3 ms·
As a resident of the SF Bay Area, I am constantly reading doom and gloom stories about CA and the Bay Area losing population to FL and TX. The numbers are usual
by kagakuninja 3y ago
As a resident of the SF Bay Area, I am constantly reading doom and gloom stories about CA and the Bay Area losing population to FL and TX. The numbers are usually manipulated, taken out of context, or represent temporary blips like COVID.
Counter-balancing those stories are when people move to Texas for the lack of income tax, they discover that TX Makes up for that with higher property tax, and the weather is terrible.
It would be great if there was an exodus of people out of the Bay Area, then the place might become less insanely expensive.
- asow92 3y agoThere probably are too many people in SF and spreading out would increase much needed housing supply in that market. On the topic of property tax, that very well might be true for CA, although NY and TEX property tax seems similar despite the average home in TEX being almost half as much. https://www.rocketmortgage.com/learn/property-taxes-by-state https://www.rocketmortgage.com/learn/property-taxes-by-state. Additionally, there may be other cost of living factors that make TEX more or less attractive.
- kagakuninja 3y agoSF needs more housing, and is facing a problem because they went all-in on tech, and most people aren't returning to those expensive SF offices. Those problems are all manageable, but there will be pain in the short term. The big win by moving out of CA is affordable housing. However, most of the cool alternatives like Austin and Portland have also gentrified (and they hate Californians, at least in Oregon)