San Francisco Is Losing More Residents Than Any Other City In The US

Submitted by: fancylad 9 months ago in News & Politics Tech

Welp, this was eventually going to happen. Because the tech industry as artificially inflated the cost of housing, people who work for the tech companies who have taken over the city have had enough and they're leaving. Where are all the tech nerds heading? Oddly enough, Las Vegas. It makes sense, it's a party town, tech bros like to fancy themselves partiers, and Vegas is a part town. 

Of course, nothing's cheap in San Francisco. As a matter of fact, if you want to get the hell out of San Francisco and rent a U-Haul to haul your belongings to Vegas to start over, the rental fees for the truck will cost you a cool $2,000. To let you know how fucking expensive that is, you can take the same trip from Vegas to SF and it'll only cost you $100.

An excerpt from Business Insider:

San Francisco lost more residents than any other city in the US in the last quarter of 2017, according to data from real-estate site Redfin, which sampled a million users. The data factored in the number of residents that cities gained, meaning San Francisco lost a net 15,489 residents; about 24% more than the next-highest loser on the list, New York City.

This is expected to continue into 2018, considering that, as of February, 49% of Bay Area residents were looking to move out of San Francisco, according to a survey by public-relations firm Edelman.
There are 14 comments:
Male 52
I heard a story of a guy who had to avoid human shit on his apartment door step, several times. They would shit on his door step!
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Male 21
Is San Francisco a sanctuary city ?
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Male 213
AdrianC They are a hard core sanctuary city. More so than Oakland. I work in the financial district. It is full of business people and crazy filthy aggressive street people. You get off the train from the east bay and walk past all of the junkies, shooting up on the sidewalk. It's a giant toilet.
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Male 4,069
Guess they're taking the flowers out of their hair.
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Male 777
"Because the tech industry as artificially inflated the cost of housing"

This doesn't seem completely correct. It seems more likely that government imposed regulations inflated the costs of housing.
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Male 213
johncourage No, he is right. They all moved in and were willing to pay stupid prices for housing, thereby raising the rent everywhere. They are erecting high rises with apartment starting in the low 900 thousands.
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Male 1,856
when they publish a map showing the city areas that are safe from homeless pooing on the streets....well...isn't flight from the city inevitable.  Reminds me of that movie "Escape From New York", but with no Cabbie.
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Male 5,688
I moved away from a city\suburb life 10 years ago and have never looked back.  High housing costs, food costs, overcrowding, crime, traffic and overall stress has all but vanished from my life.

Add the fact of living on a fault line...NOPE!
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Male 675
Yeah, a number of classmates have gone down there after graduation.  Nice place and all but retarded expensive because of tech.  But that's how it rolls.
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Male 781
Ever been there? If you lived there, you'd want to leave too!
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Male 18,342
What matters more than how many are leaving is what's the aggregate value of the people leaving?

If it's urban poor, SF is OK. If it's a brain drain or a flight of capital, it's destructive.
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Male 13,398
Would it be cheaper to rent the truck in another place and drive it to pick up your stuff and take it to your new place?

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Male 18,342
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