Mass Exodus of SF

[tadeegan]

https://www.sfgate.com/living-in-sf/article/2020-San-Francisco-exodus-is-real-and-historic-15484785.php

[techslave]

> It should be noted that San Francisco had an unusually low inventory relative to other large cities prior to the pandemic. Historically, the ratio of homes for sale relative to total housing has been a quarter of what New York's was.

the article is totally about percentages. 1->2 = 100%. poor framing, for clicks, if you ask me.

[sushshshsh]

Amazing what happens in big cities when the job opportunities disappear, rents don't come down, and fun things are forcibly closed.

[erik_seaberg]

> The San Jose metro, which like the city of SF is dominated by tech workers

Is this true specifically for homeowners? Last I looked it up, only 7-12% of bay area residents work in tech, and I think a lot of us rent.

[dilyevsky → erik_seaberg]

Maybe in terms of recent home sales otherwise you’re most definitely on point

[chris123]

Bad news