Toll Brothers CEO Doug Yearley on Where Americans Are Moving During the Pandemic

Toll Brothers CEO Doug Yearley on Where Americans Are Moving During the Pandemic

Toll Brothers CEO Doug Yearley says buyers are leaving California and flocking to cities like Reno, Nev., and Boise, Idaho, as well as relocating to warm-weather states like Texas and Florida.

We have a big presence in coastal California. Orange County, L.A. County and up around San Francisco?that?s still doing well. But there are a lot of Californians that are moving to Reno, Nev.; Las Vegas; Phoenix; Austin, Texas; Boise, Idaho; Salt Lake City; Denver. Our salespeople in Florida, they?re beginning to see Californians in Florida. They love coastal living, they?re just switching coasts. The cost of living of California is absolutely driving people to those markets I mentioned.
https://time.com/5926746/toll-brothers-doug-yearly-moving-covid-19/

Should have piled the trigger on some houses in Texas :-(

Going to ask panda where the next Asian migration is heading and buy there

Can't see why people would move to those hot weather areas... same with colder areas.

irvinehomeowner said:

Can't see why people would move to those hot weather areas... same with colder areas.

Click to expand...

It is snowing in Texas. (central Texas)

Florida has no statewide mask policy. (hard pass)

I?m the opposite.  Why would you live in the IE when you could live in Austin, Florida, etc?

That?s also what Toll Bro said, the coast here is doing just fine.  Read between the lines.