spotzle: (Default)
[personal profile] spotzle
The influx of Californians have driven the housing market up here to a frenetic level that hasn't been seen since before the housing bubble burst ten years ago. It. Is. Insane. So much so that one of our friends is moving to another state because he can't afford rent. He makes $70k a year. $70k and he can't afford rent! They're building houses on plots of land that should only realistically be used for one or two homes at most. And they still aren't building new schools. They still aren't widening roads, though they have thoughtfully started tolling them.

The estimated value for our home has gone up over $225k and we are pretty sure we could get a lot more should they figure out how to develop it. Our difficulty? Even if we sold it for that much, we still couldn't afford a place to live.

So where will we all move once prices reach Silicon Valley levels? This can't be sustained for much longer.

Date: 2017-05-15 02:01 am (UTC)
shemmelle: (Default)
From: [personal profile] shemmelle
Sounds like sydney :(

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