CBRE research: Phoenix ranks 6th in US/Canada tech talent growth rate regardless of market size (new home, buying)

[Arizona89A]

Originally Posted by stevek64

I agree. When I graduated from college, more than a few of my peers with computer science degrees left for expensive cities. They had no problem finding good jobs with good pay but most came back or moved to a more reasonably priced city because they starved essentially and/or the quality of life was poor given the high cost of living even with a good salary. The aura of living in an expensive/"name" city lost its appeal fast when reality set in. And cities like San Francisco/silicon valley area, it's getting downright hostile to the middle class in regards to cost and it's getting downright ugly for some:

Bay Area rental crisis squeezing out middle class - Mercury News

"Many displaced tenants spend half a year or more searching for new apartments, she said. Of the approximately 4,900 households with incomes between $50,000 and $160,000 that the agency serves, about 370 are living in their vehicles, mostly in Mountain View and Palo Alto."

With Soaring Rents and a Vanishing Middle Class, San Francisco Becomes a City for the Rich

Live and learn in the end for some I suppose. I'll never forgot my friend who sent a picture of his house living in silicon valley after he secured a good job with NASA. The price he paid for a house that looked like a ghetto house in Phoenix would have bought a very nice house in Paradise Valley still sticks in my head.

So as stated in the OP, it's easy to see why Phoenix is becoming very desirable to educated millennials with tech talent/degrees.

Property management companies in California require that tenants make 3 times the monthly rent so they live in motels and cars.

Management companies in Arizona, Nevada, new Mexico, less likely to ask.

California needs statewide tent controls or else all their high tech talent moves here.6

[Arizona89A]

Originally Posted by yukon

They desire cheaper rates but desire the same amenities and culture. So they can get that by going to Denver or Austin.

Not any more.

One of the companies that recently announced their move to PHX said they also considered Denver and decided against it as it's too expensive. Cost of living in Denver is now sky high. And Colorado Springs is being affected as well, as those working in the south part of the Denver metro move down to get cheaper prices. Except it's causing CS rental prices to rise as well.

PHX is still fairly affordable for a renter who has a reasonable salary and reasonable debt.

California and Denver have the same property managers.

Texas has higher rents than Arizona due to oil profits.

Texan millenials move to expensive condos in Scottsdale, as trust funders with their parents oil monies.

Obama, agree or disagree, has refused to regulate the oil companies or fracking. Gas was $1.10 a gallon when he took office.

Texas is the most common out of state plate in Scottsdale.

[Arizona89A]

Originally Posted by FirebirdCamaro1220

I never understood the high COL in Denver, to me, it's worthless due to cold snowy winters (and falls and springs) and no palm trees

It's the property managers and how they jack up the rents above the market rents, with computer programs such as yieldstar, and rainmaker.

In Phoenix, greystar uses these which is one reason why their rents are so high.

Most of the California property managers who use these programs are based in San Diego, Irvine, Long Beach, and Folsom.

They have a monopoly in California, controlling 80% of the apartment units statewide.

Smaller towns are sometimes immune from this rent gauging, like in the central valley.

Riverside county has really been hit hard by rising rents, and their US senator has launched a congressional investigation.

Arizona, should annex Riverside county and Carlsbad, since all are very pro business, pro high tech, and have the same cultures and values, like Temecula and Murrieta. At one time, Riverside county considered secession. I agree.

Even Palm Springs and the Coachella valley rents are now 30% higher than metro Phoenix. At one time, the valley was considered to be one of the next high tech hubs.

Not anymore, and they stopped building apartments.

[FirebirdCamaro1220]

Originally Posted by Arizona89A

It's the property managers and how they jack up the rents above the market rents, with computer programs such as yieldstar, and rainmaker.

In Phoenix, greystar uses these which is one reason why their rents are so high.

Most of the California property managers who use these programs are based in San Diego, Irvine, Long Beach, and Folsom.

They have a monopoly in California, controlling 80% of the apartment units statewide.

Smaller towns are sometimes immune from this rent gauging, like in the central valley.

Riverside county has really been hit hard by rising rents, and their US senator has launched a congressional investigation.

Arizona, should annex Riverside county and Carlsbad, since all are very pro business, pro high tech, and have the same cultures and values, like Temecula and Murrieta. At one time, Riverside county considered secession. I agree.

Even Palm Springs and the Coachella valley rents are now 30% higher than metro Phoenix. At one time, the valley was considered to be one of the next high tech hubs.

Not anymore, and they stopped building apartments.

Why would we annex Carlsbad, a coastal San Diego suburb? Even Riverside county only from the Coachella Valley eastward is anything like AZ. Once you get to Banning, you can def tell you are in CA

[Arizona89A]

Originally Posted by FirebirdCamaro1220

Why would we annex Carlsbad, a coastal San Diego suburb? Even Riverside county only from the Coachella Valley eastward is anything like AZ. Once you get to Banning, you can def tell you are in CA

Carlsbad, temecula, Murrieta, and menifee, are very conservative. Riverside county wanted to secede from Ca.

[locolife]

Originally Posted by Arizona89A

Carlsbad, temecula, Murrieta, and menifee, are very conservative. Riverside county wanted to secede from Ca.

The OC is very conservative as well.

"Newport Beach is the most conservative of the cities surveyed, with 60 percent of its voters described as conservative, followed by Yorba Linda (59 percent) and San Clemente (55 percent). Mission Viejo (52 percent) and Laguna Niguel (51 percent) are also in the top ten.

Santa Ana is the most liberal city in the county (54 percent) and Berkeley, where conservatives are outnumbered by a 10-1 ratio, is the most liberal in the state."

Survey: 3 O.C. cities are state's most conservative - The Orange County Register

[Arizona89A]

Originally Posted by locolife

The OC is very conservative as well.

"Newport Beach is the most conservative of the cities surveyed, with 60 percent of its voters described as conservative, followed by Yorba Linda (59 percent) and San Clemente (55 percent). Mission Viejo (52 percent) and Laguna Niguel (51 percent) are also in the top ten.

Santa Ana is the most liberal city in the county (54 percent) and Berkeley, where conservatives are outnumbered by a 10-1 ratio, is the most liberal in the state."

Survey: 3 O.C. cities are state's most conservative - The Orange County Register

Yes and a lot of riverside county folks moved there from the OC and some even commute there ...

[Java Jolt]

Originally Posted by FirebirdCamaro1220

Why would we annex Carlsbad, a coastal San Diego suburb? Even Riverside county only from the Coachella Valley eastward is anything like AZ. Once you get to Banning, you can def tell you are in CA

His postings make no sense.

Annexing parts of southern California is a nutty idea and will never happen.

Average gas prices were $1.84 not $1.10 when Obama took office. Average gas prices--January 26, 2009

Gas prices increased substantially under Bush between 2003 and 2008. Charting The Dramatic Gas Price Rise Over the Last Decade

[Arizona89A]

Originally Posted by Java Jolt

His postings make no sense.

Annexing parts of southern California is a nutty idea and will never happen.

Average gas prices were $1.84 not $1.10 when Obama took office. Average gas prices--January 26, 2009

Gas prices increased substantially under Bush between 2003 and 2008. Charting The Dramatic Gas Price Rise Over the Last Decade

Depends where in the country you're buying gas !!!!!!!!!!!!!!

Southeastern California including Riverside county will ultimately secede from the rest of Ca, due to gov brown just signing the climate bill last week.

This will add $30000 to the cost of every new home. Look up Jeff stone, senator, Riverside county, 1070 knx newsradio.

Whether Stone wants to add his 11 counties to Arizona, remains to be seen. Stone and arpaio agree on immigration policies.

[PowerofNow5]

I currently reside in the D.C Metro and am considering Phoenix in the next few years! I have to say compared to some of the other city's forums that I browse regularly, the Phoenix forum is almost always so positive! I love it. Your responses to posters' questions about relocating to Phoenix are very helpful and pretty friendly compared to my own city's forum. Just makes me feel the Phoenix area itself most likely contains the same enthusiasm and positivity. I can't wait to visit Phoenix soon!