Freedom of movement is demonstrating to the leaders of the Bay Area in California just what market forces can do to a Utopia. In a trend that reverses decades of growth after depressive stagnation in San Francisco, San Jose and the rest of the surrounding area, residents are hitting the road out of the Golden State in record numbers.
The reasons are many, but topping them is the high cost of housing in the Bay Area. Simply, it is priced well out of workers’ affordability.
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.
“You can’t even contemplate getting into the housing market here,” Hancock said. “And I don’t mean just service workers, I mean highly skilled professionals. The tech elite are having a hard time affording reasonable housing in Silicon Valley. So this is difficult, this makes it very difficult for employers trying to recruit.”
Couple high mortgage rates with high taxes and not just engineers who are known for their tightwadness will balk.
But, according to the people leaving there are other reasons they are just picking up and getting the heck out of Dodge.
Dabak cites crowding, crime and politics as the reasons for her own exodus.
“We don’t like it here anymore. You know, we don’t like this sanctuary state status and just the politics here,” she said.
We the people of the red states would appreciate the former Californians reflecting on the conditions that make red states red before voting.
So, it looks like the great paradise of San Francisco and her surrounding territory has lost their luster. Fascinating. Of course, this does follow a trend in the United States where the people are moving around to more affordable locations. So long as progressive voting habits are left behind, there’s plenty of room in other parts of the country.