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Rainer
359,299
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
5,768,176
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
392,111
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
Ambassador
3,162,916
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
2,609,638
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     Longer commutes?

May 02, 2018 07:10 AM
Rainmaker
1,559,728
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • 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
1,432,011
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
241,424
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
4,570,429
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
5,580,934
Barbara Todaro
RE/MAX Executive Realty - Happily 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
Rainer
87,920
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

Relocation to suburbs?

May 02, 2018 12:13 PM
Rainmaker
4,270,542
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
1,141,607
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
850,592
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
399,003
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
711,944
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
4,580,631
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
7,052,456
Roy Kelley
Retired - Gaithersburg, MD

Some will get roommates to help.

May 02, 2018 05:22 PM
Rainmaker
4,506,200
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte 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
1,185,164
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
1,598,130
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
2,066,224
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

No idea. 

Great answers are here. 

Oct 30, 2018 10:54 AM
Rainmaker
4,347,580
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
5,338,311
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
Rainmaker
1,708,245
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
4,799,732
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
3,071,034
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
4,433,809
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Relocate.

May 03, 2018 04:35 AM
Rainer
92,032
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
4,316,415
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Virgie Vincent - upset?

May 02, 2018 09:55 PM
Ambassador
5,763,984
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - 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
1,361,695
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
3,986,000
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