haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Certainly not in the existential sense written about by Thomas Wolfe, but also commonly in the money sense.
One of my sons and his family is relocating to San Francisco. I still have a son here, so I will not be considering a move myself, but I did spend a little time and research seeing if I go back, economically. Also did the same for the only two other places I have lived that I might consider living in again. San Francisco, LA beach towns, or Boston central city.
I could not afford to return to any of these neighborhoods, at least not owning real estate, and it would not be a gimme even renting. I could easily have afforded to buy in all these places when I lived there, but that is forever gone. This would not be true for anyone who had made and saved many millions, but it is certainly true of me. This is not because my financial status has deteriorated, but because real estate and COL in these areas has sprinted ahead of most other US places.
Over the past 30 years popular and highly sought has become more popular and highly sought. If I were giving advice to young people today, I would say if your area is very attractive, and attracts well educated and ambitious people form other places, if you hope to stay, buy nice property now, because you may not always be able to.
Ha
One of my sons and his family is relocating to San Francisco. I still have a son here, so I will not be considering a move myself, but I did spend a little time and research seeing if I go back, economically. Also did the same for the only two other places I have lived that I might consider living in again. San Francisco, LA beach towns, or Boston central city.
I could not afford to return to any of these neighborhoods, at least not owning real estate, and it would not be a gimme even renting. I could easily have afforded to buy in all these places when I lived there, but that is forever gone. This would not be true for anyone who had made and saved many millions, but it is certainly true of me. This is not because my financial status has deteriorated, but because real estate and COL in these areas has sprinted ahead of most other US places.
Over the past 30 years popular and highly sought has become more popular and highly sought. If I were giving advice to young people today, I would say if your area is very attractive, and attracts well educated and ambitious people form other places, if you hope to stay, buy nice property now, because you may not always be able to.
Ha