High housing costs & taxes lead to this: “Once we decided we had to get our employees out of California, we went about our search systematically.”
Throughout the scandals, Facebook was clad in Teflon and nothing mattered. But today, it mattered.
No, it’s not Seattle. Denver is by far #1. New York isn’t even in the top 25. And it explains why rents in Chicago are collapsing.
It’s called “Housing Crisis” for a reason.
After the blistering spike earlier this year.
Rents in Southern California go nuts. Bay Area & Seattle “mixed.” Chicago & Honolulu in free-fall. New York City sharply lower. Washington DC loses grip. But rents soar 10-15% in many markets.
Business is business.
Plenty of homes for sale, at ludicrous prices for what you get. But asking prices are now getting “reduced.”
Condo price volatility causes whiplash. But the house price surge is just crazy.
Some flat spots disappear, new ones form.