Blog with MAE Capital

The Great Migration From Cities

July 22nd, 2020 10:44 AM by Gregg Mower

We are now 4 months into this COVID-19 crisis and people are getting very restless. People that reside in US Cities are feeling a bit confined with their current living conditions. If you live in a city you know what I am talking about. From having to wear a mask literally everywhere even outside gets old after a while. Not to mention if you are one who lives in a high-rise Condo or Apartment complex you must wait for an empty elevator or take the stairs with your groceries. When sheltering in place in your space you are breathing other people’s recycled air in those high-rise complexes and people are worried for their health and the health of their family. Not to mention most big cities, especially in California, have large homeless populations and the city streets are dirty and unsafe. As more big cities move towards the idea of defunding the police this is also getting people extremely nervous as most big cities don’t have enough resources currently to keep their citizens safe. In addition, in California, the Governor is releasing dangerous prisoners into our cities at an alarming rate under the guise of protecting the prison population. At MAE Capital Mortgage Inc. for these reasons, we are seeing what we are calling "The Great Migration Out of Cities". 

That said people are heading to rural Northern California in droves.  MAE Capital Mortgage Inc. has offices in Rocklin and Roseville and since we do both Real Estate Sales and Mortgage Lending, we are seeing this very interesting dynamic with people able to work from home and embracing the fact that they can now live anywhere.   There are more people with the desire to move out to the country where there is room to move about freely and can have outdoor space for there kids to play.  My wife (Margie Mower) who is one of Rocklin’s top Agents is remarkably busy with buyers wanting the rural properties.  She specializes in rural properties in Rocklin, Roseville, Loomis, Penryn, Newcastle, and the foothills.  When she lists a property in a rural setting the price of these homes are between $650,000 and $1,500,000 and she is getting multiple offers as soon as they hit the market from people seeking shelter away from cities.  She is hearing that the restrictions and the unrest in the cities are driving people away from the cities.  With Politics running rampant in cities where large concentrations of people reside the average citizen has become scared of the movements to defund police and the encouraging of violent protests so much so that they are seeking a slower and easier way of life away from the unrest in the cities.  The Governor of California is even moving out from Sacramento to El Dorado Hills which resides in the foothills of California about 40 miles from Sacramento.  He is buying a $5.4 million on a Governor's salary during a time where his assets are allegedly all in a Blind Trust not for his use.  Whatever your politics are I will bet you too would rather live in a safe environment without homeless, violent protest, filth in streets, and closed businesses.    Schools in rural areas have been allowed to open as the Health Crisis is less concentrated in rural areas which is appealing to city dwellers with families.  

If you are wondering where the people in the rural areas are moving to, it might surprise you to know that the majority are headed out of state.  Yes, with the turmoil, and over-taxation, and an environment where businesses’ small and large are being looked at as part of the problem and not the solution it is no wonder people are leaving.  California has another misleading ballot measure that, if passed, would repeal Proposition 13 (The Howard Jarvis Bill) and property taxes could rise to an amount that will push down real estate values.  The Ballot measure is disguised as an education measure, but if this passes it would give the State an open opportunity to raise all property taxes on both residential homes and commercial property.  This could be disastrous and push Cities like San Francisco and Los Angeles into further decline and more people leaving to seek cheaper housing.  California is in a bad state currently with more people leaving than coming into California and it is all due to the current state of politics in the state that is running it's cities and businesses into bankruptcy and decline.   It is obvious to us the trend and the attitude of buyers and sellers as to what their motivations are with what is going on in the world. 

The world is an ever-changing place and with the health crisis that continues to give juice to the mainstream media and their fear machine, it is no wonder people want out of confined unsafe spaces like big cities.  RV sales are also hitting all-time highs as people look to escape the mismanaged cities in California.  Education and the thought of continuing to home school your kids is also playing a part in moving to rural areas in California where they are more apt to open schools first with smaller population sizes.   As rural Home specialists, we are here to help if you are looking to remove yourself from a City and move to the quiet rural areas of California.  We are also here for those that have been living rural and have found it time to leave the Golden State, we can help sell you home quickly.  If you are seeking to buy or sell a property with a well and septic system (common on rural homes) we know who to call to inspect these properties and how to educate you with the new country lifestyle.   We have many people that are making long-distance moves so if you or someone that you know needs our expertise give us a call.  www.maecapitalcom 916-672-6130. 

Posted by Gregg Mower on July 22nd, 2020 10:44 AM

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