by by Adam Brinklow : sfcurbed – excerpt
Very first “migration report” claims some natives have wandering eyes
San Francisco’s 2017 doom and gloom train continues with yet another site releasing a study this week showing that locals in California, particularly in the Bay Area, have developed a wandering eye for homes elsewhere.
The real estate site Redfin released its migration report Monday, showing which cities site users are most frequently browsing homes in—and by extension, which cities they’re most likely to be thinking about leaving.
All told, nearly 20 percent of San Francisco and San Jose Redfin users in the first three months of 2017 (the site combines the regions into one stat) were at least flirting with the idea of a home elsewhere, checking at least ten ads abroad in that time…
According to the U.S. Census, San Francisco gains far more people than it loses every year (though the most recent figures explore only through 2015), and the city still anticipates a net gain of at least 10,000 new resident per year.
However, this is the third report in less than six weeks suggesting a general regional restlessness… (more)
A lot of indicators point to the theory that SF is not worth the asking price. Why would anyone choose to pay more to live in a small, over-priced, crowded place, without a car, at risk of being evicted at any moment? Being a transient gets old real fast and one seeks a home to call one’s on and leaves the rat race and traffic behind.