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SF's housing prices are causing residents to consider leaving in droves

By Business Insider

A Bay Area Council survey reports that 46% of San Francisco Bay Area residents plan to leave the area soon. San Franciscans cite the Bay Area's high housing costs as the largest reason for wantingRead full story

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  • Basic supply and demand: the high prices imply people are *not* leaving in droves, or at least those who are leaving are quickly replaced.

  • A Bay Area Council survey reports that 46% of San Francisco Bay Area residents plan to leave the area soon.

  • This is definitely going to and has already been happening. I know many people including myself who would not consider living in SF just because it’s prohibitively expensive to live there. It’s already been causing huge problems with homelessness and real estate owners pushing long time residents out to make way for more lucrative renters with tech sector salaries. San Francisco is not a bad city, but it quickly is becoming an unlivable one.

  • This is sad! Whatever these guys faced living there wasn't fun at all. Over 46% wants to change homes due to the high cost of housing? I mean, what is the government doing about this. There's no guarantee that wherever they will move to will be any better maybe now or in the future. San Francisco also being the country's tech city-the Bay Area, should have provided so many benefits to people living in the area. If this continues, I guess the place will only end up being a deserted island with no

    This is sad! Whatever these guys faced living there wasn't fun at all. Over 46% wants to change homes due to the high cost of housing? I mean, what is the government doing about this. There's no guarantee that wherever they will move to will be any better maybe now or in the future. San Francisco also being the country's tech city-the Bay Area, should have provided so many benefits to people living in the area. If this continues, I guess the place will only end up being a deserted island with no single soul. It's all best for the government to provide housing programs or regulate housing fees and other factors responsible for the migration to other cities. It's not time to lose a city like that, things could still be done.

  • San Francisco has long been a place that I have been considering moving to but have been stopped because of the high living costs. The article mentioned that-even with six figure salaries- some techies may move out of the area because of the high cost of housing...how on earth could I afford it with on a teacher’s salary?! Thinking long term though, if that many people continue to leave San Francisco annually, eventually the housing costs could plummet because there won’t be enough people to fill

    San Francisco has long been a place that I have been considering moving to but have been stopped because of the high living costs. The article mentioned that-even with six figure salaries- some techies may move out of the area because of the high cost of housing...how on earth could I afford it with on a teacher’s salary?! Thinking long term though, if that many people continue to leave San Francisco annually, eventually the housing costs could plummet because there won’t be enough people to fill the houses anymore. I am a little surprised to see that so many people are choosing Seattle as the alternative; with the trend of rising costs there, the same people may be forced to move again in a few short years.

  • I would love to see if this is comparable for NYC. My friends and I talk about this constantly - at what point is the price too high for people to stay? It is becoming unmanageable for anyone but the 1%. The trend most common is moving out once you want to start a family. There is no way you can raise a family in nyc and San Fran given the current costs. It is interesting to see how the cost of nearby cities is now increasing with the influx of people leaving these more expensive cities.

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