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The first line of this article reads: "It seems like Silicon Valley and Bay Area residents are finally getting fed up with rising home prices and crowded cities
by geebee 11y ago
The first line of this article reads: "It seems like Silicon Valley and Bay Area residents are finally getting fed up with rising home prices and crowded cities."
I'd say that's only half right. I don't think the people leaving SF for Seattle dislike crowded cities, the urban aspects of Seattle are part of the appeal. I'd say that it's almost 100% driven by housing costs.
Interestingly, the problem of high housing costs isn't just that it's hard to afford a house, there's something more frantic about San Francisco now. I grew up in SF in the 70s and 80s, and while I know Seattle (and pacific northwesterners in general) often resist the comparison to SF, I gotta tell you, I felt a vibe in Ballard and Fremont that had been missing for a very long time.
Will it last? Well, SF is the epicenter of tech, whereas Seattle is squarely located in the the first round of shock waves. I'd expect the effect on Fremont and Ballard to be a bit more muted than Noe or Bernal or the Mission, but yeah, they'll feel it up there.