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Housing woes spur Bay Area residents to ponder exodus from costly region, poll says
San Jose Mercury-News ^ | September 19, 2017 | By GEORGE AVALOS

Posted on 09/19/2017 7:29:23 AM PDT by Oldeconomybuyer

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1 posted on 09/19/2017 7:29:24 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Please don’t bring your cancerous ideology with you.


2 posted on 09/19/2017 7:32:03 AM PDT by x1stcav (We have the guns. Do we have the will?)
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To: x1stcav

Too late.


3 posted on 09/19/2017 7:32:59 AM PDT by TADSLOS (Reset Underway!)
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To: Oldeconomybuyer

Import millions and millions of immigrants and illegals and housing gets scarce and expensive.

Who could have foreseen that?


4 posted on 09/19/2017 7:33:18 AM PDT by Pelham (Liberate California. Deport Mexico Now)
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To: TADSLOS

Yeah, I know...I live in Colorado.


5 posted on 09/19/2017 7:33:56 AM PDT by x1stcav (We have the guns. Do we have the will?)
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To: x1stcav

There has been much Californication of other States over the last few decades.


6 posted on 09/19/2017 7:36:12 AM PDT by Paladin2 (No spelchk nor wrong word auto substition on mobile dev. Please be intelligent and deal with it....)
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To: x1stcav

You know they will. They can’t help the old “That isn’t how we did it in Cali.” line. It’s kinda been instilled in them for so long. So, just don’t come here.


7 posted on 09/19/2017 7:36:29 AM PDT by rktman (Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?!)
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To: TADSLOS

“But this problem is eminently fixable with political courage. People with jobs need a place to go home to sleep at night.”


The political courage needed isn’t there. Because the state is liberal, and the Bay Area is a very liberal area in a liberal state. To the extent that government, or political issues, are a cause of housing prices being high, that right there ensures that there will be no solutions. Exclusionary zoning is a big problem. That will not be changed by existing liberal zoning officials.


8 posted on 09/19/2017 7:37:15 AM PDT by Dilbert San Diego
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To: Oldeconomybuyer

Time to ESCAPE from Liberal Land and take your jobs AWAY from the Progressive Socialists.


9 posted on 09/19/2017 7:38:05 AM PDT by CptnObvious (uestion her now.)
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To: x1stcav

People moving out could be what helps this problem.

Housing costs are a function of supply and demand.

So, say 20% of the people in Bay Area moved away. Housing costs should decline about 20%, right? Because the demand side of the equation would have declined.

I’ve known some people who live in the Bay Area, and they like it. That’s another issue; that some people really enjoy that area. And that’s an intangible, if people want to be in an expensive area, and are willing the pay the price to live there, then housing stays expensive.


10 posted on 09/19/2017 7:39:49 AM PDT by Dilbert San Diego
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To: x1stcav

Yes. Libs please stay the F out of Idaho. You’re not welcome here.


11 posted on 09/19/2017 7:41:37 AM PDT by Noumenon (Can you imagine if Islam were NOT the religion of peace?)
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To: Pelham

Import millions and millions of immigrants and illegals and housing gets scarce and expensive.

Who could have foreseen that?

Wait until Californicator Land becomes the official illegal sanctuary for the west coast.


12 posted on 09/19/2017 7:42:37 AM PDT by Grampa Dave (Did voting for Trump for President, make 62+ million of us into Deplorable Racists/Nazis? NO! NADA!)
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To: Dilbert San Diego

Play stupid games, win stupid prizes.


13 posted on 09/19/2017 7:44:43 AM PDT by TADSLOS (Reset Underway!)
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To: Oldeconomybuyer

Slave state.


14 posted on 09/19/2017 7:44:59 AM PDT by petitfour (APPEAL TO HEAVEN)
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To: Oldeconomybuyer
"the urge to flee is strongest among millennials, according to new poll results."

It only makes sense that younger people would be more eager to leave because they are much less likely to own a home already. I'm sure there are many working class senior citizens who bought a home there back in the 60's for one or two hundred thousand which are now worth well over a million dollars. Those same people couldn't afford to buy those houses now.

15 posted on 09/19/2017 7:45:27 AM PDT by circlecity
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To: Oldeconomybuyer

We visit friends who just bought a condo in SF for $1.7 million - a CONDO!! No elevator, walk-up. Beautiful views - but shared back yard.

Every time we visit SF husband wants to get out of there ASAP b/c we hemorrhage money,everything is very expensive. Crappy hotels are $350/night. Average restaurants cost $150 for four people.


16 posted on 09/19/2017 7:45:37 AM PDT by Bon of Babble (In-a-Gadda-Da-Vida, Baby!!)
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To: Dilbert San Diego

The housing costs there are excessive in no small part due to foreign speculative money, so people moving out won’t necessarily change the situation. What will change the situation would be an economic crisis or crash in China that causes Chinese to divest their foreign real estate holdings. Unfortunately, that will crash real estate in areas where they’ve been prone to buy, such as California, Vancouver, New York City, etcetera.


17 posted on 09/19/2017 7:46:15 AM PDT by RegulatorCountry
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To: circlecity
back in the 60's for one or two hundred thousand

Uh, that would be in the 80's. In the 60's, those homes were 30-40 thousand max.

The same homes now sell for roughly 2 million.

18 posted on 09/19/2017 7:52:23 AM PDT by Regulator
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To: Dilbert San Diego

If 20% moved out, prices would likely drop more than 20% - maybe 40 or 50%, or higher, especially with panic selling and increased foreclosures. Most items do not have an elasticity of 1.


19 posted on 09/19/2017 7:53:22 AM PDT by rb22982
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To: Regulator
"Uh, that would be in the 80's. In the 60's, those homes were 30-40 thousand max."

OK. But that reinforces my point.

20 posted on 09/19/2017 7:54:26 AM PDT by circlecity
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