It's not because of remote work, it's because of blue state pandemic lockdown rules, crime, high taxes, etc.
Smaller towns I can see remote work pushing the numbers up, but those cities are from people moving to them for many reasons, usually because the last place sucked, take a look at where they are moving from.
You forgot the real estate speculators that are trying to cash in on driving up prices into the sky, so that they can turn around and rent or sell these properties at a massive profit to the people who are moving into the area.
If you could eliminate the speculators, then the house price rise would probably be a lot closer to the income rise.
Any recommendations for an affordable city/town with moderate weather ( high 90f and 2-3 weeks of snow per year), walkable neighborhoods and good schools in North America (US/CA)? Seattle area is decent but too pricey for our family.
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[ 3.9 ms ] story [ 29.2 ms ] threadSmaller towns I can see remote work pushing the numbers up, but those cities are from people moving to them for many reasons, usually because the last place sucked, take a look at where they are moving from.
The pandemic and remote liberality pushed many out of urban and into rural life.
You don’t want an epicurean organic rural farm?
If you could eliminate the speculators, then the house price rise would probably be a lot closer to the income rise.