I live in a boom town that has a bit of a draw from Hollywood and NYC types. I can tell you first hand they are moving here in droves and like living here a lot more than they do there. The area I moved from August of last year Holywood and NYC'er are paying ridiculously stupid money for property in an area that is now nicknamed Hollywood by the locals. The price these fools are paying for nothing more than 2000sf shotgun style zero lot line townhouses in what was once the ghetto I bought a 12000sf building with an additional house + a 2000sf garage. But you know what? They are living much better here than they were there. Less taxes, traffic and more home for the buck. Although I will add they are in for a bit of a reality check once the market settles and interest rates increase. Once that happens I'll swoop back in and buy at 50% of what they paid and send them back your way.
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