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A comment on Small cities in America’s Mountain West are booming. Parent comment

Re:Small cities in America’s Mountain West are booming by almost_usual on Tuesday April 20, 2021 @10:35AM (#26875229)
Coastal California prices have gone up 20-30% in the past few months. These are people who were priced out of home buying there and renting, mountain towns are cheaper.

Every IPO and stock vest causes home prices to go higher in the Bay Area, there’s been a lot lately.

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Re:Small cities in America’s Mountain West are booming by dcolkitt on Tuesday April 20, 2021 @10:45AM (#26875382)
My understanding is that rents in San Francisco are down 20%+. LA is not as large a drop, but still down.

While the cost of home ownership may be up (most likely as you identify due to the wealth effect of equity grants), the actual cost to live in coastal California is sharply down.

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Re:Small cities in America’s Mountain West are booming by almost_usual on Tuesday April 20, 2021 @11:07AM (#26875693)
Yeah this is true, it’s a good time to lock in rent control if you don’t want to own.
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