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?
Permanent Supportive Housing Providers Face Steep Insurance Hikes
High insurance costs are calling some organizations’ future into question as supportive housing providers struggle to meet their expenses.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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