote work isn't just johnny developer in his home office. Constant improvements in technology make it more and more viable to start your financial services company in a smaller location vs the North East. Of your health care focused company. Or of course your high tech startup. All this needs to do is account for an incremental 1% of the working jobs in your city each year and you can see what happens after 5 or 10 years. That's the tipping point of disposable income for your kayaking instructor to make a business out of.