So many people are leaving the Bay Area, a U-Haul shortage is jacking up prices

[YSL]

The Bay Area exodus is real and ongoing. The region leads the nation for outward migration, a new study has found.

https://www.sfgate.com/expensive-san...n-12563337.php

[Pedestrian]

I'm sure there are a couple of earlier threads on this subject. It is meat and potatoes from the Bay Area media--they publish a story on it almost every day. They love stories about people living in 2 bedroom 1950s vintage Oakland or San Jose bungalows who sell them and use the proceeds to buy a 5 bedroom McMansion in Atlanta or Texas.

And yet San Francisco has grown by about 100,000 people over the last decade or so and besides U-Hauls, the other scarcity is moving lanes of traffic.

The truth is that for a long time there has been a people rotation of higher income workers and immigrants coming to the Bay Area, and lower income workers and the native born moving out. But net/net the area and the state are growing and creating businesses that eventually seed the rest of the country with creativity.

[destroycreate]

All I know is that you couldn’t pay me to move back there. So overpriced for the BS you have to deal with.

[Capsule F]

Originally Posted by destroycreate

All I know is that you couldn’t pay me to move back there. So overpriced for the BS you have to deal with.

100% agreed.

[mhays]

New tech grads, immigrants, etc., are less likely to use U-Haul. Maybe the outflow is more about mid-career types, or at least people who've accumulated some things.

[BG918]

Originally Posted by Pedestrian

I'm sure there are a couple of earlier threads on this subject. It is meat and potatoes from the Bay Area media--they publish a story on it almost every day. They love stories about people living in 2 bedroom 1950s vintage Oakland or San Jose bungalows who sell them and use the proceeds to buy a 5 bedroom McMansion in Atlanta or Texas.

The Denver media is obsessed with this too. While not as extreme as the Bay Area or Seattle it is one of the metros with the biggest % change in real estate prices in the past 5 years.

[homebucket]

California has worst 'quality of life' in the nation

[The North One]

North Dakota has the best QOL? US News is always full of shit.

And Mississippi is #6 HAHAHAHAHAHAHA

[McBane]

Originally Posted by YSL

The Bay Area exodus is real and ongoing. The region leads the nation for outward migration, a new study has found.

https://www.sfgate.com/expensive-san...n-12563337.php

But what about net migration? Regardless of how many people are moving out, there's a line of folks looking to move to the Bay Area. Same thing in NYC - on paper, people are leaving in droves, but it's still gaining population.

[UrbanImpact]

Originally Posted by homebucket

California has worst 'quality of life' in the nation

LOL at the list with Mississippi listed as #6 in best quality.

[Sun Belt]

Originally Posted by The North One

North Dakota has the best QOL? US News is always full of shit.

And Mississippi is #6 HAHAHAHAHAHAHA

It's based off of each state's citizens access to a healthy environment and a 'sense of social connectedness'. Strange methodology to determine the best QOL.

States with highly polluted urban centers, like California, will rank poorly because of the weighting of the clean air and water aspect of their list.

[IrishIllini]

Originally Posted by McBane

But what about net migration? Regardless of how many people are moving out, there's a line of folks looking to move to the Bay Area. Same thing in NYC - on paper, people are leaving in droves, but it's still gaining population.

I believe the article stated the Bay Area is net negative. Immigration, births, and longer lifespans will keep the population flat/growing.

[pizzaguy]

Originally Posted by destroycreate

All I know is that you couldn’t pay me to move back there. So overpriced for the BS you have to deal with.

Your logic is faulty, sir.

[bnk]

Originally Posted by The North One

North Dakota has the best QOL? US News is always full of shit.

And Mississippi is #6 HAHAHAHAHAHAHA

North Dakota # 2 in natural environment, what ever that is, and Illinois is #50?

[Pedestrian]

If California’s the future, why are so many leaving?
By Patrick Sisson Feb 27, 2018, 12:34pm EST



California, many say, is the future. A center for creative industries and new technology—look at its impressive rollout of electric vehicles and autonomous cars—it’s also a diverse state, pushing progressive policies that could be models for the rest of the country.

And people are leaving in droves for opportunities elsewhere.

The actual migration patterns in California aren’t quite as bad as that sounds—at least not yet. But a recent report by the California Legislative Analyst’s office looking at domestic migration patterns shows that cracks continue to form in the state’s bright facade. Between 2007 and 2016, a million more people have left the state than have moved in from other states . . . .

New Californians are arriving from New York, Illinois, and New Jersey, while the Golden State’s existing residents move to Texas, Arizona, Nevada, and Oregon. For the most part, newcomers have left wealthy pockets of the Northeast, and those departing are heading to less-expensive, lower-tax regions of the Sun Belt.

California is seeing a net gain in high earners (making $110,000 or more) and the highly educated (graduate degrees or higher), while losing those representing the other end of the socioeconomic spectrum. Families with kids are headed for Texas. Blue-state college graduates are moving in. In other words, California’s experiencing what looks like statewide gentrification . . . .

And it’s not just Los Angeles County and the Bay Area—where a salary of $150,000, adjusted for median income, means you’re earning less than a middle-class wage—shedding residents. The state’s Central Coast is also hemorrhaging its working and middle classes . . . .

https://www.curbed.com/2018/2/27/170...igration-texas

So if it's such a lousy place to live, why are those who can afford it--the "gentry"--willing to pay to live there?

[glowrock]

God, I hate useless rankings by even more useless so-called journalists using specious, completely ridiculous systems for determining their rankings.

Aaron (Glowrock)

[The ATX]

Silly and stupid lists like this are not worth discussing.