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Rainer
277,417
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

When the price of housing becomes less than that of renting they will begin to purchase. When this option is not feasible, then they will sprawl to the suburbs and other distant areas they can afford. When that fails they will relocate to other areas or states completely.

May 02, 2018 08:05 AM
Rainmaker
5,003,005
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Move to another state is what is happening with businesses here.  A

May 02, 2018 07:12 AM
Rainer
390,319
Anna Hatridge
R Gilliam Real Estate LLC - Farmington, MO
Missouri Realtor with R Gilliam Real Estate LLC

I think more will continue to live with family.

May 02, 2018 08:36 AM
Rainmaker
2,902,440
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

The possibilities are many. 

May 02, 2018 07:36 AM
Ambassador
2,491,588
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     Longer commutes?

May 02, 2018 07:10 AM
Rainmaker
1,507,472
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

They just will keep renting.... since they can not save money for down-payment. 

May 02, 2018 11:19 AM
Rainmaker
1,316,042
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

J.R. Schloemer, CRS nailed this one.

May 02, 2018 09:06 AM
Rainmaker
161,942
Denise Copeland
Home Sales Palm Beach - Jupiter, FL
Jupiter Abacoa Sales & Beach Front Luxury Homes

Speaking from my own market... Jupiter Florida, rent and real estate prices have eaten the middle and lower class alive. Spit them out and they are either illegally subletting or moving out of the area. It's so apparent when you walk into a CVS or Walgreens (of which there's at least one if not both on every street corner) and find one frazzled manager who drives 50+ miles a day to run the store and all operations. There are never more than 2 employees working because the work force can't afford to live here or commute to the area. It's just a matter of time before the wealthy have to drive 50 miles to a pharmacy to fill their meds.

May 02, 2018 08:40 AM
Ambassador
3,766,699
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Buy a home?

May 02, 2018 07:52 AM
Rainmaker
5,442,068
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

at some point, many will buy.... buying is less money every month than a rental fee.....

May 02, 2018 07:11 AM
Rainmaker
87,820
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

Relocation to suburbs?

May 02, 2018 12:13 PM
Rainmaker
3,730,638
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

So many possibilities.  Buying is the most unlikely in my area.

May 02, 2018 11:54 AM
Rainmaker
1,058,544
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Tenants are reacting similarly to homeowners and from what I've read more people are now leaving than entering the Bay area. Sacramento bound and other more affordable locales.

May 02, 2018 10:10 AM
Rainmaker
781,372
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

They will move farther away.

May 02, 2018 09:17 AM
Rainmaker
397,948
PropertyMinder (AccelerAgent)
PropertyMinder, Inc. - San Jose, CA
Modern Tools for the Modern Agent

Great question, Virgie Vincent. If they're smart, they'll start saving up for what Debe Maxwell, CRS wisely suggests. - Tim

May 02, 2018 01:37 PM
Rainmaker
705,949
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Finally buy a home or move to Arizona. 🤳 me

May 02, 2018 12:27 PM
Rainmaker
3,708,679
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Some may attempt to purchase and some will move away!

May 02, 2018 09:15 AM
Rainmaker
5,976,293
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Some will get roommates to help.

May 02, 2018 05:22 PM
Rainmaker
3,564,883
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Not knowing what goes on these days in the Bay Area... I can't really say. I don't know the profile of the average renter there.

May 02, 2018 02:19 PM
Rainmaker
1,101,533
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

 They job hop going after bigger pay.

May 02, 2018 08:55 AM
Rainmaker
1,527,337
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Your question was answered. Great answers. Good luck. 

Oct 30, 2018 10:59 AM
Rainmaker
1,992,436
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

No idea. 

Great answers are here. 

Oct 30, 2018 10:54 AM
Rainmaker
3,531,085
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

they need to buy now before the interest rate goes up in June.

 

May 07, 2018 04:21 PM
Rainmaker
4,441,591
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Our rent and home values have soared in Denver, and now seeing some leaving the state.

May 05, 2018 10:48 AM
Ambassador
1,706,758
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

With great despair and covered up with thoughts of Oakland.

May 03, 2018 04:09 PM
Rainmaker
4,798,978
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I am guessing they will be leaving for more affordable places.

May 03, 2018 06:16 AM
Rainmaker
3,067,302
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Pay more money...

May 03, 2018 04:50 AM
Rainmaker
4,432,971
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Relocate.

May 03, 2018 04:35 AM
Rainer
91,682
Jon K. Judd
Keller Williams Realty - Central Delaware - Dover, DE
GRI, e-PRO, SFR, Delaware Homes

They are all leaving and moving to Delaware... yes, I'll take the referral... :)

May 03, 2018 03:05 AM
Ambassador
4,307,764
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Virgie Vincent - upset?

May 02, 2018 09:55 PM
Ambassador
4,841,781
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Unfortunate that so many areas like this abuse the landlords then wonder why rental prices are so high.

May 02, 2018 09:17 PM
Rainmaker
1,077,127
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

They have. They are leaving SF.

There was a huge article on it last week in the Sunday paper.

However, knowing the Bay Area as I do, they'll be 3 more newbies to CA to fill their shoes. LOL.

May 02, 2018 08:50 PM
Rainmaker
3,985,587
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Move in with relatives

May 02, 2018 07:50 PM