Originally Posted by
Downtime
So my brother is out in Cali. He just bought a house he says for every person who leaves CA three are trying to move there. People are putting like 40 percent down just to make their offer look better.
How does that compare to the differential of U Haul rates, much greater outbound than inbound to California?
Where are these people moving from and to? Does your brother have a feel for that? My understanding with remote office, there are people, for example, moving from heavily populated parts of SF to areas 50 to 100 miles away, or to Northern California. It is causing housing prices to increase in those areas.