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bulab

Joined: 09/19/1998 Posts: 35961
Likes: 3539


Couple of anecdotal stories


I have a friend who's been in NYC since college in the late 1980s (went to Columbia, did 2 years at Stanford for MBA, but has been on Wall Street otherwise) who considered NYC the greatest city in the world, who lived in a high-rise in the Flatiron district, move out. Couldn't take the crime any more. Said it's night and day compared to even a year ago. Moved to Pasadena (which IMO, is a poor choice if he's worried about crime).

A realtor friend of a friend said that people are fleeing King County in Washington State, that prices are down 20%. This friend said her husband is feeling the pressure of possibly losing his job as a hospital administrator because he didn't participate in the BLM protests. Their real estate agency is also armed to the teeth these days during the workday, worrying about destruction of their office.

Lots of friends in the tech industry in San Francisco are totally disgusted with living conditions and have moved out.

The Phoenix real estate market, which I follow very closely, has gone bananas. The inventory levels are the lowest I've ever seen, and are close to back where they were at the height of the 2005 bubble. Californians are flocking here buying $2 million dollar homes sight unseen (based only on pictures on Zillow).

I think the big blue cities and states are in a world of hurt in the 2020s.

I just hope the incoming blue city emigres don't turn Phoenix into a wasteland.

(In response to this post by vt90)

Posted: 08/26/2020 at 11:51AM



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Current Thread:
  Couple of anecdotal stories -- bulab 08/26/2020 11:51AM
  Kind of crazy ... -- vt90 08/26/2020 12:03PM
  For some businesses maybe. -- vthokieq 08/25/2020 7:55PM
  Why the preoccupation broken record? -- Vippie1 08/25/2020 5:59PM
  That’s incredibly naive. -- vthokieq 08/25/2020 6:06PM
  I'm. Incredible naive then -- Vippie1 08/25/2020 6:10PM
  Closures because of deaths my friend -- Vippie1 08/25/2020 6:39PM
  Keep fighting the good fight q! -- vt90 08/26/2020 08:14AM
  I'm not "fighting" any particular fight. -- vthokieq 08/26/2020 08:23AM
  Suck it, NY. They get what they deserve. ** -- PhotoHokieNC 08/25/2020 5:05PM
  Huh? NYC is awesome. Why the hate? ** -- 98Hokie 08/25/2020 10:28PM
  Residential, commercial or a combo? ** -- mancunian 08/25/2020 5:02PM
  Adapt or die. ** -- Stork 08/25/2020 5:41PM
  Guess the ones that Stay are REALLY in a strong position -- HokieSignGuy 08/25/2020 5:22PM
  Wow... that is brutal. ** -- HokieSignGuy 08/25/2020 5:21PM
  Totally unexpected! ** -- ColoVT82 08/25/2020 4:22PM
  I read a report that estimated 15-20 percent of NYC -- GreenvilleVT 08/25/2020 3:52PM
  Don't think COVID is the only reason ... -- vt90 08/25/2020 3:50PM
  Wasn't NY crime way worse in the 70s than it is now? ** -- SteveInBaltimore 08/25/2020 3:52PM
  It's not "now" that's important. It's the trend -- bulab 08/26/2020 11:43AM
  Way worse, statistically NYC -- Vippie1 08/25/2020 6:02PM
  And trending in the wrong direction. ** -- EDGEMAN 08/25/2020 4:29PM
  Crime was way worse in lots of places -- Beerman 08/25/2020 3:54PM
  I spent a lot of time in NY as a kid in the 70s. -- GreenvilleVT 08/25/2020 3:53PM
  That's a shame... ** -- Burruss Writer 08/25/2020 4:52PM

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