I hate the term real estate. It's cold and business-y, everything that tends to make me hide under the bed. What I write about is space: homes, cafes, places where you can do work, pet the cat, and Google your next-door-neighbor from 10 years ago. I write about places. And I like to do it from a personal perspective.

Monday, November 07, 2005

Midwest migration

Is it reversal of fortune or a blessing for committed city dwellers?

The coasts are losing people to the Midwest. Though California is shedding less than it did in the 1990s when aerospace tanked, the state's ridiculous real estate prices are driving out the people who are seeking greater space at less cost. Looks like Boston, Washington DC, and other urban areas are following suit.

I have no kids nor do I plan to start a family or buy property any time soon. For people like me, I'm happy to wave goodbye to my fellow competitors in the rental market, on the freeways, and in the aisles of the grocery store. A less crowded Bay Area is, as far as I'm concerned, one of the potential upsides to our crazy local market.

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