I dont know but im pretty happy im getting a couple from LA that decided spending near $5000/month to live in a small condo in LA isnt as great to spending the same about by renting my place and getting double the square footage and easy access to a great school district. Wanted to sign a longer term lease too. Nice younger couple with excellent credit, low debt, but not quite ready to buy i think.
I do think there is some flifht from CA. Probably people on fixed income or retirees who arent working. But seems like we are picking up a lot of high net worth working people eho decoded theyd rather be here than NYC or LA or SF.
One of my colleagues went to the bay area to work as a staff engineer for one of them big public company. They gave him a comp package well above $300k. He’s considering moving back and working remotely. If he did, he could live like a king. He never sold his house and its paid off.
So i think this is great news for the local economy…its bad news for folks like flyer who wont be wealthy alone much longer and be able to rub their noses at others thinking they are better. Lots of people with a lot more money built from noteworthy accomplishments, not from mommy and daddy’s silver spoon.
