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San Francisco housing market is so dire that people are leaving in droves

By Patrick following x   2018 Apr 8, 4:08pm 585 views   16 comments   watch   sfw   quote     share    


http://www.businessinsider.com/san-francisco-housing-so-expensive-people-leaving-2018-4

A recent report from real-estate site Redfin said that San Francisco lost more residents than any other US city in the last quarter of 2017. ...

Over 146 million American workers have LinkedIn profiles, and over 20,000 companies in the US use LinkedIn to recruit, which gives the social network an inside look at workforce trends.

One of the trends the company is watching: Where people leaving San Francisco are headed.

LinkedIn crunched its data to identify the US cities from which the most LinkedIn members moved from the San Francisco Bay Area in the past 12 months.

These are the top 10 destinations for people fleeing San Francisco's housing market...
1   mell   ignore (1)   2018 Apr 8, 4:18pm   ↑ like (3)   ↓ dislike (0)   quote        

They make up for it with illegals, and more hobos shitting on the sidewalks.
2   BayArea   ignore (0)   2018 Apr 8, 5:30pm   ↑ like (2)   ↓ dislike (0)   quote        

Patrick, I also posted this link a few hrs before you.

This article is very misleading due to the fact that more are coming than are leaving (we can acknowledge that the amount leaving is high). How else could the outrageous housing and rental prices be explained?
3   FortWayne   ignore (1)   2018 Apr 8, 6:35pm   ↑ like (2)   ↓ dislike (0)   quote        

If a place becomes bad to raise a family, people will move.
4   Sniper   ignore (11)   2018 Apr 8, 6:43pm   ↑ like (3)   ↓ dislike (0)   quote        

BayArea says
How else could the outrageous housing and rental prices be explained?


They're not building any more land.

Plus, a fool and his money (in SF), are soon parted.
5   Patrick   ignore (0)   2018 Apr 8, 7:00pm   ↑ like (0)   ↓ dislike (0)   quote        

BayArea says
This article is very misleading due to the fact that more are coming than are leaving


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.


It looks like an absolute loss of residents from this.
6   just_passing_through   ignore (0)   2018 Apr 8, 8:11pm   ↑ like (0)   ↓ dislike (0)   quote        

Thankfully SD isn't on the list!
7   BayArea   ignore (0)   2018 Apr 8, 11:04pm   ↑ like (0)   ↓ dislike (0)   quote        

Patrick says
BayArea says
This article is very misleading due to the fact that more are coming than are leaving


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.


It looks like an absolute loss of residents from this.


Thanks for pointing that out Patrick as this is the first evidence I’ve seen claiming more leaving than coming. I’m skeptical, wonder what’s meant by “which sampled a million users”
8   BayArea   ignore (0)   2018 Apr 10, 8:00am   ↑ like (0)   ↓ dislike (0)   quote        

Read this today:

California
Fastest-growing metropolitan area: San Francisco-Oakland-Hayward
2010-2017 pop. growth: +8.8% (+382,547)
Feb. 2018 unemployment: 2.8% (State: 4.3%)
Largest driver of growth: International migration

https://www.usatoday.com/story/money/economy/2018/04/10/your-citys-population-keeping-pace-fastest-growing-city-each-state/489842002/
9   Evan F.   ignore (0)   2018 Apr 10, 10:41am   ↑ like (1)   ↓ dislike (0)   quote        

That USA today article is using data stretching over a seven year period, coincidentally during one of the largest economic recoveries in history. You could likely pick any major metro in the US and show comparable population and employment growth over the same period (except maybe Detroit, lol).

The Business Insider article is far more granular, focusing on Q4 2017, with the obvious suggestion that perhaps we're rounding a corner on reasonable growth and wandering into unsustainability. The Bay area is an extreme example of the growth of real estate, so it's a good case study as to where we're likely headed in the foreseeable future in other markets- the canary in the coal mine, so to speak.
10   NuttBoxer   ignore (2)   2018 Apr 10, 10:59am   ↑ like (1)   ↓ dislike (0)   quote        

What!? People don't want to buy houses in San Franshitsco the poopist place on earth?
11   Goran_K   ignore (0)   2018 Apr 10, 11:00am   ↑ like (3)   ↓ dislike (0)   quote        

Tax payers leaving, illegals and welfare queens staying.
12   mell   ignore (1)   2018 Apr 10, 11:08am   ↑ like (1)   ↓ dislike (0)   quote        

I'm starting to see houses longer o the market, esp. in surrounding counties where inventory is not that tight.Marin, Sonoma etc. are all nice, even SF outskirts, but anybody who buys overpriced shacks in central SF right now must be nuts as long as the city doesn't promise to clean up the shit on the streets and fix the potholes. I saw a DPT womyn yesterday give out a hefty ticket for a car parked properly at a meter with - since it was a bigger car - slightly stood out of the parking space markings, but not blocking the driveway next to it. While the streets are literally drenched in shit, potholes and construction. Unbelievable.
13   Ceffer   ignore (1)   2018 Apr 10, 11:10am   ↑ like (3)   ↓ dislike (0)   quote        

A swilling mass of feverish third and fourth world miasmas, with aftertaste of homeless and unchecked liberal corruption, and an upper crust of transcendent privilege. What a lovely steaming, stew.
14   mell   ignore (1)   2018 Apr 10, 11:28am   ↑ like (0)   ↓ dislike (0)   quote        

Ceffer says
A swilling mass of feverish third and fourth world miasmas, with aftertaste of homeless and unchecked liberal corruption, and an upper crust of transcendent privilege. What a lovely steaming, stew.


Haha, yeah sounds about right. But on the upside you can sip a latte from the nespresso machine and sit in front of your downtown office glass windows on the ottoman and watch the hobos shoot up, defecate and fling that shit around. Reality Zoo-TV, just separated by a thin wall of glass.
15   Ceffer   ignore (1)   2018 Apr 10, 2:16pm   ↑ like (1)   ↓ dislike (0)   quote        

Yeah, it's great brown bagging inside while a bum twerks a turd on the window with his naked ass then pees in his own mouth.
16   drB6   ignore (0)   2018 Apr 10, 2:33pm   ↑ like (1)   ↓ dislike (0)   quote        

Patrick says
These are the top 10 destinations for people fleeing San Francisco's housing market


Now I know why Austin has to be walled in and isolated form the rest of TX:

5. Austin, Texas

It is the only nutty left wing city in TX.
17   joe154   ignore (0)   2018 Apr 11, 9:15am   ↑ like (1)   ↓ dislike (0)   quote        

I live in San Jose. From my vantage point, more people are leaving than coming in.

People come, get trained, and then after a few years say “to hell with this for a game of soldiers” and desert their posts. That’s a problem.

Nobody obsesses about the high rents like I do. It’s a bit like living in Phoenix and complaining that it’s too hot and dry. But it’s not sustainable. We all know that.




The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
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