Redfin Market Report (wages, moving to, bars)

[masssachoicetts]

https://www.nbcrightnow.com/news/sta...dca0bee28.html

Saw this article posted on a development page. Making sense of this what do you all think?


Boston, Sacramento, Phoenix and Las Vegas are the markets where people are looking into moving to the most.

NYC, San Fran, LA and DC(?) are the markets that everyone wants to leave according to Redfin.


Outside of the DC thing... makes sense. But what do you all think?

[TheTimidBlueBars]

Well, just on the face of it, those cities are all nearby alternatives to larger but more expensive cities (NYC, SF, LA, and LA respectively). Although I'd expect Philadelphia instead of Boston if that's people's reasoning here.

[Avondalist]

Originally Posted by TheTimidBlueBars

Well, just on the face of it, those cities are all nearby alternatives to larger but more expensive cities (NYC, SF, LA, and LA respectively). Although I'd expect Philadelphia instead of Boston if that's people's reasoning here.

Likewise I'm surprised by Boston. It's nicer than Philadelphia, but financially it's still expensive with unexpectedly low wages given the costs.

[NOVA_guy]

I definitely think that a lot of cities, the "superstar cities" are getting super expensive and it's at a point where unless you make tons of money you literally can't afford to stay, especially people looking to have kids. Not surprising.

[Avondalist]

Originally Posted by NOVA_guy

I definitely think that a lot of cities, the "superstar cities" are getting super expensive and it's at a point where unless you make tons of money you literally can't afford to stay, especially people looking to have kids. Not surprising.

And completely welcome. We have a lot of cities to develop in the US, why should everyone try to cram into five or six?