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Study: San Francisco Residents Abandoning City In Droves
Newsmax ^ | 4-8-2021 | Solange Reyner

Posted on 04/08/2021 6:58:33 PM PDT by blam

San Francisco residents are abandoning the city in droves, with a large number leaving to Texas and Florida, according to a report released Thursday by the commercial realty firm CBRE Group.

The city lost the most residents out of every major city between 2019 and 2020, with 70 percent moving to nearby Sacramento, according to data that was gathered from the United States Postal Service records through a Freedom of Information Act request.

Moves to Texas increased by 32.1 percent and to Florida by 46.2 percent.

"Many of the most ambitious people on the planet have lived here," investor Keith Rabois, who recently moved from California to Florida, told Business Insider. "But post-COVID, I think the concentration of talent has atrophied, perhaps permanently."

Many people left the Bay Area during the coronavirus pandemic, many in the tech industry who did remote work were offered a chance at residing in other towns — as many as 89,000 households moved out of San Francisco between March and November 2020.

"The pandemic came just as the bulk of the large and increasingly affluent millennial cohort had reached prime family formation age," the report explains. "Consequently, millennials had been trending toward more suburban residencies even before COVID-19 came on the scene."

Residential rents in the city were down 27 percent from a year ago in January, according to a report from Apartment List, with median rents at $1,992 for a one-bedroom apartment and $2,305 for a two bedroom.

New York is another city where residents are eyeing an exit after state lawmakers on Thursday passed a budget that will increase the personal income tax on the wealthiest New Yorkers and corporations to generate more than $4 billion in revenue.

''When wealthy people don’t like something, they don’t protest, they just leave''

(snip)

(Excerpt) Read more at newsmax.com ...


TOPICS: News/Current Events
KEYWORDS: abandon; antifa; blm; california; gaybars; germans; masses; peta; realty; sanfrancisco; taxes
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San Francisco


1 posted on 04/08/2021 6:58:33 PM PDT by blam
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To: blam

>>, with a large number leaving to Texas and Florida,

So goes the nation


2 posted on 04/08/2021 7:02:17 PM PDT by a fool in paradise (Lean on Joe Biden to follow Donald Trump's example and donate his annual salary to charity. )
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To: blam

>> many in the tech industry who did remote work were offered a chance at residing in other towns

Big Tech would love to change the national political tilt


3 posted on 04/08/2021 7:03:04 PM PDT by a fool in paradise (Lean on Joe Biden to follow Donald Trump's example and donate his annual salary to charity. )
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To: blam

Human locusts is what they are.


4 posted on 04/08/2021 7:04:34 PM PDT by Shadow44
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To: blam

The virus spreads.


5 posted on 04/08/2021 7:05:47 PM PDT by ealgeone
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To: blam

So Texas and Florida will be Californicated.


6 posted on 04/08/2021 7:05:53 PM PDT by kaehurowing
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To: blam

First the China Pandemic.

Now the California Pandemic.

New York, too, people escaping the Zoo.


7 posted on 04/08/2021 7:06:05 PM PDT by Quentin Quarantino
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To: blam

They used to leave in BMWs and Mercedes but if they prefer Droves now, let ‘em.


8 posted on 04/08/2021 7:07:05 PM PDT by frank ballenger (End vote fraud, harvesting,non-citizen voting & leftist media news censorship or we are finished.)
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To: blam

The Sacramento real estate market is white hot.


9 posted on 04/08/2021 7:10:40 PM PDT by Mariner (War Criminal #18)
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To: blam

How about if we require a leftardation passport, to ensure that they are not halfwits?


10 posted on 04/08/2021 7:11:49 PM PDT by dsc (Tu ne cede malis, sed contra audentior ito.)
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To: blam

Don’t San Francisco up my Florida!


11 posted on 04/08/2021 7:12:00 PM PDT by Prole ( )
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To: blam

Jesus

Dont let them in

They will destroy wherever they fester


12 posted on 04/08/2021 7:12:53 PM PDT by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: blam

I’ll bet it’s hard gettin’ out without steppin’ in piles of human sh*t. You can sure screw up a new pair of shoes in a heartbeat. Pelosi sidewalks.


13 posted on 04/08/2021 7:13:07 PM PDT by FlingWingFlyer (You can vote your way into socialism but you have to shoot your way out of it.)
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To: blam

Texas and Florida are headed to Blue State Hell.


14 posted on 04/08/2021 7:14:10 PM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit..)
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To: Mariner

There is no objective reason to live in a place like Sacramento. :)


15 posted on 04/08/2021 7:14:20 PM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: blam
Same title, same subject, different song.

San Francisco--Tommy Dorsey (1936)

16 posted on 04/08/2021 7:14:30 PM PDT by Fiji Hill
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To: blam

Heres whats moving into your neighborhoods, TX and FL

https://youtu.be/LmZIBZ1aUHY


17 posted on 04/08/2021 7:15:09 PM PDT by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: blam

See, see! Trump’s racist tweets again!


18 posted on 04/08/2021 7:16:15 PM PDT by Extremely Extreme Extremist (Free Republic: The Internet's 1st social media platform. Since 1996.)
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To: blam

Good news.. but the fools will probably destroy Florida and Texas with their liberal voting habits.


19 posted on 04/08/2021 7:16:32 PM PDT by Shortstop7
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To: Shortstop7
Good news.. but the fools will probably destroy Florida and Texas with their liberal voting habits.

Each liberal who moves to those states tend to be canceled by the vote of a conservative retiring in their new homes.

20 posted on 04/08/2021 7:19:37 PM PDT by MinorityRepublican
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