4 ms·
Ffs, if housing demand increases by epsilon due to a handful of relocating SF people, your housing market has bigger problems to begin with... 55k people left
by sdenton4 4y ago
Ffs, if housing demand increases by epsilon due to a handful of relocating SF people, your housing market has bigger problems to begin with...
55k people left SF during the pandemic, 20% of whom stayed in the Bay Area, with many more moving as far away as Sacramento. New York was the largest destination outside California, with 1.7% of SF evacuees landing there.
https://therealdeal.com/sanfrancisco/2022/09/22/where-do-people-go-when-they-leave-sf-not-far/ https://therealdeal.com/sanfrancisco/2022/09/22/where-do-peo...
- throwaway5959 4y agoThanks for bringing the data.
- zbrozek 4y agoCA is much bigger than SF and is estimated to be short 3-4 million homes[0]. The state's population has been in net decline for the last two years, primarily resulting in domestic outmigration[1]. The entire US had around 142 million homes in 2021[2]. Based on jobs/housing starts it looks like much of the US is in the hole, but the west coast as a region is far, far worse[3]. [0] https://en.wikipedia.org/wiki/California_housing_shortage https://en.wikipedia.org/wiki/California_housing_shortage [1] https://www.nytimes.com/2022/05/04/us/california-population-decline.html https://www.nytimes.com/2022/05/04/us/california-population-... [2] https://www.statista.com/statistics/240267/number-of-housing-units-in-the-united-states/ https://www.statista.com/statistics/240267/number-of-housing... [3] https://www.nar.realtor/research-and-statistics/housing-statistics/housing-shortage-tracker https://www.nar.realtor/research-and-statistics/housing-stat...
- throwoutway 4y agoCalifornia is larger than just SF. The migration was larger was it not?
- deleted 4y ago[deleted]