An expert says the Republican tax bill is likely to accelerate an exodus away from traditional tech hubs toward more affordable areas.
"Amazon's search for a second headquarters outside Seattle is just the beginning of a tech exodus from expensive coastal cities to cheaper inland locations," writes Sara Salinas. That's the opinion of Redfin CEO Glenn Kelman, who shared that opinion recently on CNBC's "Power Lunch."
According to Kelman, the trend is already underway, but there will be "an accelerating shift out of coastal cities as homeowners seek to avoid the higher tax rates of the recently passed Republican tax bill."
Kelman expects cities like Denver, San Antonio, and Houston to benefit most from the trend.
FULL STORY: Silicon Valley will soon see a 'mass migration' of tech companies and talent, says Redfin CEO
Apple Pledges $2.5 Billion for Housing Affordability
It's been a big year for tech giants pledging money to mitigate the affordability crisis in the regions and cities they call home. Apple joins a club that includes Google, Facebook, and Microsoft.
Is Portland the Next San Francisco?
Now that tech companies have "discovered" Portland, Oregon, longtime residents question whether the progressive city has done enough to protect them from displacement. Sound familiar?
Portland Housing Bond Created Nearly 5,000 Units, But Affordability Remains Out of Reach
Despite better-than-expected results from multiple local housing bonds, housing costs and homelessness remain top of mind for many Oregonians.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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Camden Redevelopment Agency
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