Toll Brothers is an at-scale semi-luxury home builder. Average home they sell goes for $862,300. The upper middle class is bailing out of the cities en masse.https://twitter.com/bespokeinvest/status/1298353643868041220 …
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Replying to @MorlockP
Can't independently confirm, but a friend said the Columbus market is v v strong at the half million, ±, level right now, which seems plausible; finally pushed to leave San Fran, bank ⅔rds of your sale, get 3x the house in a calmer town. Dunno.
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Replying to @kendrictonn @MorlockP
I can confirm that the Indianapolis, Saint Louis and KC suburban markets are going. Not sure about Chicago. Have to check. Will say this: some older but nice suburbs suffering from less than usual inventory.
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I'll definitely say that some very comparable to mine, but probably less nice, slightly worse location, properties here just sold at prices sufficient to make me go
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Replying to @kendrictonn @MorlockP
Speaking of SF. All my buddies in the city are really fed up. My buddy who’s had an office there for 30+ years is getting out. He’ll get a place in Sausalito and only go to the city when needed.
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Replying to @bdunbar @LibertyFarmNH and
This. In economics they talk about things being "sticky". Wages, prices ... locations.
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as was said in the tweet I was responding to
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