Published On: Tue, Jun 5th, 2018

46% of San Francisco Bay Area Residents Plan to Leave

Last week, protestors in San Francisco blocked the path of commuter buses shuttling workers to Silicon Valley. Claiming the tech sector is destroying their city, the demonstrators piled electric scooters in front of coaches enroute to Google, Apple and other hi-tech companies.

Even though those companies have brought enormous success and wealth to San Francisco, prices have soared, particularly for property. Homelessness has also skyrocketed and commutes have been lengthened by the lack of affordable housing across the city. The growing levels of dissatisfaction in the Bay Area can be seen by the results of a new survey.

Conducted by the Bay Area Council advocacy group, it found that 46 percent of voters plan to move away. That’s a noticeable increase on 2016 when 34 percent of people agreed they’d move out due to the situation. Even though the Bay Area has full employment, only a quarter of those polled said that the economy is going in the right direction.

 

This chart shows the share or respondents who agree or disagree that they will move out of the Bay Area

Infographic: 46% Of San Francisco Bay Area Residents Plan To Leave | Statista You will find more infographics at Statista

 

 

SILICON VALLEY PROPERTY PRICES

Palo Alto House Prices Double In Ten Years

by

Martin Armstrong, Sep 5, 2016
 

Silicon Valley is, of course, the heart of the US tech industry. While business is booming, so are property prices in the area, leaving some workers either having to shell out huge sums to live close to their workplaces or end up with a hefty commute to the office every day.

Over the last ten years, prices in the Palo Alto area have more than doubled. From an already high average of 1.17 million dollars in August 2006, wannabe real estate owners are now looking at a price tag of around 2.5 million.

 

This chart shows how property prices in Silicon Valley (Palo Alto) have developed from 2006 to 2016

Infographic: Palo Alto House Prices Double In Ten Years | Statista You will find more infographics at Statista

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