Tenants Decide to Follow Bay Area Landlord to Colorado to Escape High Housing Prices in California
It’s beginning to sounds like a common thing in California that many people are complaining about, housing is too expensive. Many people have moved within California from one city to another in the hopes of seeking lower housing prices and some people have even fled the state to neighboring states such as Nevada. However, the story of Tony Hicks is interesting after he decided to sell his three rental homes in San Jose last year and then bought six houses in Colorado Springs. Hicks is a 58-year-old retired engineer and landlord and he was a San Jose resident of 37 years until he decided that housing was too expensive in California. Surprisingly, several of his tenants were willing and eager to join Hicks in Colorado and moved out there as well. Hicks told the following to the Sacramento Bee,
It’s so much better here. It is nicer, cleaner.
Over the past five years, about 70,000 residents have left Santa Clara County. Housing prices in California are especially tough on people that are on fixed-incomes or are working at low paying jobs. According to Apartment List, the median rent for a two-bedroom apartment in San Jose during November last year was $2,630. Hicks told his tenants in February that he would be selling his properties and moving to Colorado, but instead of being met with upset responses from his tenants, about 10 men and women asked to come along. Many of Hicks’s tenants are on fixed incomes and the move for them was great because the cost of living in Colorado Springs is roughly half of what they faced in the Bay Area. Hopefully something can be done in California so that long time residents do not have to feel the need to move states just to live a comfortable life.