A couple of things all these places have in common:
1. High Taxes
2. Democratic Leadership
3. Unions
4. Bad weather.
You nailed it China. As an ex-San Francisco resident, the Marxist-Socialist city government there has driven small and large business out of the city. City-paid sex change operations, and universal healthcare coverage is bankrupting the city that has a budget almost as large as some states. Punitive business taxation has sent Bank of America, Chevron, and Bechtel headquarters to other cities.
I still own real estate there, but am bailing out as soon as the market comes back a bit. My property taxes are $4500/year on a 900 sq ft condo.
I’m going to have to strongly disagree with you on point 4. I’ll take the weather in Detroit or Buffalo any day over that in South Carolina, and San Francisco has the best weather in the country in my opinion.
Except for Buffalo that gets many feet of lake effect snow, how is the weather bad in any other of the mentioned locations ?
Dont forget high crime rates
None of the places have good bbq either
A couple of things all these places have in common:
1. High Taxes
2. Democratic Leadership
3. Unions
4. Bad weather.
5.Four year Colleges
1. High Taxes
2. Democratic Leadership
3. Unions
4. Bad weather.
1 - 3, sure, but SF has great weather.
As an aside, the economy is actually quite strong in the SF Bay Area. The job/population loss seen in this survey is just because the starting point of the comparison is right before the dot.com bust.
And despite some knee-jerk reactions people may have, it's not some sort of infested slime pit. In many ways it's a nice place to live, albeit maddeningly liberal in others.