Sacramento, In Da House!

What/s the new city’s name? Singaporeer?

I was at Bistro Punahele Tonnelier for brunch the other weekend. It was a good time. Pretty solid food, drinks and service.

But I have no idea how it can survive just opening 3 days a week for 4 hours a day.

Not Vegan friendly though.

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nice! glad you found a good place in a boring town! What brought you here?

My friends live in one of those new housing communities. Moved in maybe 2021

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Sacremento is the top metro region where Bay Area residents consider buying homes. From the Chron:

https://archive.is/H8tX6

One major reason for the trend, said Redfin real estate agent Ali Mafi, is affordability. The typical home value in the Sacramento metro area was about $563,000 in October, according to real estate listing site Zillow. That’s about half of the typical value in the San Francisco metro area, about $1.12 million.

Homes in the Los Angeles and Seattle metro areas are also less expensive than in the Bay Area, though to lesser extents. Zillow valued the typical L.A. area home at $900,000 in October, or $700,000 for the Seattle area.

“In general, it isn’t something specific about those places that’s attracting people from San Francisco,” Mafi, who is based in the city, said in an email. “It’s more that San Francisco has priced them out.”

Most people moving to Sacramento from the Bay Area, he added, are working fully remotely or recently took a job with the state government.

I have been betting on this trend for 25 years. Most my investments are in the Sacramento MSA which includes Tahoe.