A few of my friends have been asked to take pay cuts and/or relocate out of SF so the company could avoid the city payroll tax. I imagine this will have ripple

A few of my friends have been asked to take pay cuts and/or relocate out of SF so the company could avoid the city payroll tax. I imagine this will have ripple effects. I already see more office space for lease signs, for rent, and for sale signs than any other time I can remember. SF Bay Area is due for a massive fall in real estate prices.