If this is true, I'm bullish on real estate in Elk Grove, California. Elk Grove is a suburb of Sacramento that is about 1.5 hours from San Francisco. Apple used to have a major manufacturing presence here before they expanded their manufacturing in China. After Apple moved their manufacturing overseas, Elk Grove became a sleepy suburb where engineers from the Bay Area moved their families to get affordable homes and better schools.
Ever since telecommuting for work took off, the house prices have been spiking.
Disclosure: I have been looking at Elk Grove, Folsom, and other Sacramento suburbs as a possible place to relocate my family and team ... my team and I are not happy with the cost of living in SF, and we can get a lot more bang for buck by moving away.
You can get a 4 bedroom, 2500 sqft house in Elk Grove for about 750,000 now (six months ago it was 500,000). The schools are also quite diverse ... over 30% Asian and Indian.
Apple has a manufacturing presence outside Sacramento that has been scaled down to a support center after manufacturing migrated to China. It was active even in the early 2000s.
Ever since telecommuting for work took off, the house prices have been spiking.
Disclosure: I have been looking at Elk Grove, Folsom, and other Sacramento suburbs as a possible place to relocate my family and team ... my team and I are not happy with the cost of living in SF, and we can get a lot more bang for buck by moving away.
You can get a 4 bedroom, 2500 sqft house in Elk Grove for about 750,000 now (six months ago it was 500,000). The schools are also quite diverse ... over 30% Asian and Indian.