Evidence for the “great resignation” is thin on the ground

Re:Evidence for the “great resignation” is thin on the ground by gpapilion on Monday December 06, 2021 @02:32PM (#29464458)

Costal California has always had ridiculous home values, and nothing has changed that. 20 years ago I looked in Oakland and homes were 400k, which were still relatively unaffordable based on the salary I made at the time, 70k.

I think the income levels interest rates have helped raise values, but I think income has more to do with it. You’ll see high prices anywhere that can support workers, and they will pay for proximity.

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Re:Evidence for the “great resignation” is thin on the ground by HeyLaughingBoy on Monday December 06, 2021 @04:46PM (#29466130)

This was actually one of the reasons I did not want to move to California. Around 2000 I had someone from Oakland staying at my $139k home in Minneapolis. Admittedly, I did live in a very nice neighborhood, but her estimate was that my house would cost at least $500k in a comparable area in Oakland.

That was all the incentive I needed to stay put. IIRC, I wasn't making that much more than $70k at the time but I could have worked in a coffee shop and paid my mortgage.

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Re:Evidence for the “great resignation” is thin on the ground by bachmeier on Monday December 06, 2021 @02:55PM (#29464729)

I remember a conversation I had with a taxi driver in La Jolla in January 2002. I asked how a taxi driver could buy a house. He laughed and said you shouldn't be a taxi driver if you want to buy a house there, because the cheapest piece of junk was $400,000.

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Re:Evidence for the “great resignation” is thin on the ground by ghaff on Monday December 06, 2021 @02:56PM (#29464757)

Housing prices were one reason I didn't move out to the Bay Area in the 1990s--at a time when salaries in the tech industry were nothing particularly remarkable relative to engineering salaries elsewhere.

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