San Francisco is seeing an exodus of residents unlike anything the city has seen before. It’s mainly due to the high cost of living and housing. People are essentially voting with their feet.
CBS News San Francisco reports:
San Francisco Bay Area Experiences Mass Exodus Of Residents
The number of people packing up and moving out of the Bay Area just hit its highest level in more than a decade.
Carole Dabak spent 40 years living in San Jose and now she’s part of the mass exodus that is showing no signs of slowing down.
The retired engineer’s packing up and calling it quits about to move to the state of Tennessee.
“I loved it here when I first got here. I really loved it here. But it’s just not the same,” Dabak said.
Of course people come and go from the Bay Area all the time, but for the first time in a long time, more people are leaving the Bay Area than are coming in. And the number one place in the country for out-migration is now, right here.
Russell Hancock with Joint Venture Silicon Valley said, “Silicon Valley has been this place that is growing. And it was mostly growing because…people relocating here and relocating from other parts of the world. That’s changing.”
Joint Venture Silicon Valley’s own study of the out-migration says workers are moving to Sacramento, Austin, and Portland due to a number of factors. But topping the list is the high cost of housing.
This is what ends up happening in a place with far left policies. You end up with two classes of people. The very rich and the very poor.