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?
How Housing as a Financial Product Harms Communities
Institutional buyers who treat housing as an investment product become disconnected from the impacts of higher rents, displacement, and housing instability.
Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
The 120 Year Old Tiny Home Villages That Sheltered San Francisco’s Earthquake Refugees
More than a century ago, San Francisco mobilized to house thousands of residents displaced by the 1906 earthquake. Could their strategy offer a model for the present?
Indy Neighborhood Group Builds Temporary Multi-Use Path
Community members, aided in part by funding from the city, repurposed a vehicle lane to create a protected bike and pedestrian path for the summer season.
Congestion Pricing Drops Holland Tunnel Delays by 65 Percent
New York City’s contentious tolling program has yielded improved traffic and roughly $100 million in revenue for the MTA.
In Both Crashes and Crime, Public Transportation is Far Safer than Driving
Contrary to popular assumptions, public transportation has far lower crash and crime rates than automobile travel. For safer communities, improve and encourage transit travel.
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