Exodus: For Bay Area millennials, moving up means moving out
https://www.mercurynews.com/2019/07/07/for-bay-area-millennials-moving-up-means-moving-out/ He informally surveyed about 40 friends and found only one or two planning to stay here. “In the last few years,” he said, “we’ve really hit a wall.” The Hursts sold their home on Pepper Tree Lane for $930,000 and are moving near Spokane, Wa., where other Bay Area friends have moved. The couple is building a 3,200-square foot custom home, with a big lot for their golden retriever, Buddy. They sold the house in June, less than three years after they bought it. For the next month, they’ll teach summer camp and live with Jen’s parents. In August, they’ll pack up their new RV, take a long vacation and leave the Bay Area for good.
The Mercury News
“The Bay Area is increasingly becoming a place unaffordable to the children of NIMBY parents, who have blocked the approvals of new homes that lock out our own sons and daughters from being able to live in the communities in which we raised them” I do not sympathize
Yep NIMBY locals, the second most unsympathetic group, first being boomer NIMBYs
Yeah. Moving on...
Literally a problem created by the local government. Looks at the housing policies in state of TX. No state has seen the kind of population boom like the state of TX in the last decade. Still, they managed to keep housing prices in check because of the local laws that react faster to demand.
Geography isn't as limiting ie bodies of water and mountains but agree the city limiting zoning causes these issues.
Well, Bay Area is full of empty lots and low density areas. Restrictions zones and regulations makes almost impossible to build new houses.
Carpet baggers. Hope Buddy pisses on their bed.
"It's tough being rich"
Great to see Tanner and Karen living their best life
Yeah, there's no reason for real estate prices to ever come down in Bay Area... Nobody sells because of high paper-value/prop 13, rental demand, and AirBnB. Of course, we can't allow competition from high density housing, although we like employers to come here. I also think I'll remain hot and sexy when I am 80 years old.
I’m moving out, it’s screwed and honestly too expensive
I’ve noticed that all the people that have moved out are white people
> “I’m working at 150 percent,” said Jen, a bio-chemist, “to be lower middle class.” Nothing to see here