> This is going to be bad for SF real estate I suspect. People will leave to adjust to their new salaries. Everyone disagrees with me, but I believe we're alre

> This is going to be bad for SF real estate I suspect. People will leave to adjust to their new salaries. Everyone disagrees with me, but I believe we're already seeing it. I moved down to the Los Angeles area after college, as I took a job down here. The houses here that used to rent for $3000 10 years ago currently rent for $5000+. Meanwhile in the Bay Area, I can still find a number of comparable houses for $4000 or less. Granted, those are more like - outer sunset, fremont, concord, etc... But those are still pretty nice areas! If I moved right now I'd have to pay $1000/mo more in rent - at least. Probably more. The housing market in SoCal is basically stuck because nobody can afford to move, and so nobody's moving unless they have to lol. And that drove the prices up. As far as I can tell, the rent market is still fairly healthy in the Bay. So the prices haven't escalated quite the same.