Hey grads! Come to Tampa Bay where home prices are 'insane'
Wake up and good morning. Anybody remember the wild marketing style of New York City area electronics chain Crazy Eddie? On TV, a guy would yell how low Crazy Eddie prices are. So low, in fact, that they are "insane."
Well, we need a Crazy Eddie of our own right here in Tampa Bay. A new survey ranks the 10 most popular cities that this year's college graduates are flocking to in order to start their careers. And, no, Tampa Bay is not one of them. New York, Washington, D.C., and Los Angeles made the top three slots.
No surprise there. But the only city in the entire Southeast to rank among the top 10 is Atlanta. It comes in ninth. Hey, it's tough to compete for the minds and hearts of the young and educated with the likes of the Big Apple, the nation's capital and California.
Except for one important thing: affordability.
For the past three years, Tampa Bay's housing prices have fallen faster than Wile E. Coyote stepping off a cliff with an Acme anvil in his arms. In 2006, the area's median home price approached $240,000. Now it's $138,000.
That's painful for existing homeowners but sweet music to promising young people looking for places to live that, unlike New York or San Francisco or Los Angeles, do not require six people to share a one-bedroom apartment.
Tampa Bay's Crazy Eddie, where are you? Why are we not yelling our home prices are so low they're "insane" at every college recruitment office from UCLA to UNC? Read my complete column in the St. Petersburg Times here. And here's the ranking of cities where grads are flocking.
-- Robert Trigaux, Times Business Columnist