I didnt say traffic jams on the 8 and 10 but that the tide has turned. Had lunch with a college pal today who is fed up with the east coast. He’s an independent consultant and can live anywhere. Makes a couple hundred K a year. He’s got his place in escrow and will be bringing 500K to buy a new house here. Looking to spend 700 to 800K (i.e. only borrow 200 to 300K) out here which would put him under $2000/month totasl costs. Renting isnt in the equation for him as his sole reason to move here is lifestyle. I’ve got another friend getting working on the same and two more thinking about it now thats prices have fallen a couple hundred k for the homes they would want here. No traffic jam on the 8 or 10 but they cant be the only ones.
