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I think the South will eventually suffer from suburban sprall (but on a much grander scale) from the rest of the country. If someone in Inglewood (A sometimes not so nice part of L.A.) were to sell their home - they could get $300,000,000. That amount of money would get someone a pretty nice home in a pretty nice area with change left over in many parts of the South. As the prices rise, the trade-offs in the lack of ammenities will probably bring people back to the larger metro areas. The South has it good. A half million dollar home is actually worth $500,000,000 and not overpriced due to speculation.
What do you mean "how long"? I live in the south and my area is more expensive than parts of California. It's already there and been there for a while.
What do you mean "how long"? I live in the south and my area is more expensive than parts of California. It's already there and been there for a while.
I think Florida is one of those exceptions and there are quite a few people who don't consider Florida Southern. It's quite touristy.
When they become welcoming to all types of people, thus increasing demand.
Oh please. Check the numbers. We're not talking about small-town, BFE Southern towns. Major urban areas in the South are plenty welcoming. Larger minority populations than most northern areas, plus plenty of hubs for those of the gay, liberal, or otherwise "different" persuasion...
To the original point, many Southern cities are more expensive. Not as expensive in the north, but more expensive than they were in the past.
It's already happening in Birmingham. People in California keep moving to town after selling their homes in San Diego, LA, and San Francisco. Then they pay CASH for homes here for twice as much square footage, and in nicer parts of town. There are three on my street like that already.
I understand that prices have already gone up in most Southern cities. I'm wondering if or when will they reach prices comparative to those in other areas.
And yes, southern Florida doesn't count since the prices have already skyrocketed some time ago.
But, will cities such as Atlanta, Nashville, Charlotte, the Texas cities, etc. reach south Florida prices?
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