Nationwide the real estate market is slowing down and cooling off. For my Miami peeps, do you think that’ll reach down here? Do you think the novelty of moving to Miami will Peter out (due to hurricanes, less concern about covid, slowdowns in increases elsewhere, increased rates, whatever) or do you feel this is a San Francisco situation where it’ll buck the national trend and keep on fire?

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Maybe a bit, but I think areas like Phoenix, Houston, Austin will see much more of a cooldown. Miami is too land constrained. We can really only go up, and that takes time. Probably closer to SF for that reason, but SF is a special case.

The last recession hit Florida pretty badly, but people weren't moving to Miami for forever remote work then. Will be interesting to see what happens

Curious about Atlanta too. I’m hearing Atlanta is untouchable.

The only evidence of cooling is fewer home sales. This is the stat that all the articles are citing. However, if this is an indication of less inventory, then the housing market will continue to inflate. For example, this March, there was a 12% increase in houses going above asking price

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