I grew up in what is now Silicon Valley, it was a slow-boil economic nightmare for me. My parents sold up and moved to a state I hate during a boom but I'll never see a dime of that, I was priced out of apartments, businesses I worked for moved away because of the cost of real estate and left me unemployed, but I stupidly held on because everyone I was close to was there. I spent my last years there living in a 250' studio, before moving away.
I now live in a part of the state that's expensive compared to say, rural Minnesota, but great compared to California's major urban areas, and with that an a career change I've been able to rebuild my personal finances. But I'll have to move further when I retire, unless real estate markets completely change in the next ten years.
reply
share