[llamaorama]

I assume San Francisco would be just fine in the long run. The tech boom was making the city dysfunctional. It's such a spectacular place, while some tech bros who never really wanted to live there in the first place but were lured by the money will flee, there are probably a lot more people in other places who would totally relocate to the Bay Area if they could afford it.

My concern would be whether local governments have gotten too accustomed to a certain level of tax revenue. A sudden exodus would cripple the budget. On the other hand, it would probably make the costs of running city services plummet too, if they had the balls to cut employee pay. You wouldn't have to pay every janitor and permit clerk and teacher and cop 4x more than they would earn elsewhere just so they can afford to live in a car instead of a cardboard box. Those homeless programs would be much more affordable if there was a glut of vacant apartments that the city could pay bottom dollar towards rent vouchers for.