Home Values Are Rising by $800 a Day in San Jose
I have a pretty large group of generally geek-oriented friends across most of the western US, and tracking their migration patterns has been fascinating - we&#x27;re basically all 1980&#x27;s-born millennials.<p>In the 2000&#x27;s was when we met, those who had grown up there and those who were moving were in the same age group. Only about 40% were college educated or in tech&#x2F;programming oriented roles. Of those, a small amount has ridden the wave to prosperity. Most moved to Seattle (if looking for a career&#x2F;home&#x2F;etc), or Portland (if they pass the weird-test).  There&#x27;s been a steady trickle out of the Bay for anyone not in tech for the past decade, and now I think only 10% of them still remain. Now they&#x27;re going to Colorado rather than Seattle, and a few more to Portland. Those that are currently missing the wave in Seattle are looking at moving to Colorado.<p>I have no idea which area is gonna be next - Colorado is now seen as the last &quot;cool&quot; place thats &quot;affordable&quot; and liberal (sorry screaming Coloradan&#x27;s, you&#x27;re next).<p>Personally, I just can&#x27;t believe its gone on this long - the pressure release valve that I thought would be released from the bay every year for the last decade hasn&#x27;t fully let go. Career or being able to afford a house seem to be mutually exclusive ideas if you&#x27;re not in programming. This is creating a rather nomadic culture within my friend groups... welp, this area is too expensive, might as well move onto the next. Very few are putting down roots.<p>I wonder what this all will look like when we look back 20 years hence - was it really a bubble, or the creation of a permanent Elysium style class divide between those that had the capital (or took the risks) early, and those who didn&#x27;t start out as well (or were conservative in leveraging themselves)? Every day it feels like I&#x27;m leading more towards the latter.