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Boise and Reno Capitalize on the California Real Estate Exodus

Sky-high housing prices in the Golden State bring an echo boom—and new neighbors—to other Western states.

Julie D’Agostino outside her home in Boise.

Julie D’Agostino outside her home in Boise.

Photographer: Andy Anderson for Bloomberg Businessweek

Julie D’Agostino spent 15 years in the San Francisco Bay Area working in tech and considers herself decidedly liberal. Still, she ended up buying a home in a surprising place: deep-red Idaho. The 51-year-old moved to Boise two years ago, attracted to its walkable downtown, lively arts scene, and, most important, cheaper housing. She’s happy there, even though her first winter in 2016 and Donald Trump’s election were a shock.

“It was like, ‘What have I done?’ ” D’Agostino says, sitting at the kitchen table of the three-bedroom home she bought in May for $259,000. But staying in the Bay Area long-term wasn’t an option financially. “I was already priced out. I didn’t see myself miraculously, suddenly being able to afford it.”