Change Dropbox folder location on Mac

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JohnnyR wrote:

And even more annoying is that I can't manually copy the dropbox folder in Finder (which is a 1000 times faster) and just point Dropbox to that location. Why is that not allowed?

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Because if you move/remove the existing folder while Dropbox is running, Dropbox could see it as a mass deletion which would then be synced to your account online, deleting all of your files. But, with a few extra steps on your part, that's actually very possible to do.

Uninstall Dropbox. Once uninstalled, rename the existing Dropbox folder to Dropbox_OLD or similar. Reinstall Dropbox and use the options during installation to select the location for your Dropbox folder. As soon as Dropbox is done being installed, it will start to download the files from your account. Pause syncing or exit Dropbox. Move the content of your Dropbox_OLD folder into the newly created Dropbox folder. Resume syncing or relaunch Dropbox and allow it to index your files. This will take time, especially if you have a lot of files. Be patient and let it work.