More residents are leaving San Francisco than any other US city, according to data from real-estate site Redfin.
The migration has become so intense that it's creating a shortage of U-Haul vans and inflating prices so that it costs thousands to go from San Jose to Las Vegas - but only $100 to go in the opposite direction.
San Francisco lost more residents than any other city in the US in the last quarter of 2017, according to data from real-estate site Redfin, which sampled a million users.
The data factored in the number of residents that cities gained, meaning San Francisco lost a net 15,489 residents; about 24% more than the next-highest loser on the list, New York City.
This is expected to continue into 2018, considering that, as of February, 49% of Bay Area residents were looking to move out of San Francisco, according to a survey by public-relations firm Edelman.
If that data isn't enough evidence of a heavy migration, consider the shortage of U-Haul moving vans in the Bay Area, which has inflated costs so much that it costs $2,000 to rent a truck from San Jose to Las Vegas - but only costs $100 the other way around, according to local news reporter Michelle Robertson from SFGate.
The migration from San Francisco isn't a new phenomenon, since rent has been increasing at an incredible rate for years.
http://www.businessinsider.com/san-francisco-bay-area-residents-moving-away-increase-u-haul-rental-prices-2018-3
The migration has become so intense that it's creating a shortage of U-Haul vans and inflating prices so that it costs thousands to go from San Jose to Las Vegas - but only $100 to go in the opposite direction.
San Francisco lost more residents than any other city in the US in the last quarter of 2017, according to data from real-estate site Redfin, which sampled a million users.
The data factored in the number of residents that cities gained, meaning San Francisco lost a net 15,489 residents; about 24% more than the next-highest loser on the list, New York City.
This is expected to continue into 2018, considering that, as of February, 49% of Bay Area residents were looking to move out of San Francisco, according to a survey by public-relations firm Edelman.
If that data isn't enough evidence of a heavy migration, consider the shortage of U-Haul moving vans in the Bay Area, which has inflated costs so much that it costs $2,000 to rent a truck from San Jose to Las Vegas - but only costs $100 the other way around, according to local news reporter Michelle Robertson from SFGate.
The migration from San Francisco isn't a new phenomenon, since rent has been increasing at an incredible rate for years.
http://www.businessinsider.com/san-francisco-bay-area-residents-moving-away-increase-u-haul-rental-prices-2018-3
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