Ed Driscoll at Instapundit links to two stories about people now leaving cities, or trying to. One at Zero Hedge notes that it is mostly the wealthy who can go right away as lenders have gotten tight about financing mortgages. As always, those who don't need money are who can most easily borrow.
The other is a story by KTAR News, a Phoenix station, concerning a billion dollar investment firm bailing out of troubled Seattle. They are moving to the greater Phoenix area.
I believe they'd be well-advised to pick a city smaller than Phoenix, maybe an outer suburb like Surprise. A lot of this kind of voting-with-feet will be happening in the coming months.
